It might be time to refinance…

Rates are low. Really, really low.

A conforming (up to $417,000) 30-year fixed rate is 4.625% with 0 points.

The same loan, with 1.25 points is at 4.325%.

For loans between $417,000 and $729,000 the 30-year fixed rate is 4.75% with 0 points.

The same loan, with 1.25 points is 4.50%.

A 15-year fixed loan up to $417,000 is at 4.0% with 1/2 a point.

Jumbo loans (anything over $729,000 and under $2,000,000) are available at 5.5% for a 30-year fixed rate with 20% down.

This is pretty spectacular. If you don’t have a preferred banker in mind, please let me refer you to some of my favorites.

posted by Marcie Sandalow

This entry was posted on Friday, May 21st, 2010 at 7:06 pm and is filed under Information for Buyers, Mortgages and Lending. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.