Charleston mortgage report, March 31, 2010
This is an excellent day to introduce a new regular feature, The Charleston Mortgage Report, because it coincides with the end of the Federal Reserve's program of purchasing mortgage backed securities and everyone wants to know where mortgage rates are heading.
As you will see in a minute, mortgage rates have ticked up just a little but are still outstanding by any measure in the long term. And while most people do expect rates to rise, in my opinion, they will but they won't be going up by any significant amount tomorrow just because the Fed is no longer in the market. And most forecasts call for rates to go up by about a half percentage point between now and the end of the year.
I'd like to introduce you to one of my favorite (and most reliable) mortgage lenders in the Charleston real estate market, Keri Pries with WR Starkey Mortgage. Keri will be providing mortgage rate information for you on Friday of each week. (Yep, today's only Wednesday but Friday is a holiday.)
| Today's Mortgage Rates | |
| 30 yr conventional | 5.125% |
| 15 yr conventional | 4.625% |
| FHA/VA | 5.000% |
| 5/1 ARM conventional | 4.250% |
| 30 yr JUMBO | 6.000% |
| 5/1 ARM Jumbo | 5.000% |
This is just a small sample available of rates and products. This is not a guarantee nor is it a commitment of interest rate. Rates and available programs may change at anytime.
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Keri Pries
Senior Loan Officer
WR Starkey Mortgage
843.810.2780
email
LoansWithKeri