Monday, August 18, 2008

Average Mortgage Rates 8/18/08

NATIONAL OVERNIGHT AVERAGES
Conventional Loan: These averages include 1.75% discount point, origination fee of $795, $400 appraisal, Title Fees, assumes 20% equity, Loan size of $160,000, Credit Score of 720.
FHA Loan: .35% higher in rate, 1.375% discount point, $795 origination fee, $150,000 Loan size, 600 credit score, 3% equity, $400 Appraisal, Title Fees

30 yr fixed mtg
6.40%

15 yr fixed mtg
5.92%

5/1 ARM
5.89%

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