What do you think interest rates did last week??

OCCOASTPROPERTIES reports for the week ending 5/22/11 that interest rates for Bank of America loans.........

INCREASED .25% to .125%

The increase is largely due to the soft bond market and probable concerns swirling around the September 1st maximum conforming loan amount reported last week. Traditionally, this is the busiest time of the year for buying and selling (May-Sept) which could also lend to the moving rates.

Conforming 417,000,000 with 20% down, 30yr fixed

4.750% -  1 point

4.875% -   No points

Conforming 417,000 with 20% down, 5yr fixed arm

2.750% -  1 point

3.000% -  No points

Conforming 729,500,000 with 20% down, 30yr fixed

4.875% -  .50 point

5.000% -  No points

Conforming 729,500 with 20% down, 5yr fixed arm

3.000% -  .1 point

3.250% -   No points

FHA to 729,500 with 3.5% down, 5yr fixed

3.250% -  1 point

3.500% -  No points

FHA to 729,500 with 3.500% down, 30yr fixed

4.375% -  1 points

4.500% -  No points

Non Conforming 2,000,000 with 20% down, 5yr fixed arm

3.375% -  .875 point

3.625% -   No points

Non Conforming 2,000,000 with 20% down, 30yr fixed

4.875% -   .75 point

5.125% -   No points

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Steve Mino & Natalie Vizir

Century 21

OCCOASTPROPERTIES.COM

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