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Atlanta Mortage Rate Update May 30, 2008

05/30/08 | Jim Greenie | Category: Mortgages

Atlanta mortgage rates are inching upward as a result of what we are seeing in the fixed-income securities market.

Conforming APR

Payment

per $1000

 Jumbo APR

Payment

per $1000
30-Year Fixed 5.875% 6.013% $5.92 7.25% 7.35% $6.82
15-Year Fixed 5.5% 5.730% $8.17 7.00% 7.16% $8.99
5-Year Fixed ARM 5.25% 5.383% $5.52 5.875% 5.967% $5.92
5-Year Interest Only 5.5% 5.635% $4.58 5.875% 5.967% $4.90

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

Jumbo ARMs are making a comeback. Call my cell phone (404-992-6547) if I can assist over the weekend.

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