Mortgage interest rates had a rather turbulent few days but, in the end, are virtually unchanged from a week ago. Borrowers with good credit and verifiable financial data can expect to find thirty-year fixed rate mortgages (below $417,000) priced at 6.5% to 7.00%, with no discount points or origination fees. Individual pricing will be affected by loan purpose and loan amount. Jumbo mortgages (over $417,000) and reduced documentation mortgages continue to climb in price as a result of the liquidity crunch. Thirty-year fixed rate jumbos are now priced at 8.00% for borrowers who do not wish to pay points.
