Rates
3/4 of a point since 6/19. Investors assumed at that time the
economy was taking off! Ben Bernanke, Federal Reserve
Chairman, said all is well and the Fed will start cutting back on any
stimulus spending. Since 06/19 a several scares in the
markets freaked investors out, but harsh reactions were calmed. I
expect a steady incline in home values until the high seasons ends mid
September.
30
year fixed conforming =
|
4.500%
|
4.596%
|
15
year =
|
3.625%
|
3.706%
|
3/1
ARM =
|
3.375%
|
3.461%
|
FHA/VA
30 year fixed =
|
4.250%
|
4.917%
|
30
Yr Fixed Non-Owner =
|
4.750%
|
4.818%
|
Prime
rate is currently =
|
3.250%
|