Interest Rate News for December 8, 2009

Rates are currently at 4.75 at .75 point for amounts up to $417,000.  Rates on 15 year are at 4.25% at .5% points.

For loans between $417,000 and $567,500 they’re at 5% at .5.

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

Rates will pretty much be set by what the stock market is doing.   Inflation numbers come out next week, they should be positive.  Just my opinion and I could be wrong.

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