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.

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