Mortgage rate information 4-24-08

Rates are higher today resulting from yesterday's upward pressure. Sales of new homes were down 8.5% in March to reflect the lowest level in 16 1/2 years. Meanwhile the median price in March fell 13.3% compared to a year ago. This represents the steepest year over year decline since July 1970. LOAN PROGRAM RATE FEE 30 Yr Fixed (Conforming) 6.125% 0.000 Fixed Jumbo 7.125% 0.000 15 Yr Fixed (Conforming) 5.875% 0.000 Second 8.750% 0.000 This is not what any of us want to hear but it is a realistic view of our little market.