Here are the approximate interest rates for this week of May 8, 2009 for 30 year fixed loans for residential properties (single family homes and condominiums):
Conforming Loan (loan amount up to $417,525) - 4.75%
Agency Jumbo Loan (loan amount $417,000-$625,500) -4.875%
Jumbo loan with a 5-1 arm (loan amount over $625,500)- 5%
This information has been provided by Jim Greenwald of First Capital Mortgage
at 310-434-1703.
Posted by: Leesel Boulware
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