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Economic Update |
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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%
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