Mortgage Rates for August 1, 2008

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