Morket Update 8-11-08/Interest Rates
August 11, 2008 by searchmagnolia
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Market Update
The Bond Market has been hammered all morning despite a lack of new economic data and only a small rally in stocks. The conflict in Eastern Europe between Russia and Georgia has some traders worried that the recent slide in oil could come to a halt because of supply disruptions.
The biggest economic data of the week is due out Wednesday when the latest retail sales numbers will be released.
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Mortgage Interest Rates*
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Rates as of Monday, 11th August, 2008:
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Conforming
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APR
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Payment per
$1,000 |
Jumbo
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APR
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Payment per
$1,000 |
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30 Year Fixed
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6.50%
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6.615%
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$6.32
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8.125%
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8.256%
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$7.42
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30 Year Fixed Jumbo Conforming
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6.625%
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6.741%
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$6.40
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6.625%
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6.741%
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$6.40
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FHA
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6.50%
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6.615%
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$6.32
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6.875%
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6.996%
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$6.57
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5/1 ARM
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6.125%
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6.237%
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$6.08
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8.125%
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8.256%
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$7.42
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*Rates are subject to change due to market fluctuations and borrower’s eligibility.
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Windermere Mortgage Services Series LLC, Stacey Drake, Branch Manager/Mortgage Consultant 206-256-0066. 30 Day Pricing with 1% origination Fee, FICO 720+
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