We have gotten so spoiled by the current level of interest rates, I thought it might be instructive to post the interest rates from May 2006

LOAN TYPE

TODAY +/-

LAST WEEK

30 yr fixed mtg

6.21%

6.20%

15 yr fixed mtg

5.88%

5.86%

5/1 ARM

5.82%

5.84%

30 yr fixed jumbo mtg

6.42%

6.41%

5/1 jumbo ARM

5.92%

5.95%

Source: bankrate.com Rates include 1 point fee

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at https://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.