Weekly interest rates as of July 20, 2008
Conforming < 417,000,
3 year fixed 5.75% 1 point
6.0 no points
30 yr. fixed 6.5% 1 point, 6.9% 0 points
Non-conforming ( Jumbo ) > 417,000
Jumbo 3 year fixed rate 6.5 point
7.0 0 points
30 year fixed rate loan 7 .5%, 1 point
7.9 0 points
Required down payment minimum 20% US citizen
Non-US could be 25%, 30%, 40% depending on property, lender, and borrower.
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Rates change almost daily..so check ..
island style
Dan Cronin
Sanibel Community Bank
2475 Library Way
Sanibel, Florida 33957
phone 239-472-6100
fax # 239-472-5678
email Dan at
dcronin@sancapbank.com