Current Mortgage Rates as of 6/6/08

Posted by danita jolly

Mortgage-backed securities have struggled over the last two weeks. There was some positive trading today, however, as the market closed up 31 bps. Hopefully this momentum will carry into Monday giving us better rates to start the week. All rates are based on a principal and interest payment and a 1% loan origination fee.

Best regards,

Ben

Conforming

30 year fixed – 6.125%

5/1 ARM – 5.250%

7/1 ARM – 5.500%

High Balance Conforming ($567,500 maximum)

30 year fixed – 6.250%

5/1 ARM – 5.625%

Non-Conforming (Jumbo)

30 year fixed – 7.250%

5/1 ARM – 6.625%

FHA

30 year fixed – 6.000%

Ben Lenderman
Home Mortgage Consultant
Wells Fargo Home Mortgage
P6447-140
10900 NE 8th St., Suite 1430
Bellevue, WA 98004
425.468.8613 Tel
800.643.0528 Toll-free
425.301.1897 Cell
866.636.7738 Fax
ben.lenderman@wellsfargo.com
http://www.wfhm.com/ben-lenderman

Please Give Ben A call Directly For Personalized Service

This entry was posted on Saturday, June 7th, 2008 at 12:12 pm and is filed under Mortgage Information. 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.

Leave a Reply