Current Interest Rates
Here are today's rates, as quoted at Bankrate.com
LOAN TYPE | TODAY | +/- | LAST WEEK |  | |||
| 30 yr fixed mtg |  | 5.81% |  | 5.86% | |||
| 15 yr fixed mtg | | 5.46% | | 5.48% | |||
| 5/1 ARM | | 5.50% |  | 5.49% | |||
| 30 yr fixed jumbo mtg | | 6.08% | | 6.12% | |||
| 5/1 jumbo ARM | | 5.63% | | 5.62 |
Rates are bobbing up and down at bit, but it is expected rates will
rise overall during this calendar year, and I anticipate by the end
of the year we will see a rate of about 6.25% for a fixed 30 year loan.
This is still an excellent rate and should not affect real estate sales
activity overall.
As I mentioned in one of my previous articles, I recommend utilizing
the internet as a source of information, but suggest interviewing several
local lenders to actually work with on a specific transaction. If you'd
like some pointers on how to negotiate with (and choose) a lender, please
contact me:
Carol@TopPropertiesWenatchee.com
http://TopPropertiesWenatchee.com
Posted on Wednesday, February 22, 2006 at 05:45PM
by
Carol Williams
in Mortgages & Credit Information
|
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Carol Williams
in Mortgages & Credit Information
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