Tuesday, June 22, 2010

Interest rates are terrific

If you're searching for Studio City homes for sale (and if you are, please check out 4552 Morse), or Burbank real estate, or Toluca Lake real estate, or any other real estate, here's a news flash.  Interest rates have gone down again!  For 30-year fixed mortgages, they are now at 4.5% + 1pt for conforming, 4.625%+1 pt for conforming high limit, 5.5%+1 pt for jumbo (over $729k) and 4.0% + 1 pt. for 15 year mortgages.  We all thought we'd see higher interest rates by this time this year.  What a nice surprise.


  1. Thanks. That's very useful.

    Yesterday my mortgage guy quoted me 4.5% + 1.125 pts for conforming. What a difference a day makes. Or maybe I need a new mortgage guy!

    For what it's worth, another resource one can check for wholesale (not retail) mortgage rates of the day is mtgprofessor.com.

  2. sfvrealestate11:32 AM

    Thanks, Al!