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Interest Rates Change Daily


Interest Rates Change Daily

Interest rates change constantly, but it is important to know that rates are cyclical. If rates are currently at historical lows then we know there is a strong probability rates will go up again, and vice versa. Certain economic indicators such as unemployment data, consumer price index, retail sales data, and consumer confidence all have an effect on mortgage interest rates. But the key factor to watch is the relationship between stocks and bonds.

When the economy is slow and the stock market is "bearish," many investors move money out of stocks and into bonds and mortgage-backed securities. This causes mortgage interest rates to go down. When the economy is doing well, the stock market rallies and is considered "bullish." Investors then have a tendency to move their money out of that safe haven of bonds and mortgage-backed securities and back into stocks. As a result, mortgage interest rates go up.

My team and I keep a close eye on mortgage interest rates at all times in an effort to alert our clientele of opportunities to obtain lower financing. Let us know if you have any questions for us.

Mortgage Interest Rates*
Rates as of Monday, 3rd October, 2011:
  Term Conforming APR Payment per
Jumbo APR Payment per
Arm Reset Term
30-yr Fixed 360 3.750% 3.831% $4.63 4.75% 4.822% $5.22 -
15-yr Fixed 360 3.250% 3.329% $4.35 4.375% 4.445% $4.99 -
FHA 30yr Fixed 360 4.000% 4.082% $4.77 % 0.000% $0.00 -
FHA 5yr Arm 360 2.875% 2.952% $4.15 % 0.000% $0.00 60
5-yr Arm 360 3.125% 3.203% $4.28 3.25% 3.316% $4.35 60
5-yr Arm Int Only 360 3.25% 3.329% $2.71 3.375% 3.441% $2.81 60

*Rates are subject to change due to market fluctuations and borrower's eligibility. Payment amounts do not include amounts for taxes and insurance. Actual payments will be higher.

For professional use only. Not intended for consumer distribution.
Christian is a Full Service Mortgage Banker. He is also approved with numerous lending sources throughout the country. He provides conventional, non conforming, jumbo, construction perm, FHA and VA loans. He assists customers with great credit and no credit. He can assist individuals and professionals with their financing needs whether buying, selling or refinancing real estate. If he can be of assistance or to be added or removed from his distribution list, contact him at the telephone numbers provided, or reply to this email. Your request will be immediately honored. to be added to his distribution list please register at : http://budurl.com/RigisterNowCP