04 Aug Sub 4% mortgages are here…
I cannot believe these rates…3.75% for 15 year 4.0% for 30 year fixed — Jumbo at 5.25%…this is amazing. If you are considering buying or selling — this is a great time to do it. With rates this low, your pool of potential buyers or properties expand. Give me a call to discuss your situation in more detail — Tom Anderson / 404-277-9581
3.990% is the new PAR rate for the 30 year fixed product. This rate has held for the second day, with yields remaining steady. Expect the majority of investors to move to the 4% level soon. The FHA/VA fixed money has finally made a move downward. ARMs are still the cheapest money on the board, but it is hard to argue those products over fixed right now. Jumbo money continues to go lower. Bias is floating.
Christensen Financial Inc.
678-373-9974
CONFORMING/ FHA/VA/JUMBO/HELOCS/Commercial,SBA 7(a),USDA
Conforming
(Fully Amortizing)
30 YEAR FIXED @3.990%
20 YEAR FIXED @3.75%
15 YEAR FIXED @3.75%
10 YEAR FIXED @3.75%
3/1 LIBOR FIXED PERIOD ARM @2.625%
5/1 LIBOR FIXED PERIOD ARM @3%
7/1 LIBOR FIXED PERIOD ARM @3.25%
10/1 LIBOR FIXED PERIOD ARM @3.625%
Interest Only
30 Year FIXED @5%
3/1 FIXED PERIOD ARM @2.875%
5/1 LIBOR FIXED PERIOD ARM @3.125%
7/1 FIXED PERIOD ARM @3.5%
10/1 FIXED PERIOD ARM @3.875%
JUMBO
30 YEAR FIXED @5.25%
20 YEAR FIXED @4.7%
15 YEAR FIXED @4.45%
1/1 FIXED PERIOD ARM @2.35%
3/1 FIXED PERIOD ARM @2.75%
3/1 FIXED PERIOD ARM INTEREST ONLY @3%
5/1 FIXED PERIOD ARM @3.35%
5/1 FIXED PERIOD ARM INTEREST ONLY @3.65%
7/1 FIXED PERIOD ARM @4.35%
10/1 FIXED PERIOD ARM @4.75%
Portfolio ARM’s
5/1 FIXED PERIOD ARM @ 3.625%
7/1 FIXED PERIOD ARM @ 3.875%
FHA/VA
30 YEAR FIXED @4.125%
15 YEAR FIXED @3.75%
3/1 FIXED PERIOD TREASURY ARM @3.25%(1-1-5)
5/1 FIXED PERIOD TREASURY ARM @3.25%(1-1-5)
7/1 FIXED PERIOD TREASURY ARM @3.75%(2-2-6)
Rates shown are base rates ONLY, no adjustments added, rate lock period will vary. Rates are subject to change without notice.
Yield spread premium” (YSP) is the money or rebate paid to a mortgage broker for giving a borrower a higher interest rate on a loan in exchange for lower up front costs, generally paid in Origination Fees, Broker Fees or Discount Points. This “may [be used to] wipe out or offset other loan costs.The YSP is derived through the realization of a market ‘price’ for a loan that is above 100%. For example, a $300,000 loan with a price when sold of 101.00% would ‘yield’ a 1% rebate to the originator, it’s important to understand that the term ‘originator’ refers to either a retail bank or mortgage broker.