Mortgage Rates Tumble December 5, 2008

Mortgage Rates Tumble
Borrowers seek to capitalize on tumbling mortgage rates. 
For the full story from the Marin Indpendent Journal:
Mortgages in Marin: Lower Loan Rates Sought

JUMBO (over $625,500 - $4,000,000) 
0 points     
10/1 Int Only….6.875% *       
7/1 Int Only…...6.125% *      
5/1 Int Only…...5.875% *      
*One year prepayment penalty
 
1 point
10/1 Int Only..6.625%
7/1 Int Only….5.875%
5/1 Int Only….5.625%
 
JUMBO-CONFORMING ($417,000-$625,500)
 
0 points
30 Yr. Fixed…5.750%         
5/1 ARM….….6.250%         
1 points
30 Yr. Fixed….5.375%
5/1 ARM…..….5.875%
 
CONFORMING (under $417,000)
 
0 points
30 Yr. Fixed….5.625%         
1 points
30 Yr. Fixed….5.250%

Posted by GutekunstLomas2012 at 12/5/2008 12:04 PM
Categories: Mortgage Rates
 

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