Archive for February, 2018

02/23 — 30 YR Fixed: 4.375%*

FIXED Mortgage Rate* Points APR* 30 Year 4.375% 0.000 4.449% 15 Year 3.750% 0.125 3.897% ARM LOANS 5/1 LIBOR ARM 3.625% 1.125 3.786% 10/1 LIBOR ARM 3.750% 1.125 3.913% JUMBO LOANS 5/1 LIBOR ARM 3.750% 1.000 3.868% 30 Year 4.375% 0.750 4.476(1) Disclosures

02/23 — 15 YR Fixed: 3.750%*

FIXED Mortgage Rate* Points APR* 30 Year 4.375% 0.000 4.449% 15 Year 3.750% 0.125 3.897% ARM LOANS 5/1 LIBOR ARM 3.625% 1.125 3.786% 10/1 LIBOR ARM 3.750% 1.125 3.913% JUMBO LOANS 5/1 LIBOR ARM 3.750% 1.000 3.868% 30 Year 4.375% 0.750 4.476(1) Disclosures

02/23 — 5/1 ARM: 3.625%*

FIXED Mortgage Rate* Points APR* 30 Year 4.375% 0.000 4.449% 15 Year 3.750% 0.125 3.897% ARM LOANS 5/1 LIBOR ARM 3.625% 1.125 3.786% 10/1 LIBOR ARM 3.750% 1.125 3.913% JUMBO LOANS 5/1 LIBOR ARM 3.750% 1.000 3.868% 30 Year 4.375% 0.750 4.476(1) Disclosures

02/23 — 10/1 ARM: 3.750%*

FIXED Mortgage Rate* Points APR* 30 Year 4.375% 0.000 4.449% 15 Year 3.750% 0.125 3.897% ARM LOANS 5/1 LIBOR ARM 3.625% 1.125 3.786% 10/1 LIBOR ARM 3.750% 1.125 3.913% JUMBO LOANS 5/1 LIBOR ARM 3.750% 1.000 3.868% 30 Year 4.375% 0.750 4.476(1) Disclosures

Market Update for February 12 2018: Thank You, Clients!

You are my bread-and-butter. Yes, YOU. September 28th of this year will be CPK Mortgage’s 10th anniversary of being in business. Each and every year that I’ve been in business I can document the proof that my Clients and referrals from Clients are the life-blood of CPK Mortgage. So, I humbly say, “Thank You.” Every […]

Alternative Programs: Adding Value — VA Loan Rates

As I write this newsletter, I looked back to the last newsletter update that I had written, which was July 27th of 2015. The 30 year fixed rate stood at 3.875% whereas today it’s at 4.250%. We’ve crossed into the threshold of the “4s,” so it is important to consider every loan program available to […]

Pulse on Politics: Fannie/Freddie Loan Limits

Fannie Mae and Freddie Mac got it right this year with loan limits. Logic prevailed: why should each county across the nation have the same maximum loan limit when the average price of a home in certain counties is much higher than in others? While the maximum loan limit in most counties is now $453,100, […]

Social Responsibility: Fire Fighter Paramedic

As I referenced in the Market Update above, I’ve become a Fire Fighter. I did some serious soul-searching and decided that the best way I can use my talents to make a difference in the world would be through the Fire Service. It has been an extremely challenging and ultimately, tremendously fulfilling change. The schedule […]

02/12 — 30 YR Fixed: 4.250%*

FIXED Mortgage Rate* Points APR* 30 Year 4.250% 0.037 4.327% 15 Year 3.750% 0.000 3.879% ARM LOANS 5/1 LIBOR ARM 3.500% 0.750 3.630% 10/1 LIBOR ARM 3.750% 0.750 3.882% JUMBO LOANS 5/1 LIBOR ARM 3.750% 1.000 3.868% 30 Year 4.375% 0.750 4.476(1) Disclosures

02/12 — 15 YR Fixed: 3.750%*

FIXED Mortgage Rate* Points APR* 30 Year 4.250% 0.037 4.327% 15 Year 3.750% 0.000 3.879% ARM LOANS 5/1 LIBOR ARM 3.500% 0.750 3.630% 10/1 LIBOR ARM 3.750% 0.750 3.882% JUMBO LOANS 5/1 LIBOR ARM 3.750% 1.000 3.868% 30 Year 4.375% 0.750 4.476(1) Disclosures