Mike’s Real Estate Show

Rates as of 2/16/07

Conforming  fully amortized  interest only
30 year fixed  6.25%    6.5%
3/1 ARM  6.25%    6.5%
5/1 ARM  6.25%    6.375%
7/1 ARM  6.125%   6.375%
10/1 ARM  6.25%    6.625%

   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  6.5%    6.6255%
5/1 ARM  6.5%    6.625%
7/1 ARM  6.625%   6.75%
10/1 ARM  6.625%   6.75%

100% financing 1st    2nd
   6.625% (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. 75% (NO Mortgage Insurance)
30 year fixed 660-679 FICO score – better FICO, better Rate

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 2/2/07 and are subject to change.  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 the may offer better rates/terms as well as options for non-qualifying borrowers. 

Alicia Hodenfield
Investors Trust Mortgage
(707) 284-2718 direct line
alicia@investorstrust.com
www.aliciahodenfield.com