Friday, March 21, 2008

Mortgage Rates Take A Serious Tumble

The principal and interest payment on a $250,000 loan has dropped by $88.99 per month since September 28th on the 30 yr fixed. Rates took a serious dip this week. If you’re still thinking about buying, this might be just the news you need to hear!

30 Year Fixed:    5.8%

5/1 ARM:            5.9%