Rates still at historic lows.

Mortgage rates rose Friday as investors sold both stocks and bonds, cashing in on recent gains. The sell-off coincided with the day the Treasury started its asset purchase program, a plan that was designed to lower rates. Still rates remain at historic lows. Before Friday’s volatility, Freddie Mac reported that the 30 year fixed rate loan averaged 4.17% for the week ending Thursday. Here are our weekend rates for buyers with 740+ credit scores:
Conv 30 year fixed ($125,000-$417,000): 4.
25 %
Conv 30 year fixed: ($417,000-$535,900): 4.
FHA 30 year fixed: 4.
25 %
FHA 5/1 ARM: 2.
Jumbo 30 year fixed: 4.75%

Please note all rates reflect a 1% origination fee. Rates do vary by loan amount, credit scare, occupancy, and loan-to-value.

Wes Atiyeh
Associate Broker
Long and Foster

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