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| 30 Yr. Fixed |
| 7/1 Jumbo ARM |
| FHA 30 Year Fixed |
| 5/1 ARM |
Rates last updated on Friday, January 29, 2010
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30 Yr. Fixed
Fixed for 360 payments. This is the benchmark of mortgage lending. Most popular and conservative of loan products.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 4.5% | 1.5% | 4.971% | | 4.75% | 0% | 5.088% |
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7/1 Jumbo ARM
Fixed for 7 years, then becomes a 1 yr adjustable. For all loan amounts above $417,000 to one million. Loan to value limitations.
Term: 30 years
Maximum Amount: $1,000,000
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| Rates | Points | APR |
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| 3.875% | 1.125% | 4.38% | | 4.125% | 0% | 4.375% |
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FHA 30 Year Fixed
30 Year fixed rate with flexible qualifying guidelines. Has maximum loan amount limits.
Term: 30 years
Maximum Amount: $350,000
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| Rates | Points | APR |
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| 4.875% | 0% | 5.216% |
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5/1 ARM
Fixed for 5 years then adjusts each year thereafter.
Loan amounts to $417,000. Credit score restrictions apply.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 3.5% | 0% | 4.269% |
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $14,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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