Mike’s Real Estate Show

Rates as of 6/29/07       

The 30 year fixed rate, as well as some others, came down, just a smidge from last week.  Next week should see lower than normal trading volume due to the 4th of July Holiday.  Could be a good week for bonds, and I’ll be sure to keep you posted!

Give me a call to get information for your sellers about offering buy downs for buyers!  It could be a great incentive for buyers.  To buy down the rate, the seller would be needs to pay about 2% of the loan amount to get the rate down to 6%, as of today’s conforming rates.  A Sampling of today’s rates follows – all rates are quoted without points.  Buyers can buy down their own 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               6.50%                                      6.75%

3/1 ARM                     6.375%                                    6.625%

5/1 ARM                     6.50%                                      6.625%

7/1 ARM                     6.625%                                    6.75%

10/1 ARM                   6.75%                                      6.875%

                                    fully amortized                        interest only

JUMBO – up to $1million

30 year fixed               6.875%                                    6.875%

3/1 ARM                     6.875%                                    6.875%
5/1 ARM                     6.875%                                    6.875%

7/1 ARM                     7.00%                                      7.00%

10/1 ARM                   7.00%                                      7.00%

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           7.00% 1st / 10.25% 2nd – assumes 680 credit score and full document loan for 2nd pricing – better score, better pricing on the 2nd

30 year fixed – 75/25 – Conforming loan amount on the first           6.875% 1st / 10.25% 2nd – assumes 680 credit score and full document loan for 2nd pricing – better score, better pricing on the 2nd

Call for information on Blended rate 100% options with No MI.  I will evaluate and consult with client whether mortgage insurance is a better option.

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!

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.  Rates quoted with a 30 day lock.  Subject to qualifying borrowers and properties.  Rates quoted for fully documented loans.  Rates are as of 6/29/07 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