Current Mortgage Rates:
30-year fixed to $417,000 4.625% 0 points 4.655% APR
30-year fixed to $729,750 4.75% 0 points 4.775% APR
FHA 30-year fixed to $729,750 4.375% 0 points 4.401% APR
Jumbo 30-year fixed 5.125% 0 points 5.142% APR
Recovery On The Way
According to the median forecast of 67 economists polled by Bloomberg News from June 1 to June 8, slowdowns in consumer spending and employment will prove temporary, giving way to a U.S. growth rebound in the second half of 2011.
After growing at a 2.3% annual pace this quarter, the world’s largest economy is forecast to expand at a 3.2% rate from July through December.
Rising exports, stable fuel prices, record levels of cash in company coffers and easier lending rules will be enough to overcome the damage done by one-time events like poor weather and the disaster in Japan, economists said.
Mark Greene | Mortgage Loan Originator NMLS 350534Real Estate Mortgage Network, Inc.
70 Grand Avenue, Suite 109 River Edge, NJ 07661 O: 201-298-6888 | F: 201-621-4390 I C: 973-783-6970 E: mgreene@remn.com | www.markgreene.remn.com
Lisa Ziccardi, Sales Associate 