Look at these rates. How low can they go? Not much, I suspect

Interest rate update – rates have continued to drop down to near all time low levels.  In addition, the conforming ARM pricing have improved. Here is a sampling of rates.  Each is quoted with a 1% loan origination fee.
30 year fixed conforming – 4.625%
FNMA Homepath -4.875%
5/1 ARM conforming –  3.50%
FHA Conforming Fixed – 4.5%
FHA Jumbo Fixed   –  4.75%
Agency High Balance ($567,500) – 4.75%
Jumbo fixed to $2M   – 5.875%
Jumbo 7/1 ARM  – 4.125%
Jumbo 5/1 ARM – 3.875%
Down payments will vary from program to program.  Credit score limitations may apply.

These rates courtesy of Steve Tedrow – Windermere Mortgage Services as of Friday 5/21/2010


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