Real Estate Blog

	Here are today’s rates, as quoted at Bankrate.com   LOAN TYPE		TODAY	+/-	LAST WEEK
	30 yr fixed mtg		5.81%		5.86%
	15 yr fixed mtg		5.46%		5.48%
	5/1 ARM		5.50%		5.49%
	30 yr fixed jumbo mtg		6.08%		6.12%
	5/1 jumbo ARM		5.63%		5.62

Rates are bobbing up and down at bit, but it is expected rates will
rise overall during this calendar year, and I anticipate by the end
of the year we will see a rate of about 6.25% for a fixed 30 year loan.
This is still an excellent rate and should not affect real estate sales
activity overall. 

As I mentioned in one of my previous articles, I recommend utilizing
the internet as a source of information, but suggest interviewing several
local lenders to actually work with on a specific transaction.   If you’d
like some pointers on how to negotiate with (and choose) a lender, please
contact me:

Carol@TopPropertiesWenatchee.com
http://TopPropertiesWenatchee.com

source: Current Interest Rates

This entry was posted on Wednesday, February 22nd, 2006 at 8:45 pm and is filed under Mortgages & Credit Information. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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