Friday’s Interest Rates–Such as they are here in Sonoma County!
March 15th, 2008 . by Mike KellyFor Sonoma county, its $662,500 now , FHA and Jumbo “lite” Up to $417,000 30yr fixed is 5.75 at 1 pt ( 5/1s and 7/1s same as fixed currently, the secondary market still does not want to “buy “ these adjustables so no lower rate “deals”. FHA 30yr fixed 6% 0 pts. . . . easier to qualify with FHA , but need seller disclosure too
Up to $662,500 30 yr fixed is 6.5 at 1 pt , all full doc, SFD owner occupied only, 90% ltv purchase with 700 ficos, 80% max ltvs with 660 fico. On refinances 75% ltv’s , FHLMC will now allow $100,000 cash out , payoff of seconds now ok , but no stated income deals . FHA 30 yr fixed at 6.25 0pts . . .FHA is always “full doc”
Over $662,500 30 yr fixed is 7.0 1 pt, the 7/1 is at 6.375 1 pt 80% ltv to $2,000,000
Purchase . 75% to $3,000,000 on purchases
Napa and Marin are at $729,750, Lake is still at $417,000, Mendocino at $512,000.
Aprs not calculated, full doc examples with 680 fico scores . . .30 day locks shown on rates
Stated income,40 yr terms interest only loans, available . . . information intended for the Real Estate community only, Equal Opportunity Lender
