Mortgage Update 4/11/2008
April 11, 2008 by Bob Schenkenberger · Leave a Comment
Rates have faired well this week amidst a fairly stable performance by the stock market. Mortgage Backed Securities have been trading inversely to the stock market’s performance.
Currently the rates are as follows:
Conventional 30 year fixed, 5.625%
FHA 30 year fixed, 5.50%
5/1 Interest only ARM, 5.50%
Jumbo 30 year fixed, 7.75%
Contact us for current rate information or to be connected with a Trusted Mortgage Professional!
Bob has been an active REALTOR for 18 years. During this time, he has closed over 500 transactions, and has been the broker of record for 1000's more. Bob can be reached via email (bob@gethomedenver.com) or phone (303.770.1180.)
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