Hi all!

This is going to be a short post today--with getting ready for Christmas, like most people, and having too much on my plate, I managed to get the flu so am trying to get over it before family arrives for the holidays!

Anyway, I did receive an email from one of my lender contacts showing interest rates for today. Keep in mind that not every lender/mortgage broker will have the same rates on the same day, but this still gives you an idea of what's out there.

Getting a loan at 5 percent interest today is EXCELLENT, so if you're considering purchasing, don't hesitate! Now is the time to buy before rates begin rising!

CONVENTIONAL-30 years-4.875% with .875 points/5.250% with 0 points.
15 years-4.750% with 1.000 points/5.000% with 0 points.

JUMBO-30 years-7.500%% with 1.000 points/8.125% with 0 points.
15 years-7.625% with 1.250 points/8.000% with 0 points..

ARM'S-3/1 ARM-5.500% with 0 points/ 5/1 ARM-5.500% with 0 points/ 7/1 ARM-6.500% with 0 points.

GOVERNMENT(VA & FHA)-30 years-5.125%% with 1.000 points/5.500% with 0 points.
15 years-5.500% with 0 points.

INTEREST ONLY-3/1 ARM-6.500% with 0 points/ 5/1 ARM-6.250% with .375 points/ 7/1ARM-6.500% with .250 points.

RURAL DEVELOPMENT-30 years-5.500% with 0 points.

CONSTRUCTION/PERM-5.500% with 0 points.

BOND- 6.75% with 0 points-First Florida-(FHA/VA/RD) with down payment/closing costs assistance.
6.50% with 0 points-Community Heros(FHA/VA/RD) with down payment/closing costs assistance.
6.25% with 0 points-Florida Advantage(FHA/VA/RD) with down payment/closing costs assistance.

Stay healthy and enjoy the holidays!