Mike’s Real Estate Show

Listeners,

 Here is Alicia Hodenfield’s of Investor’s Trust Mortgage, interest rate update as per the close of business Friday. She’ll be a guest on the show Sunday, February 11th, at around 9:15am for a segment talking rates and trends. Listen in!! 

How would you like to offer NO MORTGAGE PAYMENTS for Up to 6 Months?  Ask me about my Buyer’s Bonus Mortgage Program!  I also have a great program for buyers of property in low to moderate income identified census tracts.

 Rates as of 2/9/07

Something that affected the Bond market this week is the monthly coupon rollover yesterday, which caused a slight slip in the price of bonds.  We’ll be watching today to see if the trend continues or if Bonds can make a bit of a run. Next week there are a few reports to be released that could have a high impact on the Bond Market including Retail Sales and the Philadelphia Fed Index.  I’ll be keeping my eyes and ears open!

 Rates are quoted WITHOUT points.  Borrowers may buy down the rate.  Each application is evaluated on an individual basis.  There may be better suited programs for borrowers that may offer better rates/terms as well as options for non-qualifying borrowers. 

Conforming                 fully amortized                        interest only

30 year fixed               6.25%                                     6.5%

3/1 ARM                     6.375%                                    6.5%

5/1 ARM                     6.25%                                     6.5%

7/1 ARM                     6.25%                                     6.5%

10/1 ARM                    6.25%                                     6.5%
 
                          fully amortized                        interest only

JUMBO – up to $650,000; add .25 point for loans up to $1mil

30 year fixed               6.375%                                    6.5%

3/1 ARM                     6.375%                                    6.5%

5/1 ARM                     6.5%                                      6.625%

7/1 ARM                     6.5%                                      6.625%

10/1 ARM                    6.75%                                     6.875%

 

100% financing           1st                                            2nd

                                    6.5% (30 year fixed)               10.375% (HELOC)

(Based on conforming limits for the 1st – up to 80% LTV; up to 100% CLTV for 2nd

 

Blend 100%                7.875% (NO Mortgage Insurance)

30 year fixed  

 

Here’s the fine print:

Conforming limit is $417,000.00.  Rates assume impound account set up and except for 100% financing, assumes loan to value (LTV) no more than 80%.  Funds to be used for purchase.  Cash out refinances may incur higher rates.  Rats quoted with a 30 day lock.  Subject to qualifying borrowers and properties.  Rates quoted for fully documented loans.  Rates are as of 2/9/07 and are subject to change. 

 

 

 

 

Alicia Hodenfield

Investors Trust Mortgage

Direct line (707) 284-2718

Cell (707) 483-6299

Fax (707) 573-8109

1105 N. Dutton Avenue Suite 200 Santa Rosa, CA  95401

www.aliciahodenfield.com

Licensed by California DRE #01104067/Salesperson License #01501465

 

“When you are content to be simply yourself and don’t compare or compete, everybody will respect you.” — Lao Tzu

Oh by the way, if you know of someone thinking of purchasing or refinancing a home, who would appreciate the kind of service I offer, I’d love to help them.  As these people come to mind, just give me a call with their name and number.  I will be happy to follow up and tend to their real estate financing needs