RATES Dec 12 2009

After five weeks of delcines, mortgage rates rose slightly this week. In positve economic news, a federal reserve study showed the net worth of U.S. households rose 5% in the third quarter as stock markets continued rebounding and household debt contracted at a 2.6% annual rate.‬‪ ‬‪Freddie Mac reported that the 30-year fixed-rate mortgage averaged 4.81% for the week, up from last week’s 4.71% average, but down from 5.47% a year ago. ‬Here are our weekend rates for purchases with 20% down and 740+ credit scores:Conf 30 year fixed to $417,000: 4.75%Conf 30 year fixed ($417,000-$535,900): 4.875%FHA 30 year fixed: 4.875%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.

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