Breaking News Mortgage rates drop sharply after bailout plan

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Arkansas Mortgage Rates 10/06/2008

Loan Type Today +/- This week
30 Yr Fixed 6.10% 0.07
15 Yr Fixed 5.96% 0.05
5/1 ARM 6.08% 0.04
30 Yr Fixed Jumbo 7.14% -0.28
5/1 ARM Jumbo 7.01% 0.03

Rates may contain points

Conforming

For loan amounts up to $417,000 (APR based on $400,000)

VA

Loans for Veterans up to $417,000 (APR based on $200,000)

FHA

Loan limits vary by state (APR based on $150,000)

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