Alicia Hodenfield’s Interest Rate update: December 28, 2007 Note the big % rate difference between Conforming and Jumbo!!
December 28th, 2007 . by Mike KellyRates as of 12/28/07
My office will be closed for the New Year Holiday – January 1st, 2008! Here’s to a wonderful 2008! May you have much to celebrate and delight in this next year!
Today’s rates quoted are a small sample of current rates – all quoted without points- call me about rates with point(s), different loan products and requirements! (707) 284-2718
Conforming fully amortized interest only
30 year fixed 6.00% 6.25% This is the “Conforming” rate w/loans at $417,000 or below. Note the BIG difference in Jumbos!!
3/1 ARM 5.75% 5.875%
5/1 ARM 6.00% 6.25%
7/1 ARM 6.375% 6.50%
10/1 ARM 6.625% 6.875%
Jumbo fully amortized interest only
30 year fixed 7.25% 7.50% 1.25% MORE with JUMBO money–Markets still unsettled on the “JUMBO” products!!
3/1 ARM
7.375% 7.50%5/1 ARM 6.75% 6.75 %
7/1 ARM 7.25% 7.375%
10/1 ARM 7.25% 7.25%
Give me a call for details and other loan options!
Here’s the fine print:
Conforming limit is $417,000.00. Rates assume credit score is 680 or higher, impound account set up and 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 subject to change. Rates are quoted WITHOUT points. Borrowers (and/or sellers) 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
Cell (707) 483-6299
Fax (707) 573-8109
1105 N. Dutton Avenue Suite 200 Santa Rosa, CA 95401
Licensed by California DRE #01104067/Salesperson License #01501465
“I advise you to say your dream is possible and then overcome all inconveniences, ignore all the hassles and take a running leap through the hoop even if it is in flames.” — Les Brown
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
