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Mortgage Interest Rates
Rate sheets e-mailed to me today from several area lenders: 30 year fixed rate for loans less than $417,000 available for 5%. Jumbo loans (over $417,000) have a slightly higher rate of 5.5%. For loans greater than $750,000, the rate is 5.875%. The adjustable rates are more attractive for the higher loan amounts- 4.75% range.
One company promotes a special 2nd home loan program with just 10% down.
I have good contacts with local representatives for the major mortgage companies if you are considering refinancing or buying new. ann@anndelaney.com