It is a good morning to be looking at homes, spring has sprung around central Ohio and with low rates on top of the $8,000 first-time home buyers credit there are a lot of good things about buying a house today.
These rates are provided as a reference and can change without notice, please contact Fifth Third Mortgage or Countrywide Bank for all the details.
| Bank | Loan Type | Rate* |
|---|---|---|
| Fifth Third Bank | Conventional 30 Year Fixed | 4.750% |
| Fifth Third Bank | Conventional 20 Year Fixed | 4.750% |
| Countrywide Bank | Conventional 15 Year Fixed | 4.375% |
| Fifth Third Bank | Conventional 15 Year Fixed | 4.625% |
| Countrywide Bank | FHA 30 year Fixed | 4.750% |
| Fifth Third Bank | FHA 30 Year Fixed | 5.000% |
| Countrywide Bank | FHA 30 YEAR FIXED (with 1% originationn fee) | 4.750% |
| Fifth Third Bank | FHA 3-1 ARM | 4.250% |
| Fifth Third Bank | VA 30 Year Fixed | 4.875% |
| Fifth Third Bank | VA 15 Year Fixed | 4.500% |
| Fifth Third Bank | USDA | 5.000% |
| Fifth Third Bank | OHFA (with downpayment assistance) | 6.125% |
For more information contact Bill Channell (614.563.9845 or william.channell@53.com) at Fifth Third Mortgage or Dennis Reed (614.778.8185 or dennis_reed@countrywide.com) at Countrywide Bank for more information.
* – rates were trasnferred from e-mails and the details are subject to change at any time. Contact Bill or Dennis for more information.
Hopefully the fed will keep buying mortgage paper and treasuries and moves rates under 4.5%. As we past through 5% we have hit the point to make it compelling for people to buy homes. The market can repair itself with these rates and truly available morgtgages. I believe the fed is committed to do this, I been blogging to 6 months for this to happen and it is. It is a great time to buy historically. I see it perking up already. Some areas of the country are setting high volume records!