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Archive for the ‘Uncategorized’ Category

Programs
Rate
APR
P&I

30 Year (fixed)
5.125%
5.305%
$816.73

15 Year (fixed)
4.500%
4.805%
$1147.49

3/1 Arm*
4.875%
4.364%
$793.81

 

FHA
0.00000%
0.00000%
$0

Calculations based on loan amount of $150,000 at an 80% loan-to-value.
*ARM loans based on 30 year term and APR may increase after closing.

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30 Year (fixed) 5.125% 5.305% $816.73

Programs
Rate
APR
P&I

30 Year (fixed)
5.125%
5.305%
$816.73

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30 year fixed 5.125% APR 5.283%

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They say no news is good news. But perhaps the more important question this week is will the Fed’s news from their latest Federal Open Market Committee Meeting be good news for rates and the economy? Here’s what you need to know. Last week, the Fed released their Interest Rate and Policy Statement after their [...]

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30 year fixed %5.125% APR %5.305
pumpkincamera.com
searchmagnolia.com

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5.25%, APR 5.585%
Searchmagnolia.com

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“DON’T TOUCH THAT DIAL.” That familiar broadcasting statement certainly applied to the markets last week, as the volatility continued and the markets changed direction quickly.
Take a look at the chart below, which shows how home loan rates have climbed dramatically over the last several weeks. In fact, home loan rates are at their highest levels [...]

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Good news!  Interest rates are moving back down.  The bond market is rallying and economic news has come in pretty much as expected.  Please call me 206-256-0066 over the week-end if you need anything.    We are happy to help you and your clients!

 

 

Mortgage Interest Rates*

Rates as of Friday, 12th June, 2009:

 

Conforming

APR

Payment per
$1,000

Jumbo

APR

Payment per
$1,000

30 Year [...]

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Investors shift to buying oil and commodities. Volatility again in the bond market.  The US Balance of Trade widened in April, US exports fell to the lowest level in almost 3 years, but US Dollar recently sank against foreign currencies, thereby making it cheaper and more attractive to buy our goods, so should improve in [...]

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“IT’S A RECESSION WHEN YOUR NEIGHBOR LOSES HIS JOB; IT’S A DEPRESSION WHEN YOU LOSE YOURS.” Harry S. Truman. The big headlines of the week had everything to do with job losses…and some surprising twists within the monthly Jobs Report that arrived on Friday, and caused home loan rates to worsen yet once again. Despite [...]

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