Mortgage Blog

Dow was down 666 points, and the interest rate went up. And the lowest rate for all programs were 3.875% now. I do not think it will go up too much from the current level. Normally bonds and stocks goes different direction, but today they all sold off.

Just keep the rate sheet here for the future comparison:

Conforming(<=453,100)                       High Balance(>$453,100 & <=679,650)
30Yr. Fixed  4.250% APR 4.250%      30Yr. Fixed  4.375%  APR 4.375%
15Yr. Fixed  3.750% APR 3.750%      15Yr. Fixed  4.000%  APR 4.000%         
7/1 ARM      3.875% APR 4.504%         7/1 ARM  4.125%  APR 4.504%
5/1 ARM      3.875% APR 4.504%         5/1 ARM  4.000%  APR 4.504%

Jumbo(>679,650)
30 Yr fixed   4.375% APR 4.375%
7/1 ARM      3.875% APR 4.504%
5/1 ARM      3.875% APR 4.504%