Mortgage Information June 7, 2009

Conforming Loans - Full Doc  (up to $417,000) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
30 Year Fixed
Rate 5.25% @ 1 point          Payment per $1,000 = $5.522
Rate 5.75% @ 0 point          Payment per $1,000 = $5.836
 
5 Year ARM
Rate 4.38% @ 1 point          Payment per $1,000 = $4.993
Rate 4.88% @ 0 point          Payment per $1,000 - $5.292
 
High Balance Conforming ($417,001 to $625,500)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
30 Year Fixed
Rate 5.63% @ 1 point          Payment per $1,000 = $5.757
Rate 6.13% @ 0 point          Payment per $1,000 = $6.076
 
5/1 ARM
Rate 4.88% @ 1 point          Payment per $1,000 = $5.292
Rate 5.50% @ 0 point          Payment per $1,000 = $5.678
 
 
Temporary High Balance Conforming ($625,501 to $729,750)
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
30 Year Fixed
Rate 5.88% @ 1 point          Payment per $1,000 = $5.195
Rate 6.50% @ 0 point          Payment per $1,000 = $6.321
 
5/1 ARM
Rate 4.88% @ 1 point          Payment per $1,000 = $5.292
Rate 5.50% @ 0 point          Payment per $1,000 = $5.678
Jumbo (to $5,000,000) ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
30 Year Fixed
Rate 6.50% @ 1 point          Payment per $1,000 = $6.321
 
3/1 I.O. ARM
Rate 4.75% @ 1 point          Payment per $1,000 = $5.217 
Rate 5.25% @ 0 point          Payment per $1,000 = $5.522
 
5/1 I.O. ARM
Rate 4.88% @ 1 point          Payment per $1,000 = $5.292
Rate 5.38% @ 0 point          Payment per $1,000 = $5.600
 
7/1 I.O. ARM
Rate 5.50% @ 1 point          Payment per $1,000 = $5.678
Rate 6.00% @ 0 point          Payment per $1,000 = $6.000
 
10/1 I.O. ARM
Rate 5.50% @ 1 point          Payment per $1,000 = $5.678
Rate 6.00% @ 0 point          Payment per $1,000 = $6.000
 
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ 
 
Adjustable Rate Mortgage (ARM) rates may adjust to higher rate at the end of their fixed rate period. This is not a loan commitment, nor is it guarantee of any kind. This comparison is based solely on estimated figures and information available at the time of production. Interest rate assumes FICO score of 720 or greater, single family dwelling, owner occupied. California Department of Real Estate - real estate broker license #01111899.

 del.icio.us  Stumbleupon  Technorati  Digg 

 

What did you think of this article?




Trackbacks
  • No trackbacks exist for this entry.
Comments
  • No comments exist for this entry.
Leave a comment

Submitted comments will be subject to moderation before being displayed.

 Enter the above security code (required)

 Name

 Email (will not be published)

 Website

Your comment is 0 characters limited to 3000 characters.