Mortgage Rates| Hoboken

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From The IHR Rate guy… See him on Fox Business News!!!

Can Housing Market Bounce Back?

REVISED December 15th,, 2009—- 12:30 PM ET
Lock Period = 45 Days

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

30 YEAR FIXED —————————- 4.875%/ 4.906% APR

30 YEAR FIXED INTEREST ONLY— 5.250%/ 5.282% APR

15 YEAR FIXED—————————– 4.375%/ 4.428% APR

5 / 1 ARM————————————- 3.875%/ 4.144% APR

7/1 ARM ———————————— 4.250%/ 4.280% 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 ————————- 5.375%/ 5.392% APR

15 YEAR FIXED ————————- 4.625%/ 4.641% APR

** Loan amount restrictions based on county and property type.

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

30 YEAR FIXED————————— 5.625%/ 5.640% APR

30 YEAR FIXED INTEREST ONLY– 5.875%/ 5.890% APR
15 YEAR FIXED————————— 4.875%/ 4.890% APR
5 / 1 ARM————————————- 4.250%/ 4.266%APR

7/1 ARM ————————————– 4.625%/ 4.404% 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**

**Keep in mind that every borrowers situation is different, and each must be evaluated individually.**

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

www.mundymortgages.com

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