Rates have improved from where we ended the week last week. The markets ended

 

down overall today with mortgage backed securities edging up in price due to a pretty

 

steep drop in the bond market today.

 

 

It still appears that some of our competitors are pricing themselves out of the market to

 

control volume. I had two rate shoppers call in today who refused to believe my rates

 

based on what they were hearing from their banks!

 

W.R. Starkey had its best single month ever last month and is on course to have an

 

even better month this month! In anticipation of the huge increase in volume, we've

 

increased our capacity to fund loans by $200,000,000! 

  

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% (5.292% 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.

 

 

 

Max Robertson

Sales Manager

W.R. Starkey Mortgage

(P) 704.439.3481

(F)  866.662.8110

(M) 704.490.2774

maxrobertson@wrstarkey.com

www.loansbymax.com <http://www.loansbymax.com/