Current Interest rate Environment

[HLS]

10 YR ARM rate is fixed for 10 years. It is bought by GSE’s.

For primary residence, it is usually available at the same rate whether you want interest only or a 30 YR amortization payment.
The rate will change in year 11 (Payment #121)

For investment property, you MUST take the amortized payment.

There is no prepayment penalty.

When the rate is the same, I recommend taking the I/O payment as your obligation, but pay the amortized payment if you wish.

One never knows when they might run into financial difficulty, and the obligation of the lower payment is a benefit.

Other lenders might offer different terms, but the prime lender rates require the above.

I am also seeing that GSE’s will no longer loan on non-owner condos, regardless of credit score or LTV (at the moment)

This is NOT a good thing with those that have condo rentals.

[Raybyrnes]

Any update on where 30 and 15 year fixed rates are at. Full doc, 40% equity on home. Aimloan is advertising 4.5 on a 30 and 3.875 on a 15 year.

[Raybyrnes]

Any update on where 30 and 15 year fixed rates are at. Full doc, 40% equity on home. Aimloan is advertising 4.5 on a 30 and 3.875 on a 15 year.

[Raybyrnes]

Any update on where 30 and 15 year fixed rates are at. Full doc, 40% equity on home. Aimloan is advertising 4.5 on a 30 and 3.875 on a 15 year.

[Raybyrnes]

Any update on where 30 and 15 year fixed rates are at. Full doc, 40% equity on home. Aimloan is advertising 4.5 on a 30 and 3.875 on a 15 year.

[Raybyrnes]

Any update on where 30 and 15 year fixed rates are at. Full doc, 40% equity on home. Aimloan is advertising 4.5 on a 30 and 3.875 on a 15 year.

[ucodegen]

[quote Raybyrnes]
Any update on where 30 and 15 year fixed rates are at. Full doc, 40% equity on home. Aimloan is advertising 4.5 on a 30 and 3.875 on a 15 year.
[/quote]

Probably some sort of ‘tease’ to get people in the door. Freddie Mac is showing 4.69/0.7pt for 30 and 4.13/0.6pt for 15 year — not that a person will actually get that since Freddie Mac is a ‘refinancer’ and not an ‘originator’.. I would add in about 0.20 for the ‘originator’s cut.

http://www.freddiemac.com/pmms/release.html?week=25&year=2010

[ucodegen]

[quote Raybyrnes]
Any update on where 30 and 15 year fixed rates are at. Full doc, 40% equity on home. Aimloan is advertising 4.5 on a 30 and 3.875 on a 15 year.
[/quote]

Probably some sort of ‘tease’ to get people in the door. Freddie Mac is showing 4.69/0.7pt for 30 and 4.13/0.6pt for 15 year — not that a person will actually get that since Freddie Mac is a ‘refinancer’ and not an ‘originator’.. I would add in about 0.20 for the ‘originator’s cut.

http://www.freddiemac.com/pmms/release.html?week=25&year=2010

[ucodegen]

[quote Raybyrnes]
Any update on where 30 and 15 year fixed rates are at. Full doc, 40% equity on home. Aimloan is advertising 4.5 on a 30 and 3.875 on a 15 year.
[/quote]

Probably some sort of ‘tease’ to get people in the door. Freddie Mac is showing 4.69/0.7pt for 30 and 4.13/0.6pt for 15 year — not that a person will actually get that since Freddie Mac is a ‘refinancer’ and not an ‘originator’.. I would add in about 0.20 for the ‘originator’s cut.

http://www.freddiemac.com/pmms/release.html?week=25&year=2010

[ucodegen]

[quote Raybyrnes]
Any update on where 30 and 15 year fixed rates are at. Full doc, 40% equity on home. Aimloan is advertising 4.5 on a 30 and 3.875 on a 15 year.
[/quote]

Probably some sort of ‘tease’ to get people in the door. Freddie Mac is showing 4.69/0.7pt for 30 and 4.13/0.6pt for 15 year — not that a person will actually get that since Freddie Mac is a ‘refinancer’ and not an ‘originator’.. I would add in about 0.20 for the ‘originator’s cut.

http://www.freddiemac.com/pmms/release.html?week=25&year=2010

[ucodegen]

[quote Raybyrnes]
Any update on where 30 and 15 year fixed rates are at. Full doc, 40% equity on home. Aimloan is advertising 4.5 on a 30 and 3.875 on a 15 year.
[/quote]

Probably some sort of ‘tease’ to get people in the door. Freddie Mac is showing 4.69/0.7pt for 30 and 4.13/0.6pt for 15 year — not that a person will actually get that since Freddie Mac is a ‘refinancer’ and not an ‘originator’.. I would add in about 0.20 for the ‘originator’s cut.

http://www.freddiemac.com/pmms/release.html?week=25&year=2010

[SD Realtor]

Rates are smoking right now. Simply look at the 10 year yield.

[SD Realtor]

Rates are smoking right now. Simply look at the 10 year yield.

[SD Realtor]

Rates are smoking right now. Simply look at the 10 year yield.

[SD Realtor]

Rates are smoking right now. Simply look at the 10 year yield.

[Author]

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