Current Interest Rates

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Rates as of Friday, September 4, 2009 (Conforming rates DOWN  for the week):

The following assumptions apply:

  • 20% Down Payment (call for other options)
  • 1% Origination Fee
  • Escrows Required (if no escrow, higher fees  may apply)
  • Purchase Transactions, Primary Residence (Refinances have different rates)
  • 30 day closing
  • Credit Score 740 +
  • Full Documentation of Income/Assets
  • Loans > $500,000 require 25% down payment for these terms
  • Jumbo Loans assume 25% down for rates disclosed. 20% down is available up to $900,000

Conforming  ($200,000* - $417,000)

Jumbo ($417,001- $1,000,000*)

30 year (fixed)         4.750%       APR 4.870%

30 year ( fixed )       6.000%        APR  6.114%

15 year (fixed)         4.250%       APR 4.457%

15 year ( fixed )       5.250%        APR  5.437%

 3/1 ARM                    3.625%       APR  3.738%

3/1 ARM                      4.250%        APR  4.353%

 5/1 ARM                    3.750%       APR  3.863%

5/1 ARM                      4.625%        APR  4.730%

 7/1 ARM                     4.000%      APR  4.115%      

7/1 ARM                      5.500%        APR  5.610%

FHA/VA        

call for quote (max loan $270,000)

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Disclaimer: The views and opinions expressed in this blog are those of the author and do not necessarily reflect the official policy or position of the HRIS.

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