FED cut the rate yesterday...

Ball park rates for the start of the day. May be an exciting roller coaster ride so, I'll try to keep you posted on any significant ups or downs in the rates...

Have a great Wednesday

30-year conventional: Loan $130,000-$175,000---5.125-5.50%
Loan $175,000-$230,000---5.00-5.375%
Loan $230,000 to max ($417,000) --- 4.875-5.25%

30-year FHA: Loan $90,000-130,000 --- 4.75-5.125%
Loan $130,000-170,000 -- 4.75-5.125%
Loan $170,000 to max -- 4.75-5.125%

15-year conventional: Loan $130,000-175,000 -- 4.875-5.25%
Loan $175,000-230,000 -- 4.75-5.125%
Loan $230,000 to max -- 4.75-5.125%

40-year conventional: Loan $130,000-175,000 -- 5.50-5.875%
Loan $175,000-230,000 -- 5.375-5.75%
Loan $230,000 to max -- 5.25-5.625%

30-year conventional jumbo: $417,000-$650,000 -- 5.75-6.125%
15-year conventional jumbo: $417,000-650,000 -- 5.875-6.25%

5/1 Arm cap 5/2/5: $130,000-175,000 -- 6.125-6.5%
$175,000-230,000 -- 4.625-5.00%
$230,000 to max -- 4.625-5.00%

3/1 Arm cap 2&6: 417,000-$650,000 -- 5.75-6.125%
5/1 Jumbo Arm - cap 5/2/5: $417,000 -- 5.875-6.25% (same as last week)

2009 Loan Limits release

I would like to pass on to you about the 2009 conforming loan limit increases for the following counties. For all counties not listed the 2009 conforming loan limit of $417,000 will remain in place.


Salt Lake County

$600,300- 1-Unit
$768,500 - 2-Unit
$928,950 - 3-Unit
$1,154,450 4-Unit

Summit County

$600,300
$768,500
$928,950
$1,154,450

Tooele County

$600,300
$768,500
$928,950
$1,154,450

Davis County
$389,850
$499,050
$603,250
$749,700

Morgan County
36260
UT
$389,850
$499,050
$603,250
$749,700

Weber County
36260
UT
$389,850
$499,050
$603,250
$749,700

Wasatch County
25720
UT
$325,450
$416,600
$503,600
$625,850

Washington County
41100
UT
$278,300
$356,250
$430,650
$535,200