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Vance Shutes

(734) 476-2063

Real Estate One - Ann Arbor

555 Briarwood Circle #333

Ann Arbor, MI 48108

Licensed in Michigan

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Mortgae Rates Report: August 1, 2008

Mortgage rates should be steady through August

Mortgage rates for August 1, 2008.  Loan amounts up to $417,000:

 

3/1 ARM              5.500%

5/1 ARM              5.625%

7/1 ARM              6.125%

10/1 ARM            6.250%

30 Yr Fixed          6.250%

 

All rates offered to the borrower with 1 point cost.  Rate quotes assume a purchase transaction with a 20% down payment, 720 credit score, and full income qualification.  Rates are subject to fluctuation.  Custom rate quotes and rate lock advice are available by calling (858)-777-9751.

 

MORTGAGE RATE TREND:

 

Next 7 days:       Slightly Lower

Next 30 days:     Slightly Lower

Next 3 months:   Neutral


This mortgage rates report is offered courtesy of Brian Brady.  Contact Brian for more information about a home loan or apply online.



http://www.salinemichiganrealestate.com/004058
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Posted on August 01, 2008 10:05:55 by Brian.Brady - View Profile
Posted in Main category, Main category, Mortgage Rates Report, Buyer, Financial Center

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