Got a rate sheet last week from Bank America, Craig Tiffany.
Quote then was:
Conventional 30 year fixed-rate @ 4.75%
Conventional 15 year fixed-rate @ 3.875%
5/1 ARM @ 3.125%
FHA/VA 30 year fixed-rate @4.75%

Be advised that these rates won’t last forever…they will go up. A rate increase of 1% and if your payment was to stay the same, would mean a reduction of approximately 10% of your loan amount.