Mortgage Interest Rates Increase Some More

Look at the bright side, they are still 1% lower than they were 10 months ago, I won’t mention that they were about 2% lower in May of this year… Oops! J

30 yr fixed              -  5.5%

15 yr fixed              -  4.875%

5  yr ARM               -  4.375%

30 yr FHA               -  5.5%

30 yr USDA            -   5.875%

30 yr VA                -   5.5%

30 yr Jumbo           -   5.875%

5 yr ARM Jumbo     -   5.125%

Remember, your interest rate could be higher, it all depends on your credit, debt to income ratio and available cash on hand for a down payment, plus other factors. Contact a lender to find out what you would pay.

These rates are courtesy of John Schutze of Bank of America. Click here to contact him for your rates.

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