Interest rates are currently at their lows for the year. According to figures compiled by Freddie Mac, rates for all types of financing, including Conventional, FHA and VA loans are all at historic lows. Regardless of your loan amount, it is important to review your terms to see if refinancing makes sense.
On October 1, 2011, the jumbo conforming limit is set to be reduced from $729,750 to $625,500. If your loan amount falls between these amounts, it is important you start the process now. This could be your last opportunity to take advantage of today’s low rates!
Refinancing today can lower your monthly payments, saving you thousands over the life of the loan. You can consolidate debts, paying off high interest credit cards, autos, or student loans.
No cost refinances are available. Lower your monthly payment at no cost.
Rates for a number of programs are listed below:
Conforming Loan Amounts <=$417,000
30 Year Fixed 4% 4.0291%
15 Year Fixed 3.25% 3.3007%
5/1 ARM 2.875% 2.9844%
Jumbo Conforming Loan Amounts $417,000 to $729,750
30 Year Fixed 4.25% 4.2696%
15 Year Fixed 3.25% 3.2838%
5/1 Year ARM 3.625% 3.4594%
30 Year Fixed to $417,000 3.875% 4.5952%
30 Year Fixed above $417,000 3.875% 4.5952%
Interest Rates and Information provided by Jay Curley. Contact Jay today or go online to qualify for these low rates: Jay Curley