According to the Wall Street Journal the upheaval in the Stock Market today should help to lower interest rates making for an even better housing market for serious home buyers.
Bankrate.com offers the following rate information:
30 Year Jumbo Loans – Unchanged today at 6.46%.
15 Year Jumbo Loans - Minus 3 basis points today at 5.92%.
5/1 Jumbo Loans – Unchanged today at 5.62%.
5/1 Interest only Jumbo Loan – Increased 1 basis point today at 5.75%.
Remember that these rates are averages and will vary depending on your credit score, down payment, points paid etc.
Michael Novia
South Beach Real Estate
415-637-2409 (24 hours)
Filed under: Buyer Info, Mortgage Info
