Weekend Update August 21

30 Yr Fixed Conforming – 6.625%

15 Yr Fixed Conforming – 6.125%

30 Yr Fixed Jumbo 8.0%

5/1 LIBOR ARM – 5.875% (w/ 1pt)

7/1 LIBOR ARM – 6.25% (w/ 1 pt)

30 Yr Flex 97 – 6.75%

30 Yr FHA – 6.625%

Rates have been stable for about a month now which has been quite nice. Jumbo 30 years are getting harder to find in the 6’s but besides that, we are in pretty good shape.

To reiterate some past week’s updates, the value of the US dollar is rising as oil continues to come down in price along with all the other commodities, seller funded DPA is pretty much a thing of the past, and the $7500 tax rebate/loan is getting more bad press.

Links:

http://www.cnbc.com/id/26197071