Tuesday, April 8, 2008

Mortgage Rates Report by Kristi Collins



Rates bounced around a little last week but begin this week about where they were before.

  • 5.8% - Conforming loan, 30 year fixed

  • 5.6% - Conforming loan, 5/1 ARM

  • 8.4% - Jumbo loan, 30 year fixed

  • 8.25% - Jumbo loan, 5/1 ARM


We're seeing increased activity in the mortgage market. Combined with the improved numbers for March sales & listings (55,000+ listed and 3322 sold) this is another month with incremental movement in the right direction. Things are looking up!