The Mortgage Bankers Association (MBA) announced their most current data (averages for contract interest rates):
30 Year Fixed Interest Rate (FHA Loans)
= 3.98 % (was 4.05 %);
30 Year Fixed Interest Rate (Conforming Loans, less than $417,500)
= 4.18 % (was 4.23 %);
30 Year Fixed Interest Rate (Jumbo Loans, greater than $417,500)
= 4.52 % (was 4.59 %);
15 Year Fixed Interest Rate = 3.53 % (was 3.58 %);
Source: Mortgage Bankers Association (MBA)
The level of refinance activity was reported to be at 76.0 %
of the total activity for the weekly survey. The level of
refinance activity for week ending November 25th was 73.9 %.
Mortgage Calculator Link
[Posted by Dan Bonner on his real estate and gardening blog,
www.NorthernVirginiaHomesGuide.com