Archive for September, 2011

09/20 — 30 YR Fixed: 4.000%*

FIXED Mortgage Rate* Points APR* 30 Year 4.000% 0.000 5.503% 15 Year 3.250% 0.000 5.040% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.125% 0.875 4.710% 7/1 LIBOR ARM 3.500% 0.750 5.049% JUMBO LOANS 5/1 LIBOR ARM 3.250% 1.000 4.823% 30 Year 4.850% 1.000 6.284% *(1) Disclosures

09/20 — 15 YR Fixed: 3.250%*

FIXED Mortgage Rate* Points APR* 30 Year 4.000% 0.000 5.503% 15 Year 3.250% 0.000 5.040% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.125% 0.875 4.710% 7/1 LIBOR ARM 3.500% 0.750 5.049% JUMBO LOANS 5/1 LIBOR ARM 3.250% 1.000 4.823% 30 Year 4.850% 1.000 6.284% *(1) Disclosures

09/20 — 5/1 ARM: 3.125%*

FIXED Mortgage Rate* Points APR* 30 Year 4.000% 0.000 5.503% 15 Year 3.250% 0.000 5.040% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.125% 0.875 4.710% 7/1 LIBOR ARM 3.500% 0.750 5.049% JUMBO LOANS 5/1 LIBOR ARM 3.250% 1.000 4.823% 30 Year 4.850% 1.000 6.284% *(1) Disclosures

09/20 — 7/1 ARM: 3.500%*

FIXED Mortgage Rate* Points APR* 30 Year 4.000% 0.000 5.503% 15 Year 3.250% 0.000 5.040% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.125% 0.875 4.710% 7/1 LIBOR ARM 3.500% 0.750 5.049% JUMBO LOANS 5/1 LIBOR ARM 3.250% 1.000 4.823% 30 Year 4.850% 1.000 6.284% *(1) Disclosures

Market Update for September 12 2011

“We’ve all seen the man at the liquor store begging for your change,” begins the Everlast song “What It’s Like.”  It continues, “God forbid you ever had to walk in my Lenny’s shoes; because then you might really know what it’s like to sing the blues.” The Blame Game is an easy one to play.  […]

Pulse on Politics: Protecting Homeowners

The California Association of Realtors reported that “Attorney General [Kamala] Harris sued. . . the Law Offices of Kramer & Kaslow. . . and 14 other defendants who are accused of working together to defraud homeowners.”  Many law firms and individuals in today’s environment are using deceptive “mass joinder lawsuits” to collect up-front money from […]

Alternative Programs — Adding Value: Jumbo Loans to 90% LTV

Barring government action, September 30th, 2011 will be the last day to fund loans under Fannie/Freddie Jumbo Conforming guidelines and loan limits that currently go as high as $729,750.  Fortunately, CPK Mortgage works with lenders that will have excellent niche programs to fill the gap.  One of our lenders will offer financing up to 90% […]

Social Responsibility: Culver City Homelessness Committee

This is an industry in which we focus on putting people into properties.  Yet, in Los Angeles County alone, there are between 50,000 and 90,000 people who are homeless.  The Culver City Council honored me by installing me as a Commissioner on the city Homelessness Committee.  As we deal with the fallout of the mortgage […]

09/12 — 30 YR Fixed: 4.000%*

FIXED Mortgage Rate* Points APR* 30 Year 4.000% 0.000 5.503% 15 Year 3.250% 0.000 5.040% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.125% 0.000 4.710% 7/1 LIBOR ARM 3.375% 0.000 4.935% JUMBO LOANS 5/1 LIBOR ARM 3.250% 1.000 4.823% 30 Year 4.850% 1.000 6.284% *(1) Disclosures

09/12 — 15 YR Fixed: 3.250%*

FIXED Mortgage Rate* Points APR* 30 Year 4.000% 0.000 5.503% 15 Year 3.250% 0.000 5.040% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.125% 0.000 4.710% 7/1 LIBOR ARM 3.375% 0.000 4.935% JUMBO LOANS 5/1 LIBOR ARM 3.250% 1.000 4.823% 30 Year 4.850% 1.000 6.284% *(1) Disclosures