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Interest Rate Update
Week Ending
Friday May 28th 2010
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Click here for rates in other states besides Texas |
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Excellent Credit Scores Are Now A Critical
Requirement ! |
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INTEREST RATE
NEWS
Chairman Bernanke waited as long as
possible for the recent ease so that Libor might move down lock- step with
the Fed's cut, so as to have the intended broad economic effect. Otherwise,
the emergency ease would have only had the effect of "pushing on a string"
if Libor did not decline in tandem. Three-month Libor is now inverted -25bps
to federal funds at 3.25%, versus +30 bps historically and +75bps at the end
of '07. Bernanke's actions deserve the benefit of the doubt until the
outcome of this recent global economic downdraft fully unfolds.
Click Here for Economists Rate Lock Opinion |
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30 Yr Fixed |
4.5% to 5.25% |
APR 4.69%
to 5.61% |
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15 Yr Fixed |
4.375% to 5.0% |
APR 4.58%
to 5.49% |
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30 Yr Jumbo |
6.5%
to 7.75% |
APR 7.49%
to 7.96% |
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Are You an
"Elite Borrower" ?
If your
Credit Scores are in the upper 10% above average you may qualify for our
"Elite Borrower Rates" available ONLY to applicants
meeting my "Private
Client
Group" criteria.
Lower rates may be available to borrowers with higher credit scores and
lower Loan to Values (LTV) on loan amounts over $417,000
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Search for a Realtor by Area of Texas |
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