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Tuesday, August 26, 2008

Weekly rate round ups…

The national average of JUMBO mortgage rates on bankrate.com is down slightly this week.

30 yr Fixed Jumbo = 7.45% Prior week = 7.49%

5/1 JUMBO ARM = 6.38% Prior week = 7.49%


Rates are coming down a little this week, due to a dip in the 10yr treasury bond. I’m expecting the same for next week, rates should be around 7.40%

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