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Rates
Rates
Rates
Friday, 03 September 2010 11:53 |
· Monday, August 3, 2009: conforming and jumbo rates are down.
· Please note the table pricing has changed with adjustment criteria listed below. The table is based upon a borrower with "platinum" credit, and an appraisal, which supports a 60% loan-to-value ratio, or lower. With these adjustments, it becomes more difficult to follow the pricing for your loan, unless you fall into the above category. However, we are pricing in this manner in our on-going quest to pass on the best pricing to all of our “A” paper customers. Therefore, you must know both your credit score and your loan-to-value ratio in order to determine the pricing applicable to you. Please call or email with any questions you may have at
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. View Rich Young's profile
· Note from Thursday, July 9, 2009: Rates are coming back down. Please get your outstanding loan conditions satisfied and the loan fully approved with NO Prior to Doc and NO Prior to Funding conditions. That way you can lock, doc, and close when rates hit your goal!
· Click here for the most recent bond market update.
15 Day Locks as of: Monday, August 3, 2009 at 2:37 PM PST
- Friday, September 3, 2010: Conforming and jumbo rates are static.
- Please note the table pricing has adjustment criteria listed below. The table is based upon a borrower with "platinum" credit, and an appraisal, which supports a 60% loan-to-value ratio, or lower. With these adjustments, it becomes more difficult to follow the pricing for your loan, unless you fall into the above category. However, we are pricing in this manner in our on-going quest to pass on the best pricing to all of our “A” paper customers. Therefore, you must know both your credit score and your loan-to-value ratio in order to determine the pricing applicable to you. Please call or email with any questions you may have at This e-mail address is being protected from spambots. You need JavaScript enabled to view it . View Rich Young's profile
25 Day Locks as of: Friday, September 3, 2010 - 11:53 AM PST
| Conforming Loans - up to $417,000 | |||
|
LOAN TYPE
|
NOTE RATE %
|
POINTS
|
APR
|
|
30 year fixed
|
4.250
|
0
|
4.278
|
|
4.000
|
1
|
4.112
|
|
|
3.875
|
2
|
4.077 | |
|
15 year fixed
|
3.750
|
0
|
3.811
|
|
3.625
|
1
|
3.833
|
|
|
3.500
|
2
|
3.856
|
|
| High Balance Loans up to $729,750 | |||
|
LOAN TYPE
|
NOTE RATE %
|
POINTS
|
APR
|
|
30 year fixed
|
4.375
|
0
|
4.540
|
|
4.250
|
1
|
4.353
|
|
|
4.125
|
2
|
4.313
|
|
|
15 year fixed
|
3.875
|
0
|
3.910
|
|
3.750
|
1
|
3.932
|
|
|
3.625
|
2
|
3.956
|
n/a - not available
Assumptions of above pricings are based upon: platinum credit >800 credit score, full documentation, loan amount >$400,000 and <$417,001 with a loan-to-value ratio of = or < 60%.
All adjustments below apply to Conforming and Agency High Balance loan amounts.
- Adjustment: add .25 to the fee (or points column) if your loan-to-value ratio is higher than 60%.
- Adjustment: sterling credit 750-799 - add .25 to the fee
- Adjustment: gold credit 720-740 - add .375 to the fee
- Adjustment: silver credit 680-720 - add .50 to the fee
To lock, ARM must have in its possession a fully completed loan application, a completed appraisal, and a fully approved loan with all conditions from the lender satisfied.