Archive for April, 2013

04/23 — 30 YR Fixed: 3.375%*

FIXED Mortgage Rate* Points APR* 30 Year 3.375% -0.500 3.428% 15 Year 2.500% -0.500 2.428% INTEREST ONLY LOANS 5/1 LIBOR ARM 2.500% 0.060 2.594% 7/1 LIBOR ARM 2.500% 0.520 2.629% JUMBO LOANS 5/1 LIBOR ARM 2.750% 0.000 2.840% 30 Year 4.125% 0.250 4.244(1) Disclosures

04/23 — 15 YR Fixed: 2.500%*

FIXED Mortgage Rate* Points APR* 30 Year 3.375% -0.500 3.428% 15 Year 2.500% -0.500 2.428% INTEREST ONLY LOANS 5/1 LIBOR ARM 2.500% 0.060 2.594% 7/1 LIBOR ARM 2.500% 0.520 2.629% JUMBO LOANS 5/1 LIBOR ARM 2.750% 0.000 2.840% 30 Year 4.125% 0.250 4.244(1) Disclosures

04/23 — 5/1 ARM: 2.500%*

FIXED Mortgage Rate* Points APR* 30 Year 3.375% -0.500 3.428% 15 Year 2.500% -0.500 2.428% INTEREST ONLY LOANS 5/1 LIBOR ARM 2.500% 0.060 2.594% 7/1 LIBOR ARM 2.500% 0.520 2.629% JUMBO LOANS 5/1 LIBOR ARM 2.750% 0.000 2.840% 30 Year 4.125% 0.250 4.244(1) Disclosures

04/23 — 5/1 ARM: 2.500%*

FIXED Mortgage Rate* Points APR* 30 Year 3.375% -0.500 3.428% 15 Year 2.500% -0.500 2.428% INTEREST ONLY LOANS 5/1 LIBOR ARM 2.500% 0.060 2.594% 7/1 LIBOR ARM 2.500% 0.520 2.629% JUMBO LOANS 5/1 LIBOR ARM 2.750% 0.000 2.840% 30 Year 4.125% 0.250 4.244(1) Disclosures

Market Update for April 15 2013: Most Americans Still Paying too Much Interest

In January, I hypothesized that 2013 would be a tumultuous year for interest rates. So far, through the first quarter of 2013, my assessment has been correct. After the Presidential election and into January of this year, rates ticked up. There was a sense of direction with the election having passed. Economic news was positive. […]

Pulse on Politics: Help for Homeowners Extended!

The government approved the extension of the Fannie Mae DU Refi Plus and Freddie Mac Relief Refi programs through December 31, 2015. These programs enable clients to refinance even if their properties are underwater (larger loan than the value of the property). If you or your contacts think they will not qualify for today’s great […]

Alternative Programs–Adding Value: “Hard Money” Loans

Did you know that CPK Mortgage offers “Hard Money” loans? We work with over 20 hard money lenders to help clients obtain financing for situations that are beyond what banks offer. For example, we just funded a loan for a client whose credit score had dropped below 620. She needed to pull cash out to […]

Social Responsibility: Advocating for our Clients

The first week in May, 2013, I will be heading to Sacramento with the Beverly Hills Greater Los Angeles Association of Realtors to lobby our elected representatives on issues related to real estate. We believe in fighting for our clients both during transactions and also behind the scenes on legislative matters. Call for updates!

Testimonial: “Grandma Linda”

Chris, Thanks so much. You are an angel.

Testimonial: Jennifer

Just got back to my office after signing everything with Yolanda. . . Huge hugs to both of you! You made it painless!!!