Stay tuned while I fiddle with this thing and get her up and running next week.
Enjoy the weekend.
Friday, June 11, 2010
Monday, March 30, 2009
Sorry for the silence....busy as a Beaver with no tail
A 6'6'" Realtor walks into my office and says, " Post some rates"
I post some rates....all 0 points as of 3/30/2009
Conforming 30 yr fixed - 4.75%
Conforming 20yr fixed – 4.75%
Conforming 15 yr fixed – 4.625%
Jumbo conforming 30 yr fixed (under 511k in CT ) – 4.875%
These rates are assuming the following:
720+ middle score
Full Doc
SFR (not condo or co-op)
No Cash out (on a refi)
O/O (owner occupied)
75% LTV or lower
Jumbo rates (over 511k in CT ).
The maximum loan to value is 80% up to 1mm and can go to 80% LTV up to 1.5mm for .125% higher in rate then what is showcased below.
5/1 ARM – 4.875% up to 1mm (5.0% up to 1.5mm and 5.25% up to 3mm)
5/1 ARM i/O – 5.125% up to 1mm (5.25% up to 1.5mm and 5.375% up to 3mm)
7/1 ARM – 5.125% up to 1mm (5.25% up to 1.5mm and 5.375% up to 3mm)
7/1 ARM I/O – 5.375% up to 1mm (5.50% up to 1.5mm and 5.625% up to 3mm)
10/1 ARM – 5.375% up to 1mm (5.50% up to 1.5mm and 5.625% up to 3mm)
10/1 ARM I/O – 5.625% up to 1mm (5.75% up to 1.5mm and 5.875% up to 3mm)
30 Yr fixed – 5.75% up to 1mm (5.875% up to 1.5mm and 6.0% up to 3mm)
30 YR Fixed I/O – 6.0% up to 1mm (6.125% up to 1.5mm and 6.25% up to 3mm)
Good stuff !
I post some rates....all 0 points as of 3/30/2009
Conforming 30 yr fixed - 4.75%
Conforming 20yr fixed – 4.75%
Conforming 15 yr fixed – 4.625%
Jumbo conforming 30 yr fixed (under 511k in CT ) – 4.875%
These rates are assuming the following:
720+ middle score
Full Doc
SFR (not condo or co-op)
No Cash out (on a refi)
O/O (owner occupied)
75% LTV or lower
Jumbo rates (over 511k in CT ).
The maximum loan to value is 80% up to 1mm and can go to 80% LTV up to 1.5mm for .125% higher in rate then what is showcased below.
5/1 ARM – 4.875% up to 1mm (5.0% up to 1.5mm and 5.25% up to 3mm)
5/1 ARM i/O – 5.125% up to 1mm (5.25% up to 1.5mm and 5.375% up to 3mm)
7/1 ARM – 5.125% up to 1mm (5.25% up to 1.5mm and 5.375% up to 3mm)
7/1 ARM I/O – 5.375% up to 1mm (5.50% up to 1.5mm and 5.625% up to 3mm)
10/1 ARM – 5.375% up to 1mm (5.50% up to 1.5mm and 5.625% up to 3mm)
10/1 ARM I/O – 5.625% up to 1mm (5.75% up to 1.5mm and 5.875% up to 3mm)
30 Yr fixed – 5.75% up to 1mm (5.875% up to 1.5mm and 6.0% up to 3mm)
30 YR Fixed I/O – 6.0% up to 1mm (6.125% up to 1.5mm and 6.25% up to 3mm)
Good stuff !
Monday, March 16, 2009
"Don't get caught watching Treasuries Today"
That is the quote of the day from my guy in pricing. He means that while bonds are rallying a bit, Mortgage backed securities are only benefiting slightly. Rates remain where they were Friday and locking in still seems like a good play. More after the strike of noon.
Thursday, March 12, 2009
Rates improved yesterday...
30 year fixed rates re-priced lower yesterday after a successful treasury auction. It was a dicey time for rates as the stock market was rallying and the 10 year note had increased over 3.0....For now the pressure is off and rates should continue to hover at 5%. For now.....
Wednesday, March 4, 2009
All that bluster...
Mortgage rates go nowhere amid all the headlines. If your value has dipped contact the company servicing your loan for information on a modification.
Tuesday, March 3, 2009
Rates move sideways...
Interest rates remain where we left off yesterday. Stocks are positive this morning putting a little strain on the bond market. Overall rates are fantastic and bouncing between 5-5.25% on a 30 year fixed!
Monday, March 2, 2009
Mortgage Rates Improving
Stocks are headed south and world economies are tanking...but mortgage rates are improving!!!
Always a silver lining. Look for slightly better rates ahead as Mortgage Backed securities improve this afternoon...
Always a silver lining. Look for slightly better rates ahead as Mortgage Backed securities improve this afternoon...
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