Financing

Mortgage Rates

"With bond yields rising over .2% from 1.19% 4 weeks ago to 1.36% today, many lenders have warned of rate increases," says Kyle Green of Mortgage Alliance (778-373-5441, kgreen@mortgagealliance.com).

"Last week we saw a few of the lenders under 2.89% for 5 yr terms raise their rates to fall in line with most of the other major banks, but surprisingly most lenders are still offering 2.89% - it's just that anything below 2.89% applies to a much smaller group of borrowers. If bonds continue to climb it is likely we will see lenders raise their rates slightly from the 2.89% benchmark soon."

		Mortgage Alliance	Posted Rates
1 yr		2.49%	3.50%
2 yr		2.54%	3.55%
3 yr		2.60%	3.99%
4 yr		2.74%	4.29%
5 yr		2.79%	5.14%
7 yr		3.54%	6.35%
10 yr		3.69%	6.75%

May 23, 2012

>> Courtesy of Jurock's Facts by Fax