Friday June 19, 2009 11:30 pm ET

Rate Update:

30 yr Conforming ($417,000 loan amount cap)......... 5.375%

30 yr Fha ($346,250 loan amount cap).................... 5.500%

30 yr Jumbo........................................................... 5.750%

The above are base rates for purchase transactions. Client quotes are determined during an individual consultation taking in consideration credit score, loan amount, down payment, origination fee, points, closing cost and the lock in term which will constitute disclosing an apr and closing cost work sheet. Rates and Market updated provided to me by Kathy Vitali, Sr. Loan Officer, Bank of America Home Loans.