What a week of volatility we have had! Last week, we were mourning the end of refinances with the agreement on the Euro that bolstered the stock market and crushed the mortgage market. All of a sudden that agreement doesn't seem effective and we have had a dramatic turnaround. The stock market has sold off and Treasuries have rallied(mortgages are back!) We have no idea how long it will last or if this is the bottom but.....enjoy the ride!
Product Conforming (to $417,000)
30 Year Fixed 3.875%,
15 Year Fixed 3.375%,
5/1 ARM 2.75%,
Jumbo Conforming (to $625,000)
30 Year Fixed 4%
15 Year Fixed 3.5%
5/1 ARM 3%
Call about other products and loan amounts.
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