The Mortgage Bankers Association (MBA) announced their most current data (averages for contract interest rates):
30 Year Fixed Interest Rate (FHA Loans)
= 4.05 % (was 4.03 %);
30 Year Fixed Interest Rate (Conforming Loans, less than $417,500)
= 4.23 % (was 4.23 %);
30 Year Fixed Interest Rate (Jumbo Loans, greater than $417,500)
= 4.59 % (was 4.56 %);
15 Year Fixed Interest Rate = 3.58 % (was 3.54 %);
Source: Mortgage Bankers Association (MBA)
The level of refinance activity was reported to be at 75.9 %
of the total activity for the weekly survey. The level of
refinance activity for week ending November 11th was 77.3 %.
Mortgage Calculator Link
[Posted by Dan Bonner on his real estate and gardening blog,
www.NorthernVirginiaHomesGuide.com












