Hoboken Mortgages - Rate Update
Are rates creeping up? Do the big pants know something that we don't? Well rates have slowly been inching their way up since October with positive news streaming into the markets..
In November the 30year fixed rate was 4.375
December, it's up again! If you are in the market to buy a home, you should ask your representative whether now maybe a good time to lock in a rate.
From Michael Mundy - Pinnacle Mortgage - mmundy@pinnaclmortgage.biz
REVISED December 3rd, 2010---- 5:00 PM ET
Lock Period = 45 Days
CONVENTIONAL CONFORMING LOANS (loans less than or equal to $417,000)
30 YEAR FIXED ---------------------------- 4.625%/ 4.649% APR
30 YEAR FIXED INTEREST ONLY--- 5.125%/ 5.139% APR
15 YEAR FIXED----------------------------- 3.875%/ 3.883% APR
5 / 1 ARM------------------------------------- 3.250%/ 3.091% APR
7/1 ARM ------------------------------------ 3.500%/ 3.341% APR
* All quotes are with 0 points
*Investment Properties --- ** Add 1.75 points (if 25% down)**
A Hoboken and Jersey City Real Estate Blog by Karina Abad, realtor at Keller Williams Towne Square. Real estate market news, condos, homes and brownstones, buying and selling tips and local community info.
Hi Friends,
ReplyDeleteI can see that you are putting a lots of efforts into your blog. Mortgage rate is the amount of interest charged on the money lent for the purchase of a home. Thanks a lot for sharing with us...