Interest Rates

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(408) 383-6039

SUE ELLIOT
Mortgage Loan Agent
Santa Clara Valley Morgage
3880 S. Bascom Avenue
Suite 115
San Jose, CA 95124
Office: (831) 429-9126
Cell: (408) 888-9865
Fax: (831) 429-9103
info@sueelliott.com

Interest Rates

UP OR DOWN

The latest on interest rates...

As of this date, rates are fluctuating in a narrow range.

The average Adjustable Rate Mortgage (ARM) is around 4.25 percent.

The average Fixed Rate Mortgage ranges between 5.875 and 6.375 percent.

These rates are accurate as of this posting, are given for information purposes only and may change by the time you read this.

However, they are a good indication of where the market is headed.

If you have any questions, please call me.

For the kind of service that accomplishes what you want and need to accomplish - with experience and expertise backing it up - and for answers to today's real estate financing questions and opportunities, call today!

"The key consideration for people pondering an ARM is how long they intend to remain in a house. Some popular ARMs carry a fixed rate during their first three, five, seven or ten years, making them a good choice for homeowners who plan to move in a relatively short period. These so-called hybrid ARMs generally aren't a good idea if you plan to stay put. Other ARMs adjust every year or less, making borrowers more vulnerable to short-term swings in interest rates." [Ruth Simon, The Wall Street Journal Sunday]

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