Archive for August, 2013

08/12 — 5/1 ARM: 3.375%*

FIXED Mortgage Rate* Points APR* 30 Year 4.125% 0.250 4.244% 15 Year 3.250% 0.125 3.438% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.375% 0.335 3.497% 7/1 LIBOR ARM 3.875% 0.105 3.980% JUMBO LOANS 5/1 LIBOR ARM 3.500% 0.000 3.595% 30 Year 4.875% 0.914 5.059(1) Disclosures

08/12 — 7/1 ARM: 3.875%*

FIXED Mortgage Rate* Points APR* 30 Year 4.125% 0.250 4.244% 15 Year 3.250% 0.125 3.438% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.375% 0.335 3.497% 7/1 LIBOR ARM 3.875% 0.105 3.980% JUMBO LOANS 5/1 LIBOR ARM 3.500% 0.000 3.595% 30 Year 4.875% 0.914 5.059(1) Disclosures

Market Update for August 5 2013: “More Market Manipulation”

“More market manipulation.” This is a phrase from the July 11, 2013 Provident Bank weekly email on the direction of mortgage interest rates. I think this phrase is apropos. This Wednesday, the 31st, the Fed will meet and issue another statement. Markets, fuelled by the media, will react in their usual knee-jerk ways. To refer […]

Pulse on Politics: Weiner Scandal Detracts from American Politics

I feel compelled to share Amy Walter’s recent comments from the July 29, 2013 Cook Political Report: “I get that sex sells. I know the Anthony Weiner saga is buzzy and great for ratings. But, in the end, it’s terrible for those of us who love covering politics, and for the institution of public service […]

Alternative Programs — Adding Value: Refinancing Rental Property

People who own investment properties. . . yes, even you can save money! Clients who own investment properties often think that qualifying standards would preclude them from refinancing. Yet these ideas are not true and refinancing IS possible. Please, if your rates on properties, including investment properties, are over 4.500%, give us a call to […]

Social Responsibility: Financial Literacy at Upward Bound House

On July 29th, CPK Mortgage will be sending volunteers to the Upward Bound House in Santa Monica to teach a monthly Financial Literacy Class. Upward Bound House is a family shelter for homeless families. Families are educated on sound financial management techniques, credit maintenance skills, etc. If you are interested in helping to co-teach one […]

08/05 — 30 YR Fixed: 4.375%*

FIXED Mortgage Rate* Points APR* 30 Year 4.375% 0.241 4.495% 15 Year 3.250% 0.250 3.457% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.500% 0.135 3.661% 7/1 LIBOR ARM 3.875% 0.315 3.998% JUMBO LOANS 5/1 LIBOR ARM 3.751% 0.000 3.847% 30 Year 4.875% 1.074 5.074(1) Disclosures

08/05 — 15 YR Fixed: 3.250%*

FIXED Mortgage Rate* Points APR* 30 Year 4.375% 0.241 4.495% 15 Year 3.250% 0.250 3.457% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.500% 0.135 3.661% 7/1 LIBOR ARM 3.875% 0.315 3.998% JUMBO LOANS 5/1 LIBOR ARM 3.751% 0.000 3.847% 30 Year 4.875% 1.074 5.074(1) Disclosures

08/05 — 5/1 ARM: 3.500%*

FIXED Mortgage Rate* Points APR* 30 Year 4.375% 0.241 4.495% 15 Year 3.250% 0.250 3.457% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.500% 0.135 3.661% 7/1 LIBOR ARM 3.875% 0.315 3.998% JUMBO LOANS 5/1 LIBOR ARM 3.751% 0.000 3.847% 30 Year 4.875% 1.074 5.074(1) Disclosures

08/05 — 7/1 ARM: 3.875%*

FIXED Mortgage Rate* Points APR* 30 Year 4.375% 0.241 4.495% 15 Year 3.250% 0.250 3.457% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.500% 0.135 3.661% 7/1 LIBOR ARM 3.875% 0.315 3.998% JUMBO LOANS 5/1 LIBOR ARM 3.751% 0.000 3.847% 30 Year 4.875% 1.074 5.074(1) Disclosures