Monday Morning Loan Rates from Chrys Barnes
Chrys Barnes with Pacific Capital Mortgage. 805-541-5353
Realtor Rate Sheet 10/5/09 (Rates Steady to slightly lower from last week)
Conforming to $417k
PRIMARY | 1 pt. | 0 pts. |
30 yr fixed | 4.625 | 4.875 |
15 yr fixed | 4.25 | 4.375 |
10/1 ARM* | 4.25 | |
5/1 ARM* | 3.5 | |
5/1 I/O | 3.625 | |
RENTAL | | |
PRIMARY | 1 pt. | |
30 yr fixed | 4.875 | |
15 yr fixed | 4.25 | |
RENTAL | | 1.0 pts |
PRIMARY | | Pts. |
30 yr fixed | 5.875 | 1.0 |
5 yr fixed | 5.125 | 1.0 |
5 yr I/O | 5.25 | |
FHA 96.5% to $417,000
PRIMARY | 1 pt. origination |
30 yr fixed | 4.875 |
FHA JUMBO 2009 – to $687,500
PRIMARY | 1 pt. origination |
30 yr fixed | 5.25 |
720 credit score, fully documented
income and assets,30 day lock.
Conforming primary fixed: 20% down
Conforming ARMs: 25% down
Conf. Rental: 25% down
Conf Jumbo Fixed: 25% down
Conforming Jumbo Rental: 40% down
Jumbo primary: 25% down.
“JUMBO/CONFORMING” LIMIT: $687,500
This information is intended for use by industry professionals only. It is useful as a quick snapshot of purchase rates for the above date, but does not constitute a formal rate quote for a particular borrower, property or scenario. Rates change DAILY and are subject to extreme market volatility!
Rates and guidelines are in constant flux and DO change without notice, including higher credit score requirements or reduced LTVs. IMPROVED pricing is sometimes available for lower LTVs and/or superior credit. Please call for details.
*5/1 or 10/1 ARM refers to an adjustable rate mortgage that is fixed for 5 or 10 yrs, then adjusts yearly thereafter. I/O means an “interest only” payment option.
**Regular Jumbo – Owner occupied to 70%. Add-ons apply for loans over $625K.
***USDA - Moderate income, $417k limit. CALL for details!
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