Rates have stabilized in the early goings this week. The markets ended up (slightly) today ahead of the Fed meeting scheduled for tomorrow and Wednesday. Again, please be aware that Thursday could be a big day on Wall Street and in the mortgage market depending on what sweeping decisions are made.
I cannot stress enough - Rates are Great! It doesn't get much better than it is right now! The smart money is playing right now!
Also, please be aware that a lot of our competition is preemptively raising their rates to help manage volume issues. However, W.R. Starkey is still in line with the market.
Today's rates: 30 Yr Fixed: 4.875% (5.132% APR) Conforming Loan - Based on 1% Origination, $200,000 loan amount.
15 Yr Fixed: 4.75% (4.926% APR) Conforming Loan -Based on 1% Origination, $200,000 loan amount.
30 Yr Fixed: 5.5% (5.729% APR) FHA Loan - Based on 1% Origination, $200,000 loan amount.
Jumbo 5 Year ARM: 4.75% (5.012% APR) Jumbo - Based on 1% Origination, $1,000,000 loan amount
Jumbo 7 Year ARM: 5.125% (5.393% APR) Jumbo - Based on 1% Origination, $1,000,000 loan amount
30 Yr Fixed: 6.5% (7.128% APR) Investment Property - Based on 1% Origination, $100,000 Loan Amount***
(Green = Rate Improved / Red = Rate Worsened / Black = Rate Unchanged)
These are just a few of the products I have to offer. Please call me if you a have a specific program type in mind and I'll be happy to customize a quote for you.
Got a client you need prequalified? Give me a call!
Have a great day! Max Robertson Sales Manager W.R. Starkey Mortgage www.LoansByMax.com Phone: 704-439-3481 Cell: 704-490-2774 Fax: 704-439-3490
