Once again, long term mortgage rates have dropped.
Here is a snap shot of rates as of May 26, 2005:
30 year fixed (conventional)
- 5.75% (0 points)
- 5.625% (1/2 point)
- 5.50% (1 point)
15 year fixed (conventional)
- 5.375% (0 points)
- 5.25% (1/2 point)
- 5.125% (1 point)
5 Year Interest Only ARM
- 5.375% (0 points)
- 5.25% (1/2 point)
- 5.00% (1 point)
This is just a sample; if you have any questions about a specific rate or product, please contact me.
Have a restful and safe Memorial Day Holiday!
Anthony
