Interest Rates Again Move down Slightly

Interest Rates have again moved down about an eighth of a point over the last couple of weeks as investors continue to move their investments into government securities due to the turmoil in the middle east, which have caused overall interest rates to move downward slightly,

The following are interest rate quotes from Al Hermann of American/California Financial Services ,

The following are interest rate quotes from Jan Schott Bank of America, Home Loans [email protected] 310-802-2300 :

Friday, March 11, 2011

Conforming 15/Yr Fixed to $417,000

3.875% @ .625/pts 4.125% @ 0/pts

Conforming 30/Yr Fixed to $417,000

4.750% @ .325/pt 4.875% @ 0/pts

Conforming High Balance 30/Yr Fixed to $729,750

4.750%@ .875/pts 5.000%@ 0/pts

Non-Conforming 5/Yr Fixed to $2,000,000

4.000% @ .750/pts 4.250% @ 0/pts

Non-Conforming 30/Yr/Fixed to $2,000,000

5.375%@ .875/pt 5.625%@ 0/pts

FHA Fixed to $729,750

4.750%@ .375/pt 4.875%@ 0/pts

Rates based on 20% down, FICO score of 740 or greater, 30/day pricing. .FHA is based on 3.5% down payment, FICO 620, 30/day pricing. Rates not guaranteed and subject to change daily. Pricing adjustments may apply. Points are for rate only. Standard closing costs apply.