Archive for July, 2011

07/11 — 15 YR Fixed: 3.625%*

FIXED Mortgage Rate* Points APR* 30 Year 4.375% 1.000 5.847% 15 Year 3.625% 0.625 5.387% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.125% 1.000 4.710% 7/1 LIBOR ARM 3.625% 0.625 5.162% JUMBO LOANS 5/1 LIBOR ARM 3.600% 1.000 5.139% 30 Year 5.050% 1.000 6.470% *(1) Disclosures

07/11 — 5/1 ARM: 3.125%*

FIXED Mortgage Rate* Points APR* 30 Year 4.375% 1.000 5.847% 15 Year 3.625% 0.625 5.387% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.125% 1.000 4.710% 7/1 LIBOR ARM 3.625% 0.625 5.162% JUMBO LOANS 5/1 LIBOR ARM 3.600% 1.000 5.139% 30 Year 5.050% 1.000 6.470% *(1) Disclosures

07/11 — 7/1 ARM: 3.625%*

FIXED Mortgage Rate* Points APR* 30 Year 4.375% 1.000 5.847% 15 Year 3.625% 0.625 5.387% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.125% 1.000 4.710% 7/1 LIBOR ARM 3.625% 0.625 5.162% JUMBO LOANS 5/1 LIBOR ARM 3.600% 1.000 5.139% 30 Year 5.050% 1.000 6.470% *(1) Disclosures

Market Update for July 5 2011

Max Weber’s insights into bureaucracies in the late 1800s hold profound truths for citizens of the United States today.  His writings seem especially apropos to the American banking and mortgage industries of 2011.  Weber writes that bureaucracy represents the “irrationality of rationality.”  Basically, humans develop bureaucracies to make processes more streamlined (rational).  However, as the […]

Pulse on Politics: Fannie Mae HomePath

Looking to buy with 3% down and no mortgage insurance?

Alternative Programs — Adding Value: Jumbo Loans with Low Equity

$975,750 Loan with Just 10% Down

Social Responsibility: Relay for Life Santa Monica

Looking for a way to avoid the 405 freeway closure?  Join the Rotaract Club of West Los Angeles and CPK Mortgage as we walk to end cancer at the Santa Monica Relay for Life, July 16th, 2011.  We’ll be sharing food, drinks and camaraderie while getting healthy by walking/jogging.  This is all with the aim […]

07/05 — 30 YR Fixed: 4.500%*

FIXED Mortgage Rate* Points APR* 30 Year 4.500% 0.250 5.962% 15 Year 3.750% 0.000 5.503% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.250% 1.125 4.823% 7/1 LIBOR ARM 3.750% 1.000 5.275% JUMBO LOANS 5/1 LIBOR ARM 3.600% 1.000 5.139% 30 Year 5.050% 1.000 6.470% *(1) Disclosures

07/05 — 15 YR Fixed: 3.750%*

FIXED Mortgage Rate* Points APR* 30 Year 4.500% 0.250 5.962% 15 Year 3.750% 0.000 5.503% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.250% 1.125 4.823% 7/1 LIBOR ARM 3.750% 1.000 5.275% JUMBO LOANS 5/1 LIBOR ARM 3.600% 1.000 5.139% 30 Year 5.050% 1.000 6.470% *(1) Disclosures

07/05 — 5/1 ARM: 3.250%*

FIXED Mortgage Rate* Points APR* 30 Year 4.500% 0.250 5.962% 15 Year 3.750% 0.000 5.503% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.250% 1.125 4.823% 7/1 LIBOR ARM 3.750% 1.000 5.275% JUMBO LOANS 5/1 LIBOR ARM 3.600% 1.000 5.139% 30 Year 5.050% 1.000 6.470% *(1) Disclosures