Hoboken Mortgages | Rate Update

Hoboken Mortgages, Rate Update

I'm afraid it's bad news. Rates are up again. This must mean that the fed is hiding good news from us! When there is positive news in the economy, rates go up.

Look at it on the bright side, good news is good news, and at 5% that's still low!!

From Mike Mundy @ Pinnacle Mortgage - mmundy@pinnaclemortgage.biz

REVISED December 15^th, 2010---- 8:00 PM ET
Lock Period = 45 Days

CONVENTIONAL CONFORMING LOANS  (loans less than or equal to $417,000)   

30 YEAR FIXED ---------------------------- 5.000%/ 5.093% APR

30 YEAR FIXED INTEREST ONLY--- 5.250%/ 5.268% APR

15 YEAR FIXED----------------------------- 4.375%/ 4.462% APR

5 / 1 ARM------------------------------------- 3.625%/ 3.268% APR

7/1 ARM ------------------------------------  3.875%/ 3.521% APR

* All quotes are with 0 points
*Investment Properties --- ** Add 1.75 points  (if 25% down)**
*There is a rate increase for cash-out refinance transactions over 60% Loan to Value, or condominiums over 75% LTV*