Hoboken Mortgage Rates

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Ok all of you “what’s today’s rate?” fans.. here it is the Hoboken mortgage rates from Inside Hoboken Real Estate’s special mortgage rate getter. www.mundymortgages.com

REVISED November 24th, 2009—- 4:00 PM ET
Lock Period = 45 Days
CONVENTIONAL CONFORMING LOANS (loans less than or equal to $417,000)
30 YEAR FIXED —————————- 4.875%, No Points
15 YEAR FIXED—————————– 4.250%, No Points
5 / 1 ARM————————————- 3.750%, No Points
7/1 ARM ————————————- 4.125%, No Points

Add .125% to Rate or .500 To Points For Loans <$80,000 or If Waiving Escrows
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 ————————- 5.125%, No Points
** Loan amount restrictions based on county and property type.
CONVENTIONAL JUMBO LOANS (30 year fixed greater than expanded conforming, every other program greater than $417,000)
30 YEAR FIXED————————— 5.625% No Points
15 YEAR FIXED————————— 5.000% No Points
5 / 1 ARM————————————- 4.250%, No Points
7/1 ARM ————————————– 4.750%, No Points
** All non-conforming loans need to be discussed in detail
*** Special Program 15/ 30 ARM —–5.000% — .50% Points — Loans up to $1,000,000!!!
**Please call for rates on loans over 1 million**
**Keep in mind that every borrowers situation is different, and each must be evaluated individually.**

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