Today's Rates
Last update: September 5, 2008 09:30 AM MST
Conforming | Jumbo | Interest-Only Conforming | Interest-Only Jumbo
Conforming Loan Programs
Conforming rates for loans to $417,000.
30 yr fixed conforming
30-Year Fixed Rate, Fully Amortized |
5.875 |
1.000 |
6.023 |
| 6.125 |
0.000 |
6.180 |
15 yr fixed conforming
15-Year Fixed Rate, Fully Amortized |
5.500 |
1.000 |
5.746 |
| 5.750 |
0.000 |
5.840 |
3/1 ARM
3/1 LIBOR ARM, 2.25% Margin, 2/2/6 CAPS |
5.375 |
1.000 |
5.576 |
| 6.125 |
0.000 |
5.670 |
30/5 yr fixed or 5/1 ARM
5/1 LIBOR ARM, 2.25% Margin, 5/2/5 CAPS |
5.625 |
1.000 |
5.662 |
| 6.000 |
0.000 |
5.715 |
30/7 yr fixed or 7/1 ARM
7/1 LIBOR ARM, 2.25% Margin, 5/2/5 CAPS |
5.875 |
1.000 |
5.812 |
| 6.125 |
0.000 |
5.846 |
10/1 ARM
10/1 LIBOR ARM, 2.25% Margin, 5/2/5 CAPS |
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Jumbo rates for loans over $417,000.
30 yr fixed jumbo
30-Year Fixed Rate, Fully Amortized |
6.500 |
1.000 |
6.625 |
| 7.625 |
0.000 |
7.655 |
15 yr fixed jumbo
15-Year Fixed Rate, Fully Amortized |
6.250 |
1.000 |
6.455 |
| 7.000 |
0.000 |
7.047 |
3/1 jumbo ARM
3/1 LIBOR ARM, 2.25% Margin, 2/2/6 CAPS |
5.750 |
1.000 |
5.642 |
| 6.125 |
0.000 |
5.643 |
5/1 jumbo ARM
5/1 LIBOR ARM, 2.25% Margin, 5/2/5 CAPS |
6.250 |
1.000 |
5.881 |
| 6.750 |
0.000 |
5.986 |
7/1 jumbo ARM
7/1 LIBOR ARM, 2.25% Margin, 5/2/5 CAPS |
6.500 |
1.000 |
6.110 |
| 7.625 |
0.000 |
6.618 |
10/1 jumbo ARM
10/1 LIBOR ARM, 2.25% Margin, 5/2/5 CAPS |
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Conforming rates for loans to $417,000.
30 yr fixed conforming Interest-Only
30-Year Fixed Rate, 1st 10 Years at Interest Only |
6.250 |
1.000 |
6.387 |
| 6.500 |
0.000 |
6.551 |
5/1 ARM Interest-Only
5/1/ LIBOR ARM, 2.25 Margin, 5/2/5/ CAPS, 1st 10 Years at Interest Only |
5.625 |
1.000 |
62.051 |
| 6.125 |
0.000 |
62.017 |
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Jumbo rates for loans over $417,000.
30 yr fixed jumbo Interest-Only
30-Year Fixed Rate, 1st 10 Years at Interest Only |
7.875 |
1.000 |
8.001 |
| 8.250 |
0.000 |
8.279 |
5/1 ARM jumbo Interest-Only
5/1/ LIBOR ARM, 2.25 Margin, 5/2/5/ CAPS, 1st 10 Years at Interest Only |
6.250 |
1.000 |
62.178 |
| 6.750 |
0.000 |
62.137 |
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APRs are calculated based on a Conforming loan amount of $240,000, or a Jumbo loan amount of $480,000. Points/fees/rates may vary for different loan amounts.
Additional Commentary
Mortgage interest rates are a huge part of the decision of which lender you intend to use, whether you are purchasing your first home or the "home of your dreams", or just need to refinance.
Interest rates, however, have become much more specific to the borrower's circumstances, including but not limited to credit scores, income, other debt, and when purchasing a new property, whether or not the current home is to be sold, but won't close prior to closing on the NEW property. Also, refinance rates may vary from purchase rates, depending upon several factors.
Even if your credit score is only one POINT below underwriting guidelines, your loan terms -- including interest rate -- may be affected. This information is meant to advise you, not to discourage you. We have dedicated professionals who will assess your mortgage situation, and advise you on what other options may be available to you.
But, if you are a "do-it-yourself-er", or feel you just want to pre-shop, please feel free to search our rates to access generic rates within our network of lenders. And be aware that the fixed rates now are sometimes better than adjustable rates, especially with a "zero point" option.
Also, please keep in mind that we are just showing 1-point and no-point options, as well as displaying rates on only the most requested programs. We have many more programs available, as well as point buy-down and buy-up choices.
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