Blogs

The past two weeks we have seen mortgage rates fall for a few days to the low points we saw back in January only to jump back up to the current level rates started last week at. The base line for conforming 30 year fixed rates with no origination fee seems to be sitting at 5.0%. There are days you can get it below and days it is higher, but what appears to be the base is 5.0%. The comparable 5/1 ARM runs about 1% lower typically and has been following this same path with the 30 year fixed rate. Jumbo loan rates have seemed to stabilize as well with 30 year fixed holding around 6.0% and the 5/1 jumbo ARM holding about 5.25%. While there are loans that we can get lower rates, these are case...