the mortgage market

Posted by Leslie Bauer on Wednesday, March 12th, 2008 at 10:22pm.

Daily Commentary & Rates

Wednesday, March 12, 2008

There is no news today, aside from CNBC report of Elliot Spitzer’s resignation, so eyes will be on the stock markets coming off of yesterday’s big gains – the largest percentage in 6 years.

 

Conforming Rates

($200,000 - $417,000)

0 Points

1 Point

30 Year

6.375

6.125

15 Year

5.750

5.375

7/1 ARM

6.375

6.000

5/1

6.125

5.750

3/1 ARM

6.000

5.625

7/1 ARM INTEREST ONLY

6.500

6.125

5/1 ARM INTEREST ONLY

6.250

5.875

3/1 ARM INTEREST ONLY

6.750

6.750

 

Jumbo Rates

($417,001 - $650,000)

0 Points

1 Point

30 Year

7.500

7.125

15 Year

6.875

6.125

7/1 ARM

6.375

6.000

5/1

6.125

5.750

3/1 ARM

6.000

5.625

7/1 ARM INTEREST ONLY

6.500

6.125

5/1 ARM INTEREST ONLY

6.250

5.875

3/1 ARM INTEREST ONLY

7.500

7.500

 

Super Jumbo Rates

($650,000+)

0 Points

1 Point

30 Year

7.500

7.125

15 Year

6.875

6.125

7/1 ARM

6.375

6.000

5/1

6.125

5.750

3/1 ARM

6.000

5.625

7/1 ARM INTEREST ONLY

7.000

6.125

5/1 ARM INTEREST ONLY

6.250

5.875

3/1 ARM INTEREST ONLY

7.500

7.500

 

 

Gil Mora, Mortgage Banker

 

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