Friday, October 2, 2009

WOW! 5-Year ARM at 3.875 % Today!

Due to a weak Non-Farm Payroll Report by the Department of Labor this morning, mortgage interest rates are down again. Right now qualified buyers and homeowners can get a 5-Year Adjustable Rate Mortgage (fixed for 5 years) at 3.875% with no discount or origination points added. Most 30-Year Fixed Rate products are in the mid 4% range.

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