Archive for October, 2013

10/28 — 30 YR Fixed: 3.999%*

FIXED Mortgage Rate* Points APR* 30 Year 3.999% 0.250 4.116% 15 Year 3.000% 0.250 3.203% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.000% 0.000 3.087% 7/1 LIBOR ARM 3.250% 0.025 3.344% JUMBO LOANS 5/1 LIBOR ARM 3.375% 0.000 3.468% 30 Year 4.625% 0.610 4.777(1) Disclosures

10/28 — 15 YR Fixed: 3.000%*

FIXED Mortgage Rate* Points APR* 30 Year 3.999% 0.250 4.116% 15 Year 3.000% 0.250 3.203% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.000% 0.000 3.087% 7/1 LIBOR ARM 3.250% 0.025 3.344% JUMBO LOANS 5/1 LIBOR ARM 3.375% 0.000 3.468% 30 Year 4.625% 0.610 4.777(1) Disclosures

10/28 — 5/1 ARM: 3.000%*

FIXED Mortgage Rate* Points APR* 30 Year 3.999% 0.250 4.116% 15 Year 3.000% 0.250 3.203% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.000% 0.000 3.087% 7/1 LIBOR ARM 3.250% 0.025 3.344% JUMBO LOANS 5/1 LIBOR ARM 3.375% 0.000 3.468% 30 Year 4.625% 0.610 4.777(1) Disclosures

10/28 — 7/1 ARM: 3.250%*

FIXED Mortgage Rate* Points APR* 30 Year 3.999% 0.250 4.116% 15 Year 3.000% 0.250 3.203% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.000% 0.000 3.087% 7/1 LIBOR ARM 3.250% 0.025 3.344% JUMBO LOANS 5/1 LIBOR ARM 3.375% 0.000 3.468% 30 Year 4.625% 0.610 4.777(1) Disclosures

10/24 — 30 YR Fixed: 3.999%*

FIXED Mortgage Rate* Points APR* 30 Year 3.999% 0.250 4.116% 15 Year 3.000% 0.250 3.203% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.000% 0.000 3.083% 7/1 LIBOR ARM 3.250% 0.324 3.368% JUMBO LOANS 5/1 LIBOR ARM 3.375% 0.000 3.468% 30 Year 4.750% 0.165 4.865(1) Disclosures

10/24 — 15 YR Fixed: 3.000%*

FIXED Mortgage Rate* Points APR* 30 Year 3.999% 0.250 4.116% 15 Year 3.000% 0.250 3.203% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.000% 0.000 3.083% 7/1 LIBOR ARM 3.250% 0.324 3.368% JUMBO LOANS 5/1 LIBOR ARM 3.375% 0.000 3.468% 30 Year 4.750% 0.165 4.865(1) Disclosures

10/24 — 5/1 ARM: 3.000%*

FIXED Mortgage Rate* Points APR* 30 Year 3.999% 0.250 4.116% 15 Year 3.000% 0.250 3.203% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.000% 0.000 3.083% 7/1 LIBOR ARM 3.250% 0.324 3.368% JUMBO LOANS 5/1 LIBOR ARM 3.375% 0.000 3.468% 30 Year 4.750% 0.165 4.865(1) Disclosures

10/24 — 7/1 ARM: 3.250%*

FIXED Mortgage Rate* Points APR* 30 Year 3.999% 0.250 4.116% 15 Year 3.000% 0.250 3.203% INTEREST ONLY LOANS 5/1 LIBOR ARM 3.000% 0.000 3.083% 7/1 LIBOR ARM 3.250% 0.324 3.368% JUMBO LOANS 5/1 LIBOR ARM 3.375% 0.000 3.468% 30 Year 4.750% 0.165 4.865(1) Disclosures

Market Update for October 14 2013: Hard Money Loans

In the words of Wayne Gretzky: “You miss 100% of the shots you don’t take.” I have two deals where the clients are taking calculated “shots.” In one case, the client has not filed tax returns in the last 5 years. He recently inherited a tri-plex with tremendous equity. He needs to pay off a […]

Pulse on Politics: Government Shut Down and Interest Rate Impact

How have the pending debt ceiling impasse and the current government shut-down impacted interest rates? These factors have been positive for interest rates. In general, economic instability leads to a drop in rates. US Bonds become a more attractive investment. With more investment in bonds, the price of bonds drops. This tends to correlate positively […]