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MORTGAGE RATE TREND

Prime Rate Predictions:

We will update predictions after each fed meeting.

2007:
Fed. Meeting

Actual PRIME RATE

We Predicted Prime Rate

January 30/31

8.25%

8.25%

March 20/21

8.25%

8.25%

May 9

8.25%

8.25%

June 27/28

8.25%

8.25%

August 7

8.25%

8.25%

September 18

7.75%

8.00%

October 30/31

7.50%

7.50%

December 11

7.25%

7.25%

  

Mortgage Rate Predictions:

 
Arrows indicate

--rates will move higher  --rates will move lower  --rates will remain unchanged

+/- --change from previous week.

 

CONVENTIONAL LOAN- Loan Amount to:$417,000

  • $417,000 for single family mortgage
  • $533,850 for mortgages on two-family properties
  • $645,300 for mortgages on three-family properties 
  • $801,950 for mortgages on four-family properties
  •  
    Loan Program

    +/-

    Monday
    Dec.17

    Tuesday
    Dec.18

    Wednesday
    Dec.19

    Thursday
    Dec.20

    Friday
    Dec.21

    40y Fixed Mortgage

    6.500%

    6.625%

    6.625%

    6.500%

    6.625%

    30y Fixed Mortgage

    6.000%

    6.000%

    6.125%

    6.125%

    6.125%

    20y Fixed Mortgage

    6.000%

    6.125%

    6.000%

    6.000%

    6.125%

    15y Fixed Mortgage

    5.750%

    5.875%

    5.750%

    5.875%

    5.750%

     
     

    ARM Programs

    Loan Program               

    +/-

    Monday
    Dec.17

    Tuesday
    Dec.18

    Wednesday
    Dec.19

    Thursday
    Dec.20

    Friday
    Dec.21

    3 YEAR LIBOR

    5.375%

    5.375%

    5.500%

    5.500%

    5.500%

    5 YEAR LIBOR

    5.875%

    6.000%

    6.125%

    6.000%

    6.000%

    7 YEAR LIBOR

    6.125%

    6.000%

    6.125%

    6.125%

    6.125%