Check out the Weekend Rates provided by Covenant Mortgage Corporation:
Conforming Loans: Loan amounts $417,000 & under
30 Year Fixed - 5.875%
15 Year Fixed - 5.375%
5/1 Arm - 5.50%
Jumbo Loans: Loan amounts over $417,000
30 Year Fixed - 7.00% (interest only option)
5/1 ARM - 6.375%
3/1 ARM - 5.875%
For more information regarding rates and the various loan options now available, visit
www.mycovenantmortgage.com.
"While prime, conforming rates still remain at historically low levels, long-term mortgage rates did drift slightly upwards this week on signs that the economy may have a little more strength than what financial markets forecasted," said Frank Nothaft, Freddie Mac vice president and chief economist. Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing.
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!