Eugene Mortgage Rates | First 2009 Update
Posted by Dennis Pease on Friday, January 2nd, 2009 at 7:46pm.
Welcome to 2009! The stock market had a sizable rally today in a wave of optimism, which sent investors out of the bond market, and likewise pushed mortgage rates up. Next week brings several important economic reports including the employment report next Friday. These should handily squash that optimism, and possibly bring rates down again. However, we'll wait and see. There is bound to be a great deal of volatility in the markets for several months yet. Of course, it will benefit all of us to keep the optimism alive.
I hope your Holidays went well, and you're ready for a brand new year.
Have great weekend!
The following rates are based on 30 day locks with no discount points, as of this morning. They are not come ons, they are the rates your buyers will most likely get from a reputable lender, regardless of what is advertised. Certainly there are other specialized programs available, depending on the qualifications of the buyer.
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30 year fixed conforming = |
5.500% |
|
|
15 year = |
5.000% |
|
|
3/1 ARM = |
6.375% |
|
|
5/1 ARM = |
6.250% |
|
|
Jumbo fixed = |
7.250% |
|
|
Jumbo ARM = |
6.875% |
|
|
FHA/VA 30 year fixed = |
5.500% |
|
|
Prime rate is currently = |
3.250% |
Authored by Lorin Wamsley, CMPS - Senior Mortgage Consultant, Precision Funding
Phone: 541-681-8787
Dennis Pease - ReMax Integrity Real Estate Broker invites you to Search All Lane County Homes For Sale . If you are looking for a mortgage consultant, call Lorin at the number above and tell him you saw him here.
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