Interest
Rates Trend Report
By:
Kevin Hawkins, Golf Savings Bank
Mortgage
Rates Head Lower
As of Dec. 12, 2008 -- 5:00 p.m.
Local mortgage rates for conforming loans today were
once again back to their lowest level in years. The
30 Yr Fixed Rate conforming loan at the end of the
day on Friday was in the 4.875% to 5.375% range depending
on 1 point to no points (along with other credit factors);
15 Yr Fixed Rate loans now ranging from 4.875% to
5.25%. The 5 Yr Fixed Period ARMs today range from
5.375% to 6.25%, depending on three-quarters of a
point to no points.
JUMBO
"DEALS OF THE WEEK": The best-priced
30 Yr Fixed Rate Jumbo loans range from 5.875% (up
to $600,000) range from 5.875% to 6.20% (up to $900,000)
with 1 to 1.5 points; 15 Yr Jumbo loan rate up to
$1,500,000 loan size can be as low as 5.375% with
one point. Niche Jumbo lenders are offering the 5
Yr ARM as low as 5.25% with no points and a half-point
loan origination fee, up to $1,500,000.
Homeowners
HOPENOW: http://www.hopenow.com/
Homeownership
Preservation Foundation: http://www.hpfonline.org/
How
To Avoid Foreclosure (ideas from HUD): http://www.hud.gov/foreclosure/
A
Consumer's Guide to ID Theft Awareness and Avoidance
http://www.krollfraudsolutions.com/understanding-id-theft/consumer-tips.aspx

Prudential
Northwest Real Estate
166 Winslow Way East
Bainbridge Island, WA 98110
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