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Interest Rates
Updated:
Mortgage Loans
30 Year Fixed Rate
 6.19%6.32% APR
15 Year Fixed Rate
 5.86%6.11% APR
7/1 ARM Rate
 5.91%6.88% APR
5/1 ARM Rate
 5.93%6.90% APR
3/1 ARM Rate
 5.95%7.10% APR
1/1 ARM Rate
 5.55%6.90% APR
6 Month ARM Rate
 5.62%6.97% APR
Interest Only
 6.40%6.53% APR
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Loans Online
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30 Year Fixed Jumbo
 6.47%6.47% APR
15 Year Fixed Jumbo
 6.47%6.47% APR
7/1 ARM Jumbo
 6.11%6.11% APR
5/1 ARM Jumbo
 6.13%6.13% APR
3/1 ARM Jumbo
 6.21%6.21% APR
1/1 ARM Jumbo
 5.56%5.56% APR
6 Month ARM Jumbo
 5.63%5.63% APR
30 Year Interest Only
 6.40%6.53% APR
FHA 30 Year Fixed
 6.35%6.48% APR
FHA 1/1 ARM
 6.21%7.39% APR
VA 30 Year Fixed
 6.35%6.49% APR
40 Year Mortgage
 6.40%6.53% APR
Prime Rate
 8.25% 
Fed Discount rate
 6.25% 
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Mortgage News Articles
 

The US Supreme Court's June 23, 2005 decision in Kelo et. al. v City of New London, Connecticut has put a burr under the saddle of legislators from Washington, D.C. to California.

Kelo v New London upheld the right of that Connecticut city to take, under the right of eminent domain, property in its Fort Trumbull neighborhood to enable construction of a large development containing a hotel and conference center, private residences, shopping and restaurants, a marina, offices and research facilities. The project is ancillary to an otherwise unrelated research park recently constructed for Pfizer Pharmaceuticals. The 'condemned' area was largely residential and in no way blighted or crime ridden, conditions which, under a much earlier Supreme Court decision, was ruled as justification for taking property to further develop or improve for the public good.

Publish Date: 07/25/2005