Archive for July, 2012

07/23 — 30 YR Fixed: 3.250%*

FIXED Mortgage Rate* Points APR* 30 Year 3.250% 0.375 3.360% 15 Year 2.625% 0.645 2.862% INTEREST ONLY LOANS 5/1 LIBOR ARM 2.750% 0.400 2.858% 7/1 LIBOR ARM 2.750% 0.157 2.840% JUMBO LOANS 5/1 LIBOR ARM 2.625% 0.750 2.761% 30 Year 3.875% 0.750 4.021% *(1) Disclosures

07/23 — 15 YR Fixed: 2.625%*

FIXED Mortgage Rate* Points APR* 30 Year 3.250% 0.375 3.360% 15 Year 2.625% 0.645 2.862% INTEREST ONLY LOANS 5/1 LIBOR ARM 2.750% 0.400 2.858% 7/1 LIBOR ARM 2.750% 0.157 2.840% JUMBO LOANS 5/1 LIBOR ARM 2.625% 0.750 2.761% 30 Year 3.875% 0.750 4.021% *(1) Disclosures

07/23 — 5/1 ARM: 2.750%*

FIXED Mortgage Rate* Points APR* 30 Year 3.250% 0.375 3.360% 15 Year 2.625% 0.645 2.862% INTEREST ONLY LOANS 5/1 LIBOR ARM 2.750% 0.400 2.858% 7/1 LIBOR ARM 2.750% 0.157 2.840% JUMBO LOANS 5/1 LIBOR ARM 2.625% 0.750 2.761% 30 Year 3.875% 0.750 4.021% *(1) Disclosures

07/23 — 7/1 ARM: 2.750%*

FIXED Mortgage Rate* Points APR* 30 Year 3.250% 0.375 3.360% 15 Year 2.625% 0.645 2.862% INTEREST ONLY LOANS 5/1 LIBOR ARM 2.750% 0.400 2.858% 7/1 LIBOR ARM 2.750% 0.157 2.840% JUMBO LOANS 5/1 LIBOR ARM 2.625% 0.750 2.761% 30 Year 3.875% 0.750 4.021% *(1) Disclosures

Market Update for July 3 2012: Gratitude

This is what might be called my “Gratitude Market Update.” I would like to thank those of you who donated to Beit T’Shuvah. Many of you probably know that I coach the marathon team at my temple, Beit T’Shuvah. BTS, as we call it, is not only a Jewish synagogue, but it is also a […]

Pulse on Politics: Pre Approvals Available on REOs

Now is a great time to get pre-approved for the purchase of properties in foreclosure. According to Les Christie in his CNNMoney article on April 13, 2012, “Flood of foreclosures to hit the housing market,” banks are feeling more confident now that states have resolved lawsuits against bank foreclosure practices. “The resulting flood could bring […]

Alternative Programs — Adding Value: Reverse Mortgages for Purchases

Many people think of reverse mortgages as available and useful only for refinancing. Yet, reverse mortgages can also be used for clients who are buying properties. These loans can be very valuable for those who are down-sizing. A sizeable down payment in conjunction with a reverse mortgage means that a client can retire without having […]

07/03 — 30 YR Fixed: 3.375%*

FIXED Mortgage Rate* Points APR* 30 Year 3.375% 0.875 4.935% 15 Year 2.750% 0.000 4.579% INTEREST ONLY LOANS 5/1 LIBOR ARM 2.750% 0.875 4.374% 7/1 LIBOR ARM 2.750% 1.000 4.374% JUMBO LOANS 5/1 LIBOR ARM 2.625% 1.000 4.262% 30 Year 4.000% 1.000 5.503% *(1) Disclosures

07/03 — 15 YR Fixed: 2.750%*

FIXED Mortgage Rate* Points APR* 30 Year 3.375% 0.875 4.935% 15 Year 2.750% 0.000 4.579% INTEREST ONLY LOANS 5/1 LIBOR ARM 2.750% 0.875 4.374% 7/1 LIBOR ARM 2.750% 1.000 4.374% JUMBO LOANS 5/1 LIBOR ARM 2.625% 1.000 4.262% 30 Year 4.000% 1.000 5.503% *(1) Disclosures

07/03 — 5/1 ARM: 2.750%*

FIXED Mortgage Rate* Points APR* 30 Year 3.375% 0.875 4.935% 15 Year 2.750% 0.000 4.579% INTEREST ONLY LOANS 5/1 LIBOR ARM 2.750% 0.875 4.374% 7/1 LIBOR ARM 2.750% 1.000 4.374% JUMBO LOANS 5/1 LIBOR ARM 2.625% 1.000 4.262% 30 Year 4.000% 1.000 5.503% *(1) Disclosures