Posted to: For Buyers

Rate Watch from Gwen & Rhoda


Here is the latest and greatest from a pair of super cool mortgage brokers, Gwen Hoople & Rhoda Paul of Holmgren Mortgage in Oakland.

“Mortgage rates increased last week despite news that the economy will be in an extended recession and a jobs report that was weaker than expected. Stocks surged Monday in a positive response to progress on a potential rescue of the Big Three auto makers, as well as news of President-elect Obama’s stimulus plans. Rates normally rise when the stock market rises, but are relatively unchanged since last week. We are receiving many calls from consumers asking about the Treasury plan to reduce mortgage rates to 4.5%, but so far no information has emerged about what this means, who it will apply to, and other critical details.”

30 Year Fixed Conforming: 5.625%/5.662%APR
30 Year Fixed Agency-Jumbo: 6.000%/6.024%APR
5 Year Fixed Conforming (1 Point): 5.375%/5.435%APR
5 Year Fixed Int. Only Conforming (1 Point): 5.500%/5.456%APR
5 Year Fixed Int. Only Jumbo (1 Point): 5.750%/5.477%APR


2 comments for “Rate Watch from Gwen & Rhoda”

  1. I recently came across your blog and have been reading along. I thought I would leave my first comment. I don’t know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.


    Posted by donald | December 12, 2008, 9:16 pm
  2. Betty, thanks so much for stopping by! Feel free to leave a comment anytime. ~Krista

    Posted by Krista Miller | December 16, 2008, 5:57 pm

Post a comment

Welcome to East Bay Living Real Estate

Hi friends! We are Krista + Rosie, the brains behind the East Bay Living website. Powered by Berkeley Hills Realty we are a top producing real estate team working {and having fun} in Berkeley, Oakland and the surrounding areas. From buying + selling to DIY + home decor to plumber + gardener recommendations we are your one-stop-shop for all things real estate.

Recent Posts

Food Drive For The Alameda Community Food Bank
November 1, 2017
By Krista Miller
The Heat of the Market
October 4, 2017
By Krista Miller
Albany September Market Stats
October 2, 2017
By Krista Miller
Peaceful Retreat in the Heart of Hercules
September 27, 2017
By Krista Miller
2 Open Houses Today 
June 18, 2017
By Krista Miller