Rates continue at the same levels and although volatile, are moving up and down in range daily. Conforming 30 Year Fixed (under $417,000) is at 4.75%, High Balance ($417,000 to $729,750) is at 4.875 and Jumbo (over $729,750) is at 5.75%.
Remember to get your FHA buyers locked into a property and open escrow prior to April 18, 2011. After that date, the mortgage insurance rates will go from a factor of .9% to 1.15%. On a $300,000 purchase price, the monthly payment will increase $60 per month. On a $500,000 purchase price, the monthly payment will increase $100 per month.
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