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Atlanta Real Estate Mortgage Rate Update
05/09/08 | Jim Greenie | Category: Atlanta Real Estate, Mortgages
Mortgage rates ended higher last week on stronger-than-expected jobs data, strong consumer spending, and an appetite for riskier investments.
But, investors were most excited about the Federal Reserve’s hint that its rate-cutting cycle may be over.
Mortgage Interest Rates*
| Conforming | APR |
Payment per $1000 |
Jumbo | APR |
Payment per $1000 |
|
| 30-Year Fixed | 5.63% | 5.76% | $5.76 | 7.25% | 7.35% | $6.82 |
| 15-Year Fixed | 5.25% | 5.48% | $8.04 | 7.00% | 7.16% | $8.99 |
| 5-Year Fixed ARM | 4.88% | 5.01% | $5.29 | 6.88% | 6.97% | $6.57 |
| 5-Year Interest Only | 5.13% | 5.26% | $4.27 | 7.00% | 7.10% | $5.83 |
*Rates are subject to change due to market fluctuations and borrower’s eligibility.
Call my cell phone (404-992-6547) if I can assist over the weekend.
Enjoy the weather! Jim
About the Author: Committed to serving each customer with the highest level of service, integrity and professionalism | No surprises at the closing table | Principal/Mortgage Planner - TriStone Financial.com | 404-943-0101 Post Comments
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