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Economic Update

September 1, 2009

THE DEADLINE IS APPROACHING FOR FIRST TIME HOMEBUYER TAX CREDIT

LET YOUR BUYERS KNOW THE CLOCK IS TICKING!

CONVENTIONAL (max loan amount $417K)

Purchase Transactions Rates Assuming a 740 plus credit score

30 Year Fixed @ 4.875% to 5.125%

15 Year Fixed @ 4.375% to 4.750%

5/1 ARM @ 3.625% to 3.990%

FHA/VA ($346,250 max loan amount)

Purchase Transactions Rates

30 Year Fixed @ 4.875% to 5.125%

15 Year Fixed @ 4.500% to 5.000%

5/1 ARM @ 3.625% to 4.000%

JUMBO FIXED RATE & JUMBO ARMS (loan amounts over $417K)

Purchase Transactions Rates Assuming a 760 plus credit score

30 Year Fixed @ 6.125% to 6.500%

15 Year Fixed @ 5.500% to 5.990%

5/1 ARM @ 4.750% to 5.125%