Hoboken Mortgage Rate: 5%

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The Latest Hoboken Mortage Rate:

REVISED February 9th, 2011—- 4:00 PM ET
Lock Period = 45 Days

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

30 YEAR FIXED —————————- 5.000%/ 5.083% APR

30 YEAR FIXED INTEREST ONLY— 5.375%/ 5.396% APR

15 YEAR FIXED—————————– 4.375%/ 4.391% APR

5 / 1 ARM————————————- 3.500%/ 3.211% APR

7/1 ARM ———————————— 3.875%/ 3.586% 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*

CONVENTIONAL HIGH BALANCE CONFORMING FIXED RATE LOANS (loans greater than $417,000, but less than $729,500)

30 YEAR FIXED ————————- 5.125%/ 5.136% APR

15 YEAR FIXED ————————- 4.500%/ 4.527% APR

** Loan amount restrictions based on county and property type. Cash-out refinances over 60% LTV not allowed.

***There is a rate increase for condominiums over 75% LTV***

CONVENTIONAL JUMBO LOANS (Fixed rate programs greater than high-balance conforming, ARM programs greater than $417,000 up to $1,000,000 loan amount)

30 YEAR FIXED————————— 5.375%/ 5.391% APR

30 YEAR FIXED INTEREST ONLY– 5.625%/ 5.638% APR
15 YEAR FIXED————————— 4.500%/ 4.527% APR
5 / 1 ARM————————————- 3.999%/ 3.623%APR

7/1 ARM ————————————– 4.250%/ 3.998% APR

** All non-conforming loans need to be discussed in detail

** ARM rates on jumbo products could be lower with a 25% down payment or more

** There may be a rate add-on for condominiums and multi-family homes

*** Special Program 15/ 30 ARM —–4.500% / 4.698% APR — .50% Points — Loans up to $1,000,000!!!

**Please call for rates on loans over $1 million or rates on FHA loans**
thanks mike mundy www.mundymortgages.com

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