Straight Talk & Tech Tips to Online Success

Atlanta Mortgage Rates May 23, 2008

05/23/08 | Jim Greenie | Category: Mortgages

In part from this week’s rally to $135 per barrel, oil prices are now up 50 percent since February. It’s one reason why mortgage rates spiked this week.

Mortgage Interest Rates*

Conforming
30-Year Fixed 5.625%
15-Year Fixed 5.375%
FHA 30- Year Fixed 5.750%
Jumbo 30- Year Fixed 7.125%
5/1 Interest Only ARM 5.125%

*Rates are subject to change due to market fluctuations and borrower’s eligibility.

Inflation has a negative impact to bonds, and rates can climb. I recommend my clients lock at loan application.

Enjoy the long weekend! Jim

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