MORTGAGE TREND:
short term ... slight improvement
long term ... steady
recommendation .... if purchasing LOCK! If refinancing LOCK!
Loan Amounts up to $417,000
30 year fixed
6.125% 1 point
6.250% 1/4 point
6.375% -0- points
30 year fixed interest only
6.375% 1 point
6.500$ 1/4 point
6.625% -0- points
5/1 ARM interest only
5.625% 1 point
7/1 ARM interest only
5.875% 1 point
15 year fixed
5.625% 1 point
5.750% 1/4 point
5.875% -0- points
Loan Amount from $417,001 to $697,000
6.375% 1 point
6.500% 1/2 point
6.625% 1/4 point
6.750% -0- points
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