Interest Rates down Aug 28 2010

Mortgage rates
 held at record lows this week as stocks rallied Friday on Fed Chief Ben Bernanke’s announcement that he will consider taking bolder moves to revive the economy.‬
‪ ‬
‪Freddie Mac
reported the 30 year fixed mortgage averaged 4.36% this week, down from 4.42% last week. Perhaps a sign that the foreclosure crisis may be abating, the Wall Street Journal reported that the  number of homeowners behind on their mortgage payments sunk to the lowest level in four years.‬
***Prosperity is offering prospective buyers who get pre-approved by Sept. 30 and close before the end of the year a .5% discount on the rate for the first year!  Here are our weekend rates for 
purchase loans on single-family homes greater than $150,000 with 20% down and 740+ credit scores
  : Conf 30 year fixed to $417,000: 


Conf 30 year fixed ($417,000-$535,900):

  4.375% FHA 30 year fixed:


 FHA 5/1 ARM: 


Jumbo 30 year fixed ($528,750+): 


All rates reflect 1 origination, 0 discount points. Please note rates do vary by credit score, loan amount, 

 rate lock period, occupancy and loan to value.

Posted with WordPress for BlackBerry.

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