You are currently browsing the Tucson Luxury Homes weblog archives for the day August 24, 2007.
August 24, 2007 by Donna Anderson.
Great news! Conforming loan interest rates are now 6.5% and jumbo loan interest rates are 7%. These are for fixed rate 30 year financing. (Conforming loans are under 417K and Jumbo loans are over 417K). Additionally if you buy a Long listing and utilize a Long Mortgage lender, the first year will be brought down 1%; so for loans under 417K, it would be 5.5% the first year and for higher loans would be 6% the first year! I am so happy I work for Long since it offers such innovative programs that serve its clients so well. Keep in mind this mortgage buydown is only offered through September 15th. What a great time to buy a Long listed house! These low interest rates are pretty much the same rates we saw a year ago. What a difference a week makes!
Posted in Foothills Luxury Homes | No Comments »