Rate & Market Update
September 28, 2007
This update is provided as a service to my Realtor and Affinity-Partners as a means of obtaining legitimate current interest rates. Rates
are quoted as a range due to variations in purchase price, loan amount, LTV, SRP, subordinate financing, escrow waiver, lock period,credit score, asset reserves, job history, etc. Rates quoted are based on FNMA and FHLMC national averages.
Due to the Internet and other available public information our clients have greater access now than ever before to interest rate quotesand mortgage financing information in general. More information makes for more knowledgeable clients and that benefits everyoneinvolved. My greatest concern recently has been the amount of inaccurate information that our clients have to wade through and that sometimes lures them into situations that cause great hardship for them and all parties in the transaction.The information below is intended to be a tool that allows you to more confidently submit contract offers and give your clients an idea of real market interest rates. Rates are subject to change, even during the same day. Please contact me to get the current interest rate.
Conforming Fixed Rate FHA Jumbo Fixed Rate
6.125% @ .875 pt(s).
to
6.25% @ 0.375 pt(s).
6.25% @ 1.0 pt(s).
to
6.5% @ 1.125 pt(s).
Call for Pricing
1-Year ARM Conf. 3/1 Fixed to ARM Conf. 5/1 Fixed to ARM
Call for Pricing
5.625% @ 1.0 pt(s).
to
6.375% @ 0 pt(s).
5.875% @ 1.25 pt(s).
to
6.5% @ 0 pt(s).
Conf. 7/1 Fixed to ARM Jumbo 3/1 Fixed to ARM Jumbo 5/1 Fixed to ARM
6.0% @ 1.25 pt(s).
to
6. 5% @ 0 pt(s).
6.625% @ 1.125 pt(s).
to
7.875% @ .375 pt(s).
6. 75% @ 1.25 pt(s).
to
7.125% @ 0 pt(s).
Jumbo 7/1 Fixed to ARM VA CHFA
6.5% @ 0.5 pt(s).
to
7.0% @ 0.125 pt(s).
Call for Pricing
Call for Pricing
Stated Income 100% Financing 95% Jumbo Fixed
6.125% @ .875 pt(s).
to
6.375% @ 0.125 pt(s).
100% LTV
Stated Value
*Call for Rates!
Call for Pricing
Market Commentary
(707) 528-2600, ext. 1264
(800) 800-8412, ext. 1264
Cell: (707) 694-6826
dbeeson@cal-bay.com
*CalPERS Certified
Denise Beeson
Stock futures suggest a bit of profit-taking today even though there is some good economic news. The market is focused on thef act that the core PCE deflator – the Fed’s favorite inflation measure – was up just 0.1% for August. That was in line with expectations, but is still a very good number. Further good news comes from the less noticed solid gain in personalconsumption expenditures of 0.6% (also 0.6% after inflation adjustment). This follows a solid 0.4% gain in July. Personal consumption expenditures make up over 70% of GDP, and these two good gains at the start of the quarter will assure a decent third quarter GDP number. The market is very focused on economic data as recession concerns persist. The next really big economic release will be the September employment data a week from today. Even so, the market tone is stabilizing.
-Briefing.com