Archive for July, 2014

07/22 — 30 YR Fixed: 4.000%*

FIXED Mortgage Rate* Points APR* 30 Year 4.000% 0.500 4.112% 15 Year 3.000% 0.625 3.212% ARM LOANS 5/1 LIBOR ARM 2.750% 0.750 2.874% 7/1 LIBOR ARM 3.000% 0.750 3.126% JUMBO LOANS 5/1 LIBOR ARM 3.250% 1.000 3.366% 30 Year 4.125% 1.000 4.247(1) Disclosures

07/22 — 15 YR Fixed: 3.000%*

FIXED Mortgage Rate* Points APR* 30 Year 4.000% 0.500 4.112% 15 Year 3.000% 0.625 3.212% ARM LOANS 5/1 LIBOR ARM 2.750% 0.750 2.874% 7/1 LIBOR ARM 3.000% 0.750 3.126% JUMBO LOANS 5/1 LIBOR ARM 3.250% 1.000 3.366% 30 Year 4.125% 1.000 4.247(1) Disclosures

07/22 — 5/1 ARM: 2.750%*

FIXED Mortgage Rate* Points APR* 30 Year 4.000% 0.500 4.112% 15 Year 3.000% 0.625 3.212% ARM LOANS 5/1 LIBOR ARM 2.750% 0.750 2.874% 7/1 LIBOR ARM 3.000% 0.750 3.126% JUMBO LOANS 5/1 LIBOR ARM 3.250% 1.000 3.366% 30 Year 4.125% 1.000 4.247(1) Disclosures

07/22 — 7/1 ARM: 3.000%*

FIXED Mortgage Rate* Points APR* 30 Year 4.000% 0.500 4.112% 15 Year 3.000% 0.625 3.212% ARM LOANS 5/1 LIBOR ARM 2.750% 0.750 2.874% 7/1 LIBOR ARM 3.000% 0.750 3.126% JUMBO LOANS 5/1 LIBOR ARM 3.250% 1.000 3.366% 30 Year 4.125% 1.000 4.247(1) Disclosures

Market Update for July 7 2014: Back in the Saddle

I’m back in the saddle! Since the last time I wrote a market update in November of 2013, a lot has changed. I threw my hat into the race for Culver City Council. Our team came up short, but we did well for a first attempt against two incumbents, and we learned a lot of […]

Alternative Programs — Adding Value: “Cash Flow” Mortgages

Is the income on your fax returns not-too-impressive, but you would like to buy investment real estate? There are a few fantastic new loan programs available for those who own or who are looking to buy investment real estate. One such program is a “cash flow” mortgage where a clients’ qualifying is based solely on […]

07/07 — 30 YR Fixed: 4.000%*

FIXED Mortgage Rate* Points APR* 30 Year 4.000% 0.875 4.144% 15 Year 3.000% 0.250 3.157% ARM LOANS 5/1 LIBOR ARM 2.750% 0.750 2.874% 7/1 LIBOR ARM 3.000% 0.875 3.136% JUMBO LOANS 5/1 LIBOR ARM 3.375% 0.750 3.472% 30 Year 4.250% 0.625 4.342(1) Disclosures

07/07 — 15 YR Fixed: 3.000%*

FIXED Mortgage Rate* Points APR* 30 Year 4.000% 0.875 4.144% 15 Year 3.000% 0.250 3.157% ARM LOANS 5/1 LIBOR ARM 2.750% 0.750 2.874% 7/1 LIBOR ARM 3.000% 0.875 3.136% JUMBO LOANS 5/1 LIBOR ARM 3.375% 0.750 3.472% 30 Year 4.250% 0.625 4.342(1) Disclosures

07/07 — 5/1 ARM: 2.750%*

FIXED Mortgage Rate* Points APR* 30 Year 4.000% 0.875 4.144% 15 Year 3.000% 0.250 3.157% ARM LOANS 5/1 LIBOR ARM 2.750% 0.750 2.874% 7/1 LIBOR ARM 3.000% 0.875 3.136% JUMBO LOANS 5/1 LIBOR ARM 3.375% 0.750 3.472% 30 Year 4.250% 0.625 4.342(1) Disclosures

07/07 — 7/1 ARM: 3.000%*

FIXED Mortgage Rate* Points APR* 30 Year 4.000% 0.875 4.144% 15 Year 3.000% 0.250 3.157% ARM LOANS 5/1 LIBOR ARM 2.750% 0.750 2.874% 7/1 LIBOR ARM 3.000% 0.875 3.136% JUMBO LOANS 5/1 LIBOR ARM 3.375% 0.750 3.472% 30 Year 4.250% 0.625 4.342(1) Disclosures