Market Trends Real Estate

Current Mortgage Interest Rates

Here is the latest interest rate information from J.J. Ballesteros at Bankers Funding:
According to Democratic aides and transition officials, President-Elect Obama’s new stimulus package is said to include hundreds of billions of dollars worth of tax breaks and credits for individuals and businesses.  This new stimulus plan is said to be worth near $775B.  This is good news for the economy and should help with consumer confidence over time.  One thing to consider down the road, these programs will have to be paid for at some point.  This could lead to higher rates, as the Treasury may need to print money to fund these programs.

  • Rates on a 30yr Fixed under $417,000 are at 5.125%
  • Rates on a 30yr Fixed between $417,000 & $625,500  are at  5.375%
  • Rates on a 5yr Arm under $2,500,000 are at 6%

You can call J.J. at 949.690.3240.

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s