|
|
|
MORTGAGE RATES
|
|
|
|
Friday,
May 9, 2008
|
Adjustable Rate Mortgages
Portfolio Loans ($10,000 to $1,000,000) |
|
APR MAY INCREASE/DECREASE
AFTER CONSUMMATION |
|
|
RATES |
POINTS |
APR % |
CAPS |
MARGIN |
|
|
|
|
|
|
|
|
1 Year |
5.000% |
0.000% |
5.01% |
2/6% |
3.00% |
|
|
4.750% |
1.000% |
5.08% |
2/6% |
3.00% |
|
|
|
|
|
|
|
|
3 to 1 Year |
5.250% |
0.000% |
5.07% |
2/6% |
3.00% |
|
|
5.000% |
1.000% |
5.10% |
2/6% |
3.00% |
|
|
|
|
|
|
|
|
5 to 1 Year |
5.500% |
0.000% |
5.20% |
2/6% |
3.00% |
|
|
5.250% |
1.000% |
5.19% |
2/6% |
3.00% |
|
|
|
|
|
|
|
|
7 to 1 Year |
5.875% |
0.000% |
5.45% |
2/6% |
3.00% |
|
|
5.625% |
1.000% |
5.41% |
2/6% |
3.00% |
|
|
Non-Owner Occupied
|
|
|
RATES |
POINTS |
CAPS |
MARGIN |
|
|
|
|
|
|
|
1 Year |
5.500% |
0.000% |
2/6% |
3.50% |
|
|
|
|
|
|
|
3 to 1 Year |
5.750% |
0.000% |
2/6% |
3.50% |
|
|
|
|
|
|
|
5 to 1 Year |
6.000% |
0.000% |
2/6% |
3.50% |
|
|
Land
|
|
RATES |
POINTS |
APR% |
CAPS |
MARGIN |
|
|
|
|
|
|
|
|
1 Year |
6.000% |
1.000% |
6.39% |
2/6% |
4.25% |
|
Disclosure
|
|
|
THE INDEX FOR ALL
OF THE ABOVE ARM PROGRAMS = 1 YEAR US TREASURY CONSTANT MATURITY
|
|
Fixed Rate
Secondary Market Loans
30 Year Fixed Conventional Mortgage Rates
|
|
|
|
|
RATES |
POINTS |
APR % |
|
|
|
|
|
6.250% |
0.000 |
6.26% |
|
6.125% |
0.500 |
6.18% |
|
6.000% |
0.875 |
6.09% |
|
5.875% |
1.375 |
6.02% |
|
5.750% |
1.875 |
5.94% |
|
5.625% |
2.500 |
5.87% |
|
|
|
|
|
|
|
The
APR is based upon a $100,000 mortgage and a 20% down payment.
For Example: Repayment based upon 6.00% for 360
payments is $599.75. Certain restrictions apply and
availability of these programs is subject to change without
notice. |
|
|
15 Year Fixed
Conventional Mortgage Rates
FNMA Maximum
|
|
|
RATES |
POINTS |
APR % |
|
|
|
|
|
5.750% |
0.000 |
5.77% |
|
5.625% |
0.625 |
5.74% |
|
5.500% |
1.000 |
5.67% |
|
5.375% |
1.375 |
5.61% |
|
5.250% |
1.750 |
5.54% |
|
5.125% |
2.250 |
5.49% |
|
|
|
|
|
|
|
The
APR is based upon a $100,000 mortgage and a 20% down payment.
For Example: Repayment based upon 5.500% for 180
payments is $817.21. Certain
restrictions apply and availability of these programs is
subject to change without notice.
|
|
|
OWNER OCCUPIED MINIMUM DOWN IS 5%.
NON OWNER OCCUPIED MINIMUM DOWN IS 30%.
|
|
|
|
|
