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End of december residential mortgage rates from Jeff Nance

My friend Jeff Nance sent me an update on residential rates just before Christmas.

Here they are:

 

Mortgage Interest Rates*

 

Rates as of 12/22/2008:

 

Conforming

APR

Payment per
$1,000

Jumbo

APR

Payment per
$1,000

 

30-Yr. fixed

5.000%

5.151%

$5.42

8.375%

8.560%

$7.65

 

15-Yr. fixed

4.875%

5.135%

$7.95

7.500%

7.724%

$9.36

 

30-Yr fixed FHA/VA

5.375%

5.529%

$5.66

5.625%

5.750%

$5.80

 

5-Yr. fixed ARM

5.250%

5.403%

$5.58

5.250%

5.373%

$5.57

 

5-Yr. fixed ARM FHA

6.125%

6.286%

$6.13

6.875%

7.010%

$6.61

 

Reverse Mtg

5.530%

5.620%

$5.76

N/A

N/A

N/A

 

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