Fed Lowers the Federal Funds Rate, again... Orange County Real Estate - current interest rates

• Discount Rate 2.5%
• Fed Funds Rate 2.25%
• LIBOR 2.56%
• Prime 5.25%

Short term rates continue to drop and will remain favorable for some time to come. Most LIBOR based margins are in the 1.75-2.25% range, resulting in a fully indexed LIBOR rate of 4.31-4.81%. Additionally, Bankers Funding, with their association with Wells Fargo, can offer PRIME based home equity lines of credit at rates as low as PRIME minus .850%, resulting in a rate of 4.40%. Of course, the HELOC's are driven by FICO and the amount of equity in the property. The above assumes the best case scenario.

With fixed rates on the rise, buyers may want to consider a 5/1 ARM or adjustable rate mortgage.

For more information, please contact Nate Lindsey with Bankers Funding. He can be reached at (714) 394-0506 or by email at nathaniel.j.lindsey@bankersfundingcompany.com. Don't forget to tell him that you found him on Sandra's Blog!