INTERESTing numbers

Here is some good news for Investors or Home Buyers:

Interest rates are awesome!

Here are the current rates as of 11/18/08 from one of the loan broker’s I recommend – Sany Wang < TheSandyWay.com >

Rates as of Nov. 18, 2008

Refinance Rates with No points No fees No Closing Costs
Rates will be lower if you pay closing costs and/or points.

• Conforming Loans (<=$417,000):
• 30Yr. Fixed: 6% / 6% APR
• 15Yr. Fixed: 5.75% / 5.75% APR
• 3/1 ARM: 5.05% / 5.05% APR
• 5/1 ARM: 5.75% / 5.75% APR

• Jumbo Conforming Loans (<= $729,750):
• 30Yr. Fixed: 6.125% / 6.125% APR
• 15Yr. Fixed: 5.875% / 5.875% APR

• Jumbo Loans (>$729,750):
• 1/1 ARM: 4.85% / 4.85% APR
• 3/1 ARM: 5.05% / 5.05% APR
• 5/1 ARM: 5.75% / 5.75% APR
• 7/1 ARM: 6.0% / 6.0% APR

Purchase loan rates may be better, call Sandy for a quote

Restrictions apply, certain loan amounts, credit score, and loan to value are required. Subject to lender qualification and approval. Rates are subject to change without notice. CA broker license #01525887.

It’s time to check your current loans, perhaps it would pay to refi. 

If you are thinking of buying (it is a Buyer’s maket) this is a great opportunity to lock-in very low rates for 30 years.