Rates for this Week

update on where rates stand as of today:

Rates took a strange ride last week and ended the week at the highest level
we have seen in months. The FHA and VA loans are now 5.5% with 0 points up
to a max loan of $417k. The FHA and VA loans above $417k are presently
5.5% with 1 point. Conforming conventional loans up to $417k are now 5.5%
with 0 points and the Conforming plus loans are 5.625% with 1 point as of this
morning.
~ Rob Clark, Preferrred Mortgage