California Mortgage Rate Update: 04/25/11

By
Mortgage and Lending with RPM Mortgage, Marin County, CA CA BRE: 01297944
Below are today's interest rates for RPM's loan programs.  For specific pricing on your scenario, and to get pre-approved without cost or obligation for any of these loan products below, simply call 877-270-5959 or e-mail rspinosa@rpm-mtg.com

Access The Mortgage Dictionary on YouTube to view short videos that define and explain the most important terms and concepts in home financing. 

All pricing below is at 0 points unless otherwise noted:

 
Conforming Loans (up to $417,000)
 
30-Year Fixed
Rate:  4.750%
APR:  4.774%
 
15-Year Fixed
Rate:  4.000%
APR:  4.034%
 
7/1 ARM
Rate:  3.625%
APR:  3.824%

5/1 ARM
Rate:  3.250%
APR:  3.460%
 
FHA 30-Year Fixed (96.5% Financing)
 
FHA 30-Year Fixed
Rate:  4.750%
APR:  5.067%
 
Agency Jumbo Loans (max amounts per County limits)
 
30-Year Fixed
Rate:  4.875%
APR:  4.899%
 
15-Year Fixed
Rate:  4.250%
APR:  4.284%

5/1 ARM
Rate:  3.625%
APR:  3.796% 
 
Traditional Jumbo Loans (Everything above $729,750)
 
30-Year Fixed
Rate:  5.375%
APR:  5.399%
 
15-Year Fixed
Rate:  4.875%
APR:  4.909%

10/1 ARM
Rate:  5.000%
APR:  5.183%
 
5/1 ARM
Rate:  4.250%
APR:  4.573%
 

Assumptions

*30 day rate lock.
*Debt ratio less than 45%.
*Fully documented income.
*FICO score of 760 or greater.
*Loan-to-value of 70% or less.
*Primary home, PURCHASE TRANSACTION.
*Other programs available upon request, just ask!

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Topic:
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Groups:
CALIFORNIA DREAMING
ORANGE COUNTY, CA REAL ESTATE
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Tags:
mortgage
home loan
interest rate
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california
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rob spinosa
apr

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