Good morning everybody,
Though the bond market took a beating on Friday, Conforming, FHA & even Jumbo rates dipped slightly this week. For yet another week... be sure to check out 80% LTV, 5/1 Interest Only Jumbo ARM loan at 5.725% to $1.5 Million!! Hey... prices continue to drop, and buyers are starting to take advantage of the bargains and are out there making offers!!
Each week new reports abound of how the Big Lenders are continuing to have problems! So far there doesn't seem to be any resolution.
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Kristin Devlin
Orange County News
