Rates are currently at 4.625% at 1.125 points for amounts up to $417,000.

For loans between $417,000 and $567,500 they’re at 4.875 at .75%.

Above $567,500 to 600k they are at 5.75%

Rates should start getting more aggressive above $567,500,  it’s all about buyers of bonds feeling more secure.

There have been some appraisal changes since May 1st.  Appraisals now have to be ordered through outside parties with all brokers, so most go through a national service.   Since Golf Savings is a banker broker we can use our own appraisers on a rotating basis.  We still can’t choose a particular one but we have a smaller list of choices.

Rates have been very steady.

Rates are currently at 4.5% at 1.125 points for amounts up to $417,000.

For loans between $417,000 and $567,500 they’re at 4.75 at .75%.

Above $506,000 to $600,000 are at 5.75%.

Rates are at 4.5% now.  My suggestion to people is that if you’re at 6% or above, you should just refinance. Don’t gamble.  For everybody else, it’s up to them to go by their gut and decide when to do it.

Rates for the next week should keep getting better with loan amounts between $417,000 and $567,500 loan amounts.  More investors are showing more interest in the security, which is a good sign.