Thursday, April 21, 2011
Trading this weeks has been low with Passover and Easter Week and many people away on Spring Break. The stock market has been down as our US debt has been downgraded to negative as the government has not solved the budget issues. These issues will cause the interest rates to rise in the future.
Conforming 30 Year Fixed (up to $417,000) are at 4.75% and High Balance ($417,000 to $729,750) are at 4.875% and Jumbo (over $729,750) are at 5.625%. FHA is at 4.5% up to $729,750.