Hoboken Mortgage Rates Update

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Hoboken Mortgage Rates from the IHRE Mortage guy…..

REVISED January 30th, 2010—- 3:00 PM ETLock Period = 30 Days
CONVENTIONAL CONFORMING LOANS (loans less than or equal to $417,000)

30 YEAR FIXED —————————- 5.000%/ 5.036% APR
30 YEAR FIXED INTEREST ONLY—– 5.625%/ 5.657% APR
15 YEAR FIXED—————————– 4.375%/ 4.411% APR
5 / 1 ARM————————————- 3.750%/ 3.621% APR
7/1 ARM ————————————- 4.250%/ 4.016% APR
* All quotes are with 0 points*Investment Properties — ** Add 1.75 points (if 25% down)***There may be 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 ————————- 5.250%/ 5.279% APR
15 YEAR FIXED ————————- 4.625%/ 4.641% APR
** Loan amount restrictions based on county and property type.
***There may be a rate increase for cash-out refinance transactions over 60% Loan to Value, or condominiums over 75% LTV

CONVENTIONAL JUMBO LOANS (Fixed rate programs greater than high-balance conforming, ARM programs greater than $417,000)

30 YEAR FIXED————————— 5.990%/ 6.015% APR
30 YEAR FIXED INTEREST ONLY– 6.250%/ 6.271% APR
15 YEAR FIXED————————— 5.125%/ 5.140% APR
5 / 1 ARM————————————- 4.500%/ 4.316%APR
7/1 ARM ————————————– 4.750%/ 4.556% APR
** All non-conforming loans need to be discussed in detail

*** Special Program 15/ 30 ARM —–5.000% / 4.922% APR — .50% Points — Loans up to $1,000,000!!!

**Please call for rates on loans over $1 million**

Total Fees Charged By Pinnacle Mortgage, Inc.
$350.00 — Application Fee (Includes Appraisal, Lock-in, Credit, Flood & Processing)
$395.00 — Commitment Fee (Wiring Funds, Attorney Review & Doc Preparation)
Michael Mundy Pinnacle Mortgage, Inc.Mobile — (973) 985-9948 mmundy@pinnaclemortgage.biz

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Hoboken Mortgage Rates

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