Sonoma County Mortgage Interest Rates Relatively Unchanged From Last Week
May 22nd, 2009 categories: Buyer Resource, Mortgage Rates
The mortgage markets were relatively stable this week, with little change in Mortgage Interest Rates. There was no big news in the financial markets that would cause any rise or decline in prevailing mortgage rates. Each week we will update the prevailing mortgage rate situation, to give a general guide of where rates are. Please note that mortgage interest rates can fluctuate throughout the day.
The following rates were quoted for a sample conforming loan with the following criteria: $300,000 Loan Amount | 80% LTV (Loan To Value) | 680+ FICO Score
15 Year Fixed Rate Mortgage – 4.375% (4.552% APR)
30 Year Fixed Rate Mortgage – 4.75% (4.848% APR)
1 Year Adjustable Rate Mortgage (1 Year ARM) – 4.125% (4.417% APR)
5/1 Adjustable Rate Mortgage (5/1 ARM) – 4.250% (4.219%APR)
7/1 Adjustable Rate Mortgage (7/1 ARM) – 4.375% (4.449% APR)
* DISCLAIMER: These mortgage interest rates are quoted at a specific time, 05.22.2009. Interest rates are subject to change upon changes in market conditions and borrower qualifications.
These mortgage rates were taken from an online survey of typical Sonoma County Mortgage Rate offerings from local lenders for typical loan terms. These mortgage rates would apply too all types of properties you may qualify for, from Santa Rosa Homes For Sale to Rohnert Park Condos For Sale.
Very helpful information to assist me in getting a good rate! We all need that nowadays! Thanks!