Rates have bounced back up again. It could be that lenders are trying to get ready for the increased loan limits by getting rates up a bit to reflect the increased risk of bigger loans. Of course, it could be gremlins or sun spots too. Who knows? Remember, 17% and 10 points used to be common; it could be worse.
6.400% -- 30 Year Conforming
6.000% -- 5/1 ARM, Conforming
7.125% -- 30 Year Jumbo
6.250% -- 5/1 ARM Jumbo
You can reach Kristi by cell phone at 602-750-8594 or by email at Kristi.Collins@mortgagefamily.com