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Monday, May 11, 2009

Mortgage Rates Update

A snap shot of rates from the close of last week.

Rates closed last week at 5% with 0 points for FHA and VA loans at
$417k and below.
5% with 1 point for FHA and VA loans above $417k.
The FHA loan limit is $729,750 and the VA loans are allowed up to $812k in
our marketplace with 0 down assuming full eligibility.
Conventional loans at and below $417k closed at 5% with 0 points
and the Conventional loans between $417k and $729,750 are 5.375% with 0

Rob Clark, Preferred Mortgage


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