Mortgage Rates Hit a 30 year low.

Posted by Greg Smith on Thursday, December 18th, 2008 at 7:22pm.

Today we saw a significant drop in Mortgage rates and many homeowners are taking advantage of the low rates to lower their monthly payments or to combine the low rates with some great values we are seeing in the market to move forward with a new home purchase.  These are the lowest rates we have seen in over 30 years for fixed 30 year conforming loans.  If you are thinking of refinancing or just have questions shoot our friends Nick Bertrand or Cheryl Coleman at Colorado Mortgage Alliance an Affiliate of Wells Fargo a Call at 303-499-9880

 

Wells Fargo Rates 12/08/2008

Product

Interest RateAPR
Conforming1 Loans
40-Year Fixed7.250%7.462%
30-Year Fixed4.750%4.960%
20-Year Fixed5.000%5.289%
15-Year Fixed4.875%5.241%
5-Year ARM5.750%5.107%
 
Greg Smith

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