Mike’s Real Estate Show

Rates as of 6/1/07          

Rates have edged up a bit this week.  The bond market, which mortgage rates are tied to, has taken a bit of a beating this week.  Prices on bonds have been in a declining mode with no news to stop their decline.  I’ll be watching for signs that could signal a reversal to this trend, and for now, here are today’s rates! 

Sampling of today’s rates – all rates quoted without points.  You can buy down the rate buy paying points (1 point = 1% of the loan amount; 1 point will not buy down the rate one percentage point.  Please contact me for details and actual buy down rates) 

Conforming                 fully amortized                        interest only 

30 year fixed               6.375 %                                   6.50% 

3/1 ARM                     6.125%                                    6.375% 

5/1 ARM                     6.25%                                      6.50% 

7/1 ARM                     6.50%                                      6.625% 

                                    fully amortized                        interest only 

JUMBO – up to $1million 

30 year fixed               6.625%                                    6.75% 

3/1 ARM                     6.75%                                      6.75% 

5/1 ARM                     6.75%                                      6.75% 

7/1 ARM                     6.75%                                      6.75% 

10/1 ARM                   6.875%                                    6.875% 

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           6.75% 1^st / 10% 2^nd – assumes 680 credit score and full document loan for 2^nd pricing – better score, better pricing on the 2^nd 

30 year fixed – 75/25 – Conforming loan amount on the first           6.50% 1^st / 10% 2^nd – assumes 680 credit score and full document loan for 2^nd pricing – better score, better pricing on the 2^nd 

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

Other loan options… I can provide additional loan options, including Alt-A loan products, Option ARMS, the Flexible Hybrid ARMS, Commercial loans, Home Ownership Accelerator Program, Construction Loans, Loans for Investment Property, Community Lending Program for those who might not qualify for traditional loans and much, much more! 

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.  Rates quoted with a 30 day lock.  Subject to qualifying borrowers and properties.  Rates quoted for fully documented loans.  Rates are as of 6/1/07 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 

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“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.