The Mortgage Industry has been through a lot of changes recently, most of which will benefit all of us in the long run as it will create a solid foundation for all borrowers!
Rates are great Right now! There are lot's of programs available for First Time Homebuyers and new increased amounts availabel for conforming loans, jumbo's and more!
I highly reccomend using a Professional Mortgage Broker to secure your loan.
Alphabetically:
Tom Smith @ Falcon Financial 530-274-8374, www.falconfinancialonline.com
Colleen Wilcox @ American Premier Mortgage 530-273-2522, Colleenw@sbcglobal.net
Jerome Witt @ Mission Hills Mortgage Bankers 530-790-4131, www.JeromeWitt.com
Leah Courant @ Coldwell Banker Mortgage 530-273-7293 ext.254, leah.courant@mortgagefamily.com
Rate Summary 11/7/2007:
Conforming
30 year fixed 6.410% @ Par APR: 6.501 (No changes)
3/1 ARM 6.125% @ Par APR: 6.213 (No changes)
5/1 ARM 6.060% @ Par APR: 6.148
7/1 ARM 6.250% @ Par APR: 6.340 (No changes)
10/1 ARM 6.290% @ Par APR: 6.380
Jumbo
30 year fixed 6.875% @ Par APR: 6.945 (No changes)
3/1 ARM 6.375% @ Par APR: 6.441
5/1 ARM Same as above
7/1 ARM 6.560% @ Par APR: 6.567
10/1 ARM 6.750% @ Par APR: 6.819
Govvies:
VA 30 year fixed 6.480% @ Par APR: 6.559
FHA 30 year fixed 6.500% @ Par APR: 6.592 (No changes)
Prime: 7.50%
Please note: these are general rates taken directly from a rate sheet.
Indexes:
1 yr Treasury 4.140
6 mo. Libor 5.1750
11th Dist COFI 4.3590
1 yr. Libor 4.9870
1 mo. Libor 5.1210
MTA 4.9330
Other Info:
Add for Manufactured Home: .500%
Conforming loan limit: $417,000
Nevada County CA FHA loan limit: 1 family = $362,790, 2 family = $464,449
CBM standard closing fees: $1,262.50
CBM “My Community” Mortgage Program: No money down
