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Sacramento Mortgage Rates: Comparison on New Conforming Loan Rates
Lenders have finally begun pricing the new Jumbo Conforming Loans. So far, Fannie Mae will only be accepting delivery of the 30 year fixed on April 1, with the 5/1 ARM on May 1. Here is a comparison of the a) normal conforming 30 yr fixed, b) the new jumbo conforming 30 yr fixed, and c) the regular jumbo 30 year fixed, all from the same lender’s rate sheet today at 3pm.
a) 5.5% at 1 point / 5.875% at zero points
b) 6.5% at 1 point / 6.875% at zero points
c) 7.5% at 1 point / 8.000% at zero points
Similarly, here are the d) traditional FHA and e) new Jumbo FHA 30 yr fixed rates:
d) 5.750% at 1 point
e) 6.625% at 1 point
April 18th, 2008 at 4:37 pm
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