The Mortgage Bankers Association (MBA) announced their most current data (averages for contract interest rates):
30 Year Fixed Interest Rate (FHA Loans)
= 4.11 % (was 4.12 %);
30 Year Fixed Interest Rate (Conforming Loans, less than $417,500)
= 4.33 % (was 4.33 %);
30 Year Fixed Interest Rate (Jumbo Loans, greater than $417,500)
= 4.68 % (was 4.64 %);
15 Year Fixed Interest Rate = 3.62 % (was 3.61 %);
Source: Mortgage Bankers Association (MBA)
The level of refinance activity was reported to be at 77.3 %
of the total activity for the weekly survey. The level of
refinance activity for week ending October 14th was 77.6 %.
Mortgage Calculator Link
[Posted by Dan Bonner on his real estate and gardening blog,
www.NorthernVirginiaHomesGuide.com












