Mortgage Rate Update

Friday, May 2nd, 2008

All rate quotes are for a 60-day lock with 0 points

Conforming limits are up to a $417,000 loan limit*


30 yr conforming fixed: rate = 6.000% APR = 6.241%

15 yr conforming fixed: rate = 5.500% APR = 5.655%

7/1 yr conforming ARM: rate = 5.625% APR = 5.926%

5/1 yr conforming ARM: rate = 5.375% APR = 5.769%

3/1 yr conforming ARM: rate = 5.125% APR = 5.422%

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Jumbo loan limits range from $417,001 to $650,000*

30 yr jumbo fixed: rate = 6.250% APR = 6.477%

15 yr jumbo fixed: rate = 5.750% APR = 5.922%

7/1 yr jumbo ARM: rate = **** APR = ****

5/1 yr jumbo ARM: rate = **** APR = ****

3/1 yr jumbo ARM: rate = **** APR = ****

*Conforming loan limits listed above are for a single-family owner occupied residence.
Courtesy of The Harriman Team