Foreclosure News

INTEREST RATES AS OF 12/2/08 - 12/03/2008 16:01

Mortgage Interest Rates*

Rates as of Tuesday, 2nd December, 2008:

Conforming
APR
Payment per
$1,000
Jumbo
APR
Payment per
$1,000

30 year fixed
5.375%
5.439%
$5.60
7%
7.099%
$6.65

FHA 97.75% financed
5.375%
5.439%
$5.60
5.625%
5.716%
$5.76

15 year fixed
5.25%
5.314%
$5.52
8.25%
8.357%
$7.51

Interest Only 5/1
%
0.000%
$0.00
%
0.000%
$0.00

*Rates are subject to change due to market fluctuations and borrower's eligibility.

All loans subject to credit approval and property appraisal. Programs, rates, and terms subject to change without notice. For ARM loans, rate may increase after settlement. Prequalification is not a commitment to lend, a condition of loan approval, or an application for credit. Pre-approvals will result in a loan decision subject to conditions. Consult a tax advisor regarding the deductibility of interest.-- a Division of National City Bank