Rates To Go Down
As of February 11, 2005
According to Sutton Mortgage Corp., the predictions by the experts are that interest rates will go down. The expected bank prime rate will be 4% by mid-year and remain there until the end of 2005.
Current Rates For Sutton Mortgage Corp.:
Variable 3.5%
1 yr.; 3.70%
2 yr.; 4.0%
3 yr.; 4.39%
4 yr.; 4.57%
5 yr.; 4.70%
7 yr.; 5.07%
10 yr.; 5.45%
Bank rates are at least 1% or more than Sutton's posted rates, and at the 7 & 10 year range they are higher by 2% or more.
posted by Sandra Enriquez @ 8:05 PM
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