latest Interest Rates–NOT relfective of the new loan limits. That’s gonna take a while!!
March 7th, 2008 . by Mike KellyRates as of 03/7/08
The Federal Housing Administration (FHA) announced their temporary change in lending limits. In Sonoma County it is now $662,500. We have yet to receive the information from Fannie Mae and Freddie Mac, but the FHA increases will give a large contingency the opportunity to refinance and purchase homes that wouldn’t have qualified before. Please call me to discuss FHA financing for your clients, I can help! 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
3/1 ARM 5.75% 6.00%
5/1 ARM 6.00% 6.375%
7/1 ARM 6.25% 6.50%
10/1 ARM 7.125% 7.125%
Jumbo fully amortized interest only
30 year fixed 7.75% 7.75%
3/1 ARM 6.875% 6.875%
5/1 ARM 7.25% 7.25%
7/1 ARM 7.875 % 7.875%
10/1 ARM 8.375% 8.375%
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. Please note: Loan rates may be better for lower LTV’s and higher credit scores. 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. Please also note: Rates are subject to change and do. We had three re-pricings on Thursday, and two on Friday. Sometimes the re-price is good, sometimes not.
Alicia Hodenfield
Investors Trust Mortgage
(707) 284-2718 direct line
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.
