All mortgage programs, especially super conforming and super Jumbo loans created new historical low a few days after QE3 is announced.
Current no point, no fee best rates for qualified OO borrowers:
5/1 ARM 7/1 ARM 15 yr fixed 30 yr fixed
Conforming 2.5% 2.625% 2.75% 3.25%
up to $417k
Super Conforming 2.75% 2.875.% 2.75% 3.375%
up to $625.5k
(Qualifications: LTV <= 60%, FICO score >= 740, high loan amount, impound, no subordination, <= 4 loaned properties)
Jumbo 2. 625%-3% 2.75%-3.125% 3.375-3.75% 4%-4.375%
up to $2million ( DTI < 45%, FICO > 800 to get the best rate, min 700, LTV < 65%)
Rate varies based on loan amount, loan to value ratio, FICO score, program and terms, etc. Investment property rate is also at historical low.
Sincerely,
Diane Sun
Mortgage Broker
Wise Financial Services Inc.
Tel: 650-213-0063
Fax: 650-475-1802
Cell: 408-202-9460
email: diane@gotowise.com
web: www.gotowise.com
NMLS #344577 / #324384
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