I just got this information from my loan agent today.
The 30 years fixed Jumbo conforming mortgage interest rate today (11/26) is at 5.625%.
You might even get a lower rate at 5.5% if your Loan-To-Value (LTV) is less than 75%.
It is great to see that the mortgage rate started to drop finally. Hopefully it will make the money starts flowing again in the financial market.
Wednesday, November 26, 2008
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