Interest Rates through Northstone Mortgage, Issaquah, Sammamish, Redmond, Bellevue

By
Real Estate Agent with Northstone Real Estate Inc.

Interest Rates through Northstone Mortgage, Issaquah, Sammamish, Redmond, Bellevue

Buying, Selling, Refinancing, know all your options!

Rates ending the week of 04/05/2010-04/09/2010

Rates are always subject to change, and often do multiple times a day.  Rates are also subject to each individual circumstance and adjust based on credit score, loan to value, loan size just to name a few items.  My default pricing is at PAR, or with a slight rebate to lower the borrower's fees. 

Prices based on a 30 day lock, longer locks available with slightly higher fee.

04/09/2010

Note

   APR

Today's Rate

5.00%

  5.124%

 

 

 

Purchase Price

$500,000

 

20% Down

$100,000

 

Loan Amount

$400,000

 

Principle & Int.

$2,147.29

 

This week's rates started at 5.00% (5.124% APR).  Pricing was expected to rise as the Fed ended the practice of buying Mortgage Backed Securities on the secondary market.  Most of the week pricing was in this range but there were many mid-day adjustments to the fees.

Today's APR includes a Rebate of .125 %, which means we are priced below par.  Total buyer paid origination on this loan is only .875% or $4000 in this example. 

What about an ARM?  5/1 Adjustable Rate Mortgages were not worth considering when they didn't offer much if any savings.  Today, rates for this product make them worth taking a look at if your plans are shorter term.  If you expect to move, refinance or sell for any reason around 5 years from now, consider this very affordable option.  ARM Rates are up from last week, but still an affordable consideration under the right circumstances.

 

Note

 APR

Today's Rate

3. 375%

3.498%

 

 

 

Purchase Price

$500,000

 

20% Down

$100,000

 

Loan Amount

$400,000

 

Principle & Int.

$1,768.38

 

I post rates on Mondays & Fridays unless there are substantial changes.  Every scenario is different, but these are real rates available at the time of posting.  To discuss your situation and receive a specific no obligation quote, call or email Dan

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Did you like this post?  Do you know someone else who might?  Do you know anyone who might benefit from our services?  Please pass this along to family or friends or contact us, we love to help.

Dan Tabit       206-310-8629    425-868-SOLD(7653)  DanTabit@Northstone.net

One stop Real Estate & Mortgage Services Serving Sammamish, Issaquah, Redmond, Bellevue, Mercer Island and the greater Seattle area.  

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