10 Year Treasurey Drops like a stone, Stock Market goes to heck But Interest Rates Fall! Yeah!!
January 2nd, 2008 . by Mike KellyFurnished by our good friend Pete Phillippee of CountryWide Home Mortgages. Bad news in the economy usually equates to great interest rates! Go figure! Investor’s like the safety of Bonds when all around them is chaos. They go into Bonds and drive down rates. Check these out! And even the JUMBOS are looking good!
Remarks: Rates really came down today . . . . .
5.625 at 1 pt for a conforming loan to $417,000
5.25 at 1 pt for a conforming 5/1 interest only for the first five years required
6.5 at 1 pt for a jumbo loan to $1,000,000
6.0 at 1 pt for a jumbo 5/1 interest only for the first five years required
Other programs available , prime still 7.25% for the lines of credit
Phone: 707-521-4406
From: Pete Phillippe cell 707-481-2737
Fax #: Phone:
