According to Jeff Jensen of CT Home Mortgage, this week's Mortgage Lending Rates are as follows as of 11/12/09:
Conforming 30 Year fixed rate is 5.-5.25%
Jumbo 30 year Fixed rate is 5.75%
5/1 ARM is 4.375%
5/1 Adjustable I/O rate is 4.625%
Jumbo 15 Year Fixed rate is 4.75%
A mortage is usually secured by real proprerty being purchased and sometimes through personal property.
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