Daily commentary and rates

Posted by Leslie Bauer on Thursday, October 9th, 2008 at 12:38pm.

Daily Commentary & Rates

Thursday, October 09, 2008

The rate cuts around the world didn’t help mortgage rates, at least yesterday. In fact, mortgage rates shot up yesterday. Later in the day we also heard the Fed say that it is ready and willing to use its power to boost lender and bank balance sheets through cash infusions. The remainder of the session was choppy, but most investors worsened rates and prices. Treasury prices initially opened higher but the tide turned midmorning and prices headed lower for the remainder of the day on poor showings in Treasury auctions.

 

 

Conforming Rates
($200,000 - $417,000) 0 Points 1 Point
30 Year 6.250 5.875
15 Year 6.250 5.750
7/1 ARM 7.000 6.500
5/1 6.875 6.250
3/1 ARM 6.750 5.875
7/1 ARM INTEREST ONLY 7.125 6.625
5/1 ARM INTEREST ONLY 6.875 6.250
3/1 ARM INTEREST ONLY 6.750 5.875


Jumbo Rates
($417,001 - $650,000) 0 Points 1 Point
30 Year 6.625 6.125
15 Year 6.500 5.750
7/1 ARM 8.000 7.125
5/1 7.250 6.750
3/1 ARM 8.250 6.625
7/1 ARM INTEREST ONLY 8.500 7.125
5/1 ARM INTEREST ONLY 7.500 6.750
3/1 ARM INTEREST ONLY 8.500 7.625


Super Jumbo Rates
($650,000+) 0 Points 1 Point
30 Year 8.625 8.250
15 Year 9.000 8.000
7/1 ARM 9.125 8.375
5/1 8.500 7.875
3/1 ARM 8.125 7.250
7/1 ARM INTEREST ONLY 9.250 8.500
5/1 ARM INTEREST ONLY 8.875 8.000
3/1 ARM INTEREST ONLY 8.500 7.625




Fannie Mae (Stimulus) Jumbo Pricing
(<$729,750) 0 Point 1 Point
30 Yr fixed 6.625 6.125
15 Yr fixed 6.500 6.000
5 Yr ARM 7.250 6.750
   
Print

Leave a Comment

This site uses cookies to provide you with the best user experience. By using Highrises.com you accept our use of cookies.