Mortgage Rates for June 27, 2011

Interest rates continue to remain at historical lows, though they are up from where they wee several months ago. If you are looking for a general rule of thumb, as the stock market goes, so do interest rates. The most recent jobs report showed the unemployment numbers decreasing and most other economic indicators have been positive lately which accounts for the rising market and interest rates.

Mortgage Rates for CT
Product	Interest Rates	Annual Percentage Rate	Interest Rate Based on Index + Margin
15 YR Fixed Conforming	3.625%	3.759%
15 YR Fixed Jumbo	4.375%	4.470%
30 YR Fixed Conforming	4.375%	4.519%
30 YR Fixed High Conforming	4.500%	4.555%
30 YR Fixed Jumbo	5.000%	5.116%
30 YR Fixed Super Jumbo	5.250%	5.368%
5/1 (30 Yr) ARM Conforming	2.750% *	3.022%	3.000%
5/1 (30 Yr) ARM Jumbo	3.500% *	3.236%	3.000%
5/1 (30 Yr) Portfolio ARM	3.375% *	3.161%	3.000%

The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 1 point, and a 30 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. Property taxes and homeowners insurance are estimates and subject to change.