Thursday, September 24, 2009
Frank Rexford with Integrated Mortgage Strategies just sent me the most recent interest rates. Take a look, they really don’t get much better than this.
Conforming Loan Scenarios: Based on 720 FICO score, 20% downpayment, 39% Debt Ratio, $280,000 purchase price, $224,000 loan amount
Conforming – 30 Year Fixed
4.875%
4.997%
Conforming – 20 Year Fixed
4.875%
5.042%
Conforming – 15 Year Fixed
4.250%
4.458%
Conforming – 7 Year ARM
4.250%
3.913%
Conforming – 5 Year ARM
3.750%
3.698%
Conforming – 3 Year ARM
3.625%
3.651%
Jumbo Loan Scenarios: Based on 720 FICO score, 20% downpmt for Fixed, 25% downpmt for ARMS,
45% Debt Ratio, $1,000,000 purchase price, loan amount: $800,000 Fixed, $750,000 ARMS
Jumbo – 30 Year Fixed
5.875%
5.933%
Jumbo – 7 Year ARM
4.500%
4.255%
Jumbo – 5 Year ARM
4.125%
4.103%
If you are interested in talking to Frank, here is his contact information:
Frank Rexford, CMPS®
Certified Mortgage Planning Specialist
direct 919-929-1980 cell 919-360-7864