New Jersey Mortage Rates December 20th

By admin | December 20, 2008

My good friend Robert Scarzlla over at Countrywide Bank sent over this New Jersey Home Mortgage rate sheet which is effective December 20th 2008.

Mortgage rates for the purchase of New Jersey homes for sale are really getting attractive along with home prices of course.

Bob works out of the Morristown NJ Real Estate offices of RE/MAX Properties Unlimited.

Countrywide Bank Rates
Effective 12/20/08
Robert Scarzella
908-303-7714

Conforming Loan Amounts Up To $417,00
0 Points 1 Point

30 Year Fixed 4.875% 4.625%

15 Year Fixed 4.750% 4.500%

5/1 ARM 5.250% 5.000%

7/1 ARM Interest Only 5.750% N/A

10/1 Arm Interest Only 5.875% N/A

FHA 30 Year Fixed 5.375% 5.000%

Agency Jumbo Loan Amounts $417,000 to $625,500
0 Points 1 Points

30 Year Fixed 5.250% 5.000%

15 Year Fixed 5.125%% 4.875%

5/1 ARM Interest Only 5.500% NA

30 Year FHA Jumbo 5.500% 5.000%

Rates are subject to change without notice due to market conditions 12/20/08

Thinking of buying a Morris Essex or Union County home, check out the Northern New Jersey MLS Home Search.

Category: Morristown |

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