Excerpt from: Flagstaff Mortgages
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| August 29, 2007 | | But Jumbo Loan Rates, Required for Many Flagstaff Home Purchases, Are Higher | Loan amounts over $417,000 are so-called jumbo loans. Since the median price of homes in Flagstaff is so much higher than the national median home price, many homebuyers in Flagstaff require jumbo loans. According to Bankrate.com, overnight National Mortgage Rate Averages look like this:
LOAN TYPE TODAY +/- LAST WEEK 30 yr fixed mtg 6.08% - 6.19%
15 yr fixed mtg 5.76% - 5.82%
30 yr fixed jumbo mtg 7.16% + 7.04% About this index | |
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