It’s Friday again..and today’s rates are… July 6, 2007

AvatarHere are current mortgage interest rates as of today, July 6, 2007:

Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).

Conforming rate quote below based on owner occupied with minimum credit scores of 680 with an 80% loan to value or lower. Rates quoted are priced based on a 30 day lock with 1 point and there are no prepayment penalties on any of the rates quoted below.

30 Year Fixed: 6.665% (APR 6.689%). Payment per $1000 = $6.43.

30 Year Fixed with 10 Year Interest Only: 6.870% (APR 6.806%). Payment per $1000 = $5.73.

40 Year Fixed: 6.90% (APR 6.991%). Payment per $1000 = $ 6.23.

7/1 ARM: 6.4380%% (APR 6.542%). Payment per $1000 = $6.30.

5/1 ARM: 6.392% (APR 6.454%). Payment per $1000 = $6.26.

5/1 ARM with 10 Year Interest Only: 6.390% (APR 6.370%). Payment per $1000 = $5.25.

JUMBO (Non-Conforming) Rates.

Pricing is based on the same criteria above, with the exception that the loan amount is $417,001-$650,000 (20% down).

30 Year Fixed: 6.75% (APR 6.882%). Payment per $1000 = $6.49.

30 Year Fixed with interest only payments: 6.875% (APR 6.980% ). Payment per $1000 = $5.73.

40 Year Fixed: 6.870% (APR 6.953%). Payment per $1000 = $6.13.

5/1 ARM: 6.06% (APR 6.174%%). Payment per $1000 = $6.05.

5/1 ARM with 10 Year interest only payments: 6.155% (APR 6.274%). Payment per $1000 = $5.20

To receive your pre-approval, call me at 602-697-4165.

[tags]real estate financing[/tags]

Jonathan Dalton

Jonathan Dalton is a 40-plus-year resident of the Valley and has been helping folks buy and sell homes since 2004. He can be reached at 602-502-9693 or info at allphoenixrealestate.com.

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