Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties). Conforming rate quote below based on owner occupied, "full doc" with minimum credit scores of 680 with an 80% loan to value or lower and a loan amount of $400,000. Rates quoted are priced based on a 45 day lock with 1 point and there are no prepayment penalties on any of the rates quoted below.
30 Year Fixed: 6.500% (APR 6.644%). Payment per $1000 = $6.32.
30 Year Fixed with 10 Year Interest Only: 6.625%%% (APR 6.667%). Payment per $1000 = $5.52.
40 Year Fixed: 6.750% (APR 6.899%). Payment per $1000 = $6.03.
7/1 ARM: 6.125%% (APR 6.281%). Payment per $1000 = $6.08.
5/1 ARM: 6.000% (APR 6.144%). Payment per $1000 = $6.00.
5/1 ARM with 10 Year Interest Only: 6.125% (APR 6.270%). Payment per $1000 = $5.10.
JUMBO (Non-Conforming) Rates. Pricing is based on the same criteria above, with the exception that the loan amount is $417,001-$650,000 (20% down).
30 Year Fixed: 6.625% (APR 6.779%). Payment per $1000 = $6.40.
30 Year Fixed with interest only payments: 6.750% (APR 6.906% ). Payment per $1000 = $5.63.
40 Year Fixed: 6.750% (APR 6.910 %). Payment per $1000 = $6.03.
5/1 ARM: 6.250% (APR 6.401%). Payment per $1000 = $6.16.
5/1 ARM with 10 Year interest only payments: 6.250% (APR 6.409%). Payment per $1000 = $5.21
Please do not select your Mortgage Professional by interest rates alone and do not shop rates by APR. This is just a small sample available of rates and products. Rates are as of 9:30 this morning. For your personal rate quote or for loan amounts over $650,000, please contact me.
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