Add a comment | Saturday, August 8, 2009
30 years conforming rate went up from this week earlier. It is at 5.25% t0 5.5% range. But it is still lower than last year that was at 6.125%. Super conforming is about .125% to .25% higher than conforming rate. ARM 1/3 under 4%, 1/5 to 1/7 are around 4.25% to 4.625%. 15 years fixd conforming 4.75%. To get better rate, borrower needs higher credit score over 720. Also, over 40% down has .25% improved rate. Impounds property tax improves rate too.
