Interest Rate Update 02-27-10

These rates are typical for the PURCHASE SFR borrower with excellent credit and a sizable down payment, exclusive of FHA for the down payment.

Take a look at FHA 5/1 ARM rates below, as those rates are at 3.375% for all loans up to $729,750-this is amazing! This can be a very attractive alternative for FHA buyers. I do not recall ever seeing FHA ARM rates that low.

Conventional Loans:

30 Year Fixed Conforming---$417,000 and Below: 4.875% with 1 Point

30 Year Fixed High Balance Conforming---$417,001 to $729,750: 5.0% with 1 Point

30 Year Fixed Jumbo---$729,751 to $1,000,000: 5.5% with 1 Point

5/1 ARM Jumbo---4.75% with 1 Point-amazing for Jumbo product

 

FHA Loans:

FHA 30 Year Fixed---$417,000 and Below: 4.875% with 1 Point

FHA 5/1 ARM---$417,000 and Below: 3.375% with 1 Point

FHA 30 Year Fixed High Balance---$417,001 to $729,750: 5.0% with 1 Point

FHA 5/1 ARM High Balance---$417,001 to $729,750: 3.375% with 1 Point

4 comments • Ralph Gorgoglione - California Real Estate (800) 591-6121 • February 27 2010 05:59AM

Comments

I love the fha 5-1 arm rate. I did not know it was so low.

Posted by GITA BANTWAL, REALTOR,ABR,CRS,SRES,GRI BUCKS County & Philadelphia, PA HOMES (RE/MAX Centre Realtors) almost 2 years ago

I have not ever seen FHA ARM rates that low either. Could open a door for a lot of people who otherwise wouldn't be able to buy.

Posted by Randy Ostrander-Real Estate Broker, Serving Big Rapids and West Central MI (Lake and Lodge Realty LLC ) almost 2 years ago

Hello ralph - Thanks for the update.  Have a great weekend.

Posted by Andy Chaudoir (Professional Inspection Services - Georgetown, Texas) almost 2 years ago

Ralph...Rates are indeed attractive.  They certainly should help people wanting to purchase now.  Thanks for the info.

Cosmic Cow

Posted by Carra Riley CRB, CRS, GRI (Author, Speaker, Consultant, Second Homes AZ LLC) almost 2 years ago

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