My friend Jeff Nance sent me an update on residential rates just before Christmas.
Here they are:
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Mortgage Interest Rates* |
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Rates as of 12/22/2008: |
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Conforming |
APR |
Payment per |
Jumbo |
APR |
Payment per |
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30-Yr. fixed |
5.000% |
5.151% |
$5.42 |
8.375% |
8.560% |
$7.65 |
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15-Yr. fixed |
4.875% |
5.135% |
$7.95 |
7.500% |
7.724% |
$9.36 |
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30-Yr fixed FHA/VA |
5.375% |
5.529% |
$5.66 |
5.625% |
5.750% |
$5.80 |
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5-Yr. fixed ARM |
5.250% |
5.403% |
$5.58 |
5.250% |
5.373% |
$5.57 |
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5-Yr. fixed ARM FHA |
6.125% |
6.286% |
$6.13 |
6.875% |
7.010% |
$6.61 |
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Reverse Mtg |
5.530% |
5.620% |
$5.76 |
N/A |
N/A |
N/A |
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