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It's Official, Interest Rates are now Crazy Low !!!!

Interest rates have again moved down to unbelievable levels not seen for over 40 years.  The following graph can give you an idea of the historically low  levels which we are at now

 30-Year FRM Rates 1971 - 2010:

Reproduced with the permission of Mortgage-X.com

What is your interest rate?

The following are interest rate quotes from Al Hermann of American/California Financial Services

30 Yr Fixed FHA

Rate

APR

 

     

4.000%

4.546%

Details

     

 

Conforming 30 Yr Fixed up to $417000

Rate

APR

 

     

4.000%

4.147%

Details

     

 

Conforming Jumbo 30 Yr Fixed $417001 - $625500

Rate

APR

 

     

4.250%

4.392%

Details

     

 

Conforming Jumbo Fixed $625000 - $729750

Rate

APR

 

     

4.250%

4.390%

Details

     

 

Jumbo 7/1 ARM $1.5 Mil (higher loan amt available)

Rate

APR

 

     

4.250%

3.586%

Details

     

 

Rates for 30 year fixed rate Jumbo loans in excess of $729,750 range from 5.25 % to 5.5%.

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.

The Woodlands

 

 

  • #1 Best Selling master-planned community in the state of Texas
  • 27 miles North of Houston
  • 16 miles from George Bush Intercontinental Airport
  • Close to I-45 and the Hardy Toll Road
  • Cynthia Woods Mitchell Pavillion outdoor amphitheater 
  • 190 miles of hike and bike trails
  • Exemplary public schools and Acclaimed private schools
  • Ranked one of the top 10 safest communities in Texas
  • Click here to see a video of "The Woodlands"

 

 

Comment balloon 5 commentsPippa Mac • August 13 2010 02:48PM

Comments

Great graph...if people don't see that as proof that it is a great time to get a mortgage, I don't know how we would convince them!

Posted by Holly Weatherwax, A Great Real Estate Experience ( Associate Broker, Momentum Realty) about 7 years ago

I don't think people get it!  Back in 1990 we assumed a mortgage at 10% and thought we were in Heaven!!!!!!!!!!!!!!  LOL!

Posted by Linda Kemp, Stager and Relocation Professional (Keller Williams Realty Infinity) about 7 years ago

Wow, what a great article.  I went to reblog, and evidently you disabled that function on this one.  Just trying to get your name around to more places.  Thanks for the post.

Posted by Bob Marsh, Broker,480-529-2936, Warm Weather Real Estate (Warm Weather Real Estate) about 7 years ago

Just closed one today with a 4.35 interest rate.  That is CRAZY!

Posted by Paula McDonald, Magnolia Realty ~ Granbury, TX 936-203-0279 (Magnolia Realty ~ Granbury) about 7 years ago

Interest rates are still fantastic if you can get a loan !!  Thanks for the info.  The more things change, the more they remain the same.

Posted by Bart Cleveland about 6 years ago

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