Check out the Weekend Rates provided by Covenant Mortgage Corporation:
Conforming Loans: Loan amounts $417,000 & under
30 Year Fixed - 6.00%
15 Year Fixed - 5.375%
30 Year FHA - 5.875%
Jumbo Loans: Loan amounts over $417,000
7/1 ARM - 6.50%
10/1 ARM - 6.75%
30 Year Fixed - 7.125%
For more information regarding rates and the various loan options now available, visit
www.mycovenantmortgage.com.
"Average mortgage rates were up for all loan products reported," said Frank Nothaft, Freddie Mac vice president and chief economist. "However, for the first 11 weeks so far this year, the average 30-year fixed rate is still below 5.9 percent, and the average 30-year rate in January was the lowest since July 2005.
"The combination of lower house prices and lower mortgage rates contributed to a more affordable market for homebuyers. The National Association of Realtors® reported that January's Pending Home Sales Index held unchanged from December, contrary to the consensus expectation of a 1 percent slide, signaling that existing home sales in February could hold steady from January's level."
If you would like help with your next real estate transaction, please contact our team at
Vanderhoff Real Estate today. We can be your bridge to success!