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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
Loans Direct
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
 

Existing Homes Sales Up for Second Straight Month

The National Association of Realtors (NAR) announced today that existing home sales for November were 0.6 percent higher than in October. This was the second consecutive month-over-month increase following decreases from February through September. Experts believe this is an indication that the housing market has stabilized and stands to improve in 2007.

Loans Chief Economist Bob Walters says existing home sales are slowly starting to rebound with good reason. "Long-term interest rates are as low as they have been all year and the inventory of unsold homes on the market has caused many sellers to greatly reduce their prices," says Walters. "These two factors, and an economy which is steadily adding jobs each month, are major factors driving purchase activity."

Publish Date: 12/28/2006