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)
801-649-5883
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Marina Vialtsina
Showing posts with label key interest rate. Show all posts
Showing posts with label key interest rate. Show all posts
Wednesday, December 17, 2008
Wednesday, March 19, 2008
Interest Rate is Slashed again
-- The Federal Reserve on Tuesday slashed a key interest rate by three-fourths of a percentage point, moving aggressively to contain a credit crisis threatening to push the country into a severe recession.
The latest action brought the federal funds rate - the interest that banks charge each other - down to 2.25 percent, the lowest point since late 2004. It marked the second back-to-back cuts of three-fourths of a percentage point.
Fed Chairman Ben Bernanke and his colleages have now cut the funds rate six times since last September, with the reductions becoming more aggressive since January as the central bank has faced growing turmoil in global financial markets.
In Jacksonville, Fla., Tuesday, President Bush said the government will take further action - if necessary - to help the sagging economy.
How does it affect you?
You should see the difference in credit card payments, second mortgage payments or ifyou have adjustable rate mortgage because all of them are connected wih prime interested rate.
However, you may not see any changes with fixed rate mortgages...Stay tuned.
The latest action brought the federal funds rate - the interest that banks charge each other - down to 2.25 percent, the lowest point since late 2004. It marked the second back-to-back cuts of three-fourths of a percentage point.
Fed Chairman Ben Bernanke and his colleages have now cut the funds rate six times since last September, with the reductions becoming more aggressive since January as the central bank has faced growing turmoil in global financial markets.
In Jacksonville, Fla., Tuesday, President Bush said the government will take further action - if necessary - to help the sagging economy.
How does it affect you?
You should see the difference in credit card payments, second mortgage payments or ifyou have adjustable rate mortgage because all of them are connected wih prime interested rate.
However, you may not see any changes with fixed rate mortgages...Stay tuned.
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