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    « I love Spring in Seattle! Happy Friday everyone. | Main | The Debt Disease...Dollar Buy Dollar »

    Friday, May 04, 2007

    Friday's Rates are unchanged from last week

    Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties)

    30 Year Fixed:  5.875%  (APR 6.013%).  Payment per $1000 = $5.92

    30 Year Fixed with 10 Year Interest Only:  6.125% (APR 6.265%).  Payment per $1000 = $5.10

    7/1 ARM:  5.625% (APR 5.761%).  Payment per $1000 = $5.76

    5/1 ARM:  5.500%  (APR 5.635%).  Payment per $1000 = $5.68

    5/1 ARM with 10 Year Interest Only:  5.625%  (APR 5.761%).  Payment per $1000 = $4.69

    FHA 30 Year Fixed (King/Sno/Pierce SFD Loan Limits $362,790)

    30 Year Fixed:  6.25% (APR 6.256%).  Payment per $1000 = $6.16 plus mortgage insurance of $0.42 per $1000 = $6.58 

    JUMBO (Non-Conforming) Rates.   Pricing is based on the same criteria above, with the exception that the loan amount is $417,001-$650,000 (20% down).

    30 Year Fixed: 6.125% (APR 6.268%).  Payment per $1000 = $6.08

    30 Year Fixed with interest only payments: 6.125% (APR 6.268%).  Payment per $1000 = $5.10

    5/1 ARM:  6.00% (APR 6.146%).  Payment per $1000 = $6.00

    5/1 ARM with 10 Year interest only payments: 6.00% (APR 6.146%).  Payment per $1000 = $5.00

    The above posted rates are as of 8:30 a.m. PST.   I've covered how I price rates for the rate post before on Rain City Guide.

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