Mike’s Real Estate Show

Rates as of 4/13/07

 Today we received some good news on inflation – the Producer Price Index (PPI) Report, which measures wholesale or producer inflation, reported Core PPI as unchanged for the month of March which was less than expectations of a .2% increase.  

This lower than expected read helps to lower the year over year Core PPI inflation rate to 1.7% which is down from the 2% Core rate seen in January.  What this report suggests is that Core inflation at the wholesale level is beginning to moderate, which will be overall good for Bonds.  This reporting hasn’t had a direct impact as of yet and I’ll keep watching!

 

Conforming                 fully amortized                        interest only

30 year fixed               6.25 %                                     6.375%

3/1 ARM                     6.125%                                    6.375%

5/1 ARM                     6.125%                                    6.375%

7/1 ARM                     6.125%                                    6.375%

10/1 ARM                   6.25%                                      6.50%

 

                                    fully amortized                        interest only

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

30 year fixed               6.5%                                        6.75%

3/1 ARM                     6.5%                                        6.5%

5/1 ARM                     6.375%                                    6.375%

7/1 ARM                     6.50%                                      6.50%

10/1 ARM                   6.625%                                    6.625%

 

100% financing:  Mortgage Insurance may also be an option – here are some possibilities without MI.

30 year fixed – 80/20  - Conforming loan amount on the first           6.50% 1st / 10% 2nd – assumes 680 credit score and full document loan for 2nd pricing – better score, better pricing on the 2nd; lower score worse pricing

30 year fixed – 75/25 – Conforming loan amount on the first 6.375% 1st / 10% 2nd – assumes 680 credit score and full document loan for 2nd pricing – better score, better pricing on the 2nd; lower score worse pricing

Call for information on Blended rate 100% options with No MI.

 Other loan options… Don’t forget, I can provide additional loan options, including Option ARMS, the Flexible Hybrid ARMS, Commercial loans, Home Ownership Accelerator Program, Construction Loans and much more!  Please call if you or your clients would like more information on other loan products.

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 4/13/07 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

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

“We must learn to live together as brothers or perish as fools.” — Martin Luther King, Jr. 

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.