Weekend Interest Rates


Mortgage rates rose slightly this week as the Dow hit 10,000 for the first time in a year and oil prices continued to climb. Freddie Mac reported that the average 30 year fixed rate loan rose to 4.92% from 4.87% a week earlier. Prosperity is offering a special rate on purchase loans. Remember, Prosperity is offering an additional $500 to first time buyers who are eligible for the $8,000 federal tax credit on all contracts ratified on or after September 26! Here are our weekend rates: Here are our weekend rates for purchases with 20% down and 740+ credit scores: Conf 30 year fixed to $417,000: 4.875%Conf 30 year fixed ($417,000-$535,900): 5.125%FHA 30 year fixed: 5.0%Jumbo 30 year fixed ($528,750+): 5.625% All rates reflect 1 origination, 0 discount points. Please note rates do vary by credit score, loan amount, occupancy and loan to value. Thanks,  

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