Archive for November, 2014

11/17 — 30 YR Fixed: 3.750%*

FIXED Mortgage Rate* Points APR* 30 Year 3.750% 0.375 3.850% 15 Year 2.875% 0.375 3.050% ARM LOANS 5/1 LIBOR ARM 2.625% 0.625 2.738% 7/1 LIBOR ARM 2.875% 1.000 3.019% JUMBO LOANS 5/1 LIBOR ARM 3.250% 0.875 3.356% 30 Year 4.125% 0.875 4.237(1) Disclosures

11/17 — 15 YR Fixed: 2.875%*

FIXED Mortgage Rate* Points APR* 30 Year 3.750% 0.375 3.850% 15 Year 2.875% 0.375 3.050% ARM LOANS 5/1 LIBOR ARM 2.625% 0.625 2.738% 7/1 LIBOR ARM 2.875% 1.000 3.019% JUMBO LOANS 5/1 LIBOR ARM 3.250% 0.875 3.356% 30 Year 4.125% 0.875 4.237(1) Disclosures

11/17 — 5/1 ARM: 2.625%*

FIXED Mortgage Rate* Points APR* 30 Year 3.750% 0.375 3.850% 15 Year 2.875% 0.375 3.050% ARM LOANS 5/1 LIBOR ARM 2.625% 0.625 2.738% 7/1 LIBOR ARM 2.875% 1.000 3.019% JUMBO LOANS 5/1 LIBOR ARM 3.250% 0.875 3.356% 30 Year 4.125% 0.875 4.237(1) Disclosures

11/17 — 7/1 ARM: 2.875%*

FIXED Mortgage Rate* Points APR* 30 Year 3.750% 0.375 3.850% 15 Year 2.875% 0.375 3.050% ARM LOANS 5/1 LIBOR ARM 2.625% 0.625 2.738% 7/1 LIBOR ARM 2.875% 1.000 3.019% JUMBO LOANS 5/1 LIBOR ARM 3.250% 0.875 3.356% 30 Year 4.125% 0.875 4.237(1) Disclosures

Market Update for November 10 2014: People, Not Politics

American politics are frustrating. A comment like this is almost platitudinous in how much we over-use the sentiment. November 4th, by all accounts on the national level, was a shellacking of the Democratic Party. But what is the real theme from a few day ago? For me, it’s one of profound frustration. Yes, I’m a […]

Alternative Programs: Adding Value — 95% LTV Home Renovation Loans

Cash out to 95% of the AFTER IMPROVED value of a home for upgrades to primary AND investment properties? Impossible, right? Wrong! Staff at CPK Mortgage just completed a training on the Fannie Mae HomeStyle loan. This incredible loan allows cash out for almost any permanently affixed upgrade to a property! Almost as amazing, this […]

Pulse on Politics: Rules of Thumb for Mortgage Rates

Rates ticked up by about 1/8 to a ¼ point depending on the loan program since last month’s newsletter. What is the cause for this? First, rates dove last month as the stock market declined steeply. With the drastic improvement in the stock market, rates have climbed. Internationally, things are relatively settled between Russia and […]

Social Responsibility: Tikkun Olam

Tikkun Olam: this is the Jewish phrase that translates to “Repair the World.” It is the mandate that Jews do what we can in the here and now to make the world a better place. The Jewish Federation of Los Angeles just completed one of its Days of Service. Members of CPK Mortgage, Inc. participated […]

11/10 — 30 YR Fixed: 3.875%*

FIXED Mortgage Rate* Points APR* 30 Year 3.875% 0.500 3.986% 15 Year 2.990% 0.500 3.184% ARM LOANS 5/1 LIBOR ARM 2.875% 1.000 3.019% 7/1 LIBOR ARM 3.125% 1.000 3.271% JUMBO LOANS 5/1 LIBOR ARM 3.250% 0.875 3.356% 30 Year 4.250% 0.500 4.331(1) Disclosures

11/10 — 15 YR Fixed: 2.990%*

FIXED Mortgage Rate* Points APR* 30 Year 3.875% 0.500 3.986% 15 Year 2.990% 0.500 3.184% ARM LOANS 5/1 LIBOR ARM 2.875% 1.000 3.019% 7/1 LIBOR ARM 3.125% 1.000 3.271% JUMBO LOANS 5/1 LIBOR ARM 3.250% 0.875 3.356% 30 Year 4.250% 0.500 4.331(1) Disclosures