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October 23, 2005
This Week News: Rate Trend is Up! Mortgage Rates are .125% higher than last week
0 Point Loans Are available on all loan products. You can also avoid Private Mortgage Insurance (PMI) by obtaining a first and second home loan. Please call me at 310-534-8074 for details. Also all rates below subject to borrowers FICO credit score, debt to income ratio and lenders formal loan approval and are ALL RATES subject to change without notice.
| Mortgage Interest Rates |
| Rates as of 10/23/2005: |
|
Conforming Programs
$150,000 - $400,000 | |
|
Jumbo Programs
$400,001 - $650,000 | |
|
Conforming 30 Year Fixed loan details |
|
Rates |
Points |
APR |
|
5.125% |
3.000 |
5.475% |
|
5.250% |
2.000 |
5.509% |
|
5.375% |
1.250 |
5.566% |
|
5.500% |
0.750 |
5.645% |
|
5.625% |
0.000 |
5.702% | |
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Jumbo 30 Year Fixed loan details |
|
Rates |
Points |
APR |
|
5.500% |
2.500 |
5.762% |
|
5.625% |
2.000 |
5.842% |
|
5.750% |
1.250 |
5.897% |
|
5.875% |
0.750 |
5.976% |
|
6.000% |
0.000 |
6.031% | |
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Conforming 20 Year Fixed loan details |
|
Rates |
Points |
APR |
|
5.125% |
4.000 |
5.727% |
|
5.250% |
3.000 |
5.726% |
|
5.375% |
2.000 |
5.726% |
|
5.500% |
1.000 |
5.727% |
|
5.625% |
0.000 |
5.728% | |
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Jumbo 20 Year Fixed loan details |
|
Rates |
Points |
APR |
|
5.500% |
3.125 |
5.932% |
|
5.625% |
2.500 |
5.979% |
|
5.750% |
1.750 |
6.010% |
|
5.875% |
1.000 |
6.042% |
|
6.000% |
0.000 |
6.042% | |
|
Conforming 15 Year Fixed loan details |
|
Rates |
Points |
APR |
|
4.750% |
3.000 |
5.345% |
|
4.875% |
2.500 |
5.392% |
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5.000% |
1.750 |
5.400% |
|
5.125% |
1.250 |
5.448% |
|
5.250% |
0.000 |
5.379% | |
|
Jumbo 15 Year Fixed loan details |
|
Rates |
Points |
APR |
|
5.125% |
3.125 |
5.666% |
|
5.250% |
2.250 |
5.653% |
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5.375% |
1.625 |
5.680% |
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5.500% |
0.750 |
5.668% |
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5.625% |
0.000 |
5.677% | |
|
Conforming 3/1 ARM loan details |
|
Rates |
Points |
APR |
|
4.375% |
2.000 |
6.288% |
|
4.500% |
1.500 |
6.282% |
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4.625% |
1.000 |
6.273% |
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4.750% |
0.750 |
6.281% |
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4.875% |
0.000 |
6.242% | |
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Jumbo 3/1 ARM loan details |
|
Rates |
Points |
APR |
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4.750% |
3.250 |
6.471% |
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4.875% |
2.000 |
6.383% |
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5.000% |
1.249 |
6.343% |
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5.125% |
0.750 |
6.328% |
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5.250% |
0.000 |
6.289% | |
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Conforming 5/1 ARM loan details |
|
Rates |
Points |
APR |
|
4.750% |
1.750 |
6.121% |
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4.875% |
1.250 |
6.122% |
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5.000% |
1.000 |
6.147% |
|
5.125% |
0.750 |
6.172% |
|
5.250% |
0.000 |
6.151% | |
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Jumbo 5/1 ARM loan details |
|
Rates |
Points |
APR |
|
4.875% |
2.000 |
6.145% |
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5.000% |
1.500 |
6.147% |
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5.125% |
1.000 |
6.149% |
|
5.250% |
0.500 |
6.151% |
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5.375% |
0.000 |
6.152% | |
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Conforming 7/1 loan details |
|
Rates |
Points |
APR |
|
4.875% |
2.000 |
5.990% |
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5.000% |
1.625 |
6.018% |
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5.125% |
1.000 |
6.023% |
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5.250% |
0.500 |
6.039% |
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5.375% |
0.000 |
6.056% | |
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Jumbo 7/1 ARM loan details |
|
Rates |
Points |
APR |
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5.250% |
2.250 |
6.155% |
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5.375% |
1.625 |
6.159% |
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5.500% |
0.999 |
6.164% |
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5.625% |
0.500 |
6.181% |
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5.750% |
0.000 |
6.197% | |
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Conforming 10/1 loan details |
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Rates |
Points |
APR |
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5.125% |
3.000 |
5.996% |
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5.250% |
2.250 |
6.007% |
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5.375% |
1.500 |
6.018% |
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5.500% |
0.750 |
6.029% |
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5.625% |
0.000 |
6.041% | |
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Jumbo 10/1 ARM loan details |
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Rates |
Points |
APR |
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5.375% |
2.500 |
6.064% |
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5.500% |
1.875 |
6.087% |
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5.625% |
1.250 |
6.110% |
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5.750% |
0.750 |
6.144% |
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5.875% |
0.000 |
6.156% | |
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Conforming Adjustable loan details |
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Rates |
Points |
APR |
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3.625% |
0.000 |
5.368% |
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% |
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% |
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% |
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% |
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% |
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% |
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% |
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% | |
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Jumbo Adjustable loan details |
|
Rates |
Points |
APR |
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4.500% |
0.000 |
5.483% |
|
% |
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% |
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% |
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% |
|
% |
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% |
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% |
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% | |
Assumptions:
Rates may change daily, and without notice. Rates and fees can vary from state to state. The rates quoted are based on borrower’s good credit scores and proper verification of income and assets. Rates can be affected by lower than average credit scores and / or if the borrower requires a stated income loan as an alternative to providing proper supporting income and asset documentation.
The rates quoted on our website are based on the typical mortgage scenarios as shown below. Our quoted rates require escrows (impounds) for property taxes and hazard insurance but are not reflected in the monthly payment shown below. Arrangements can be made to eliminate the escrow (impound) accounts. Please ask us for the details.
CONFORMING
| Term: |
30 year fixed |
| Loan Size: |
$200,000 |
| Down payment: |
20% |
| Loan purpose: |
Purchase Only |
| Property type: |
Single-family |
| Occupancy: |
Owner-occupied |
| Lock period: |
30 days |
| Prepayment penalty: |
None |
| Monthly Payment: |
360 monthly payments of $ 1151.31 |
JUMBO
| Term: |
30 year fixed |
| Loan Size: |
$450,000 |
| Down payment: |
20% |
| Loan purpose: |
Purchase Only |
| Property type: |
Single-family |
| Occupancy: |
Owner-occupied |
| Lock period: |
30 days |
| Prepayment penalty: |
None on fixed rates. May apply on Fixed / ARM programs. |
| Monthly Payment: |
360 monthly payments of $ 2697.97 |
|
| *Rates are subject to change due to market fluctuations and borrower's eligibility |
If you are still interested in lowering your monthly payment or getting additional cash out I would love to sit down with you to see if any of these products will help you out financially. Also, if you are still looking to purchase a new home, you can choose from any of these products or any of our 100% financing options. If you are interested and would like to talk with me or receive a Good Faith Estimate, simply send me an email with what you are looking for and I will find a product that works for you. Also, feel free to call me with any questions that you may have about any type of product that you have come across that might interest you. I thank you for your time and I look forward to hearing from you soon!
Sincerely,
Sam Xavier, Realtor Associate
Re/Max Execs South Bay
23740 Hawthorne Blvd
2nd Floor
Torrance, CA 90505
310-534-8074 Office
310-534-8346 Fax
samxavier@sbcglobal.net email
www.buynsellyourhouse.com |
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