St. Patty’s Day Hoboken Mortgage Rates

Print Friendly, PDF & Email
Print Friendly, PDF & Email
Paddy was driving down Washington Street in a sweat because he had an important meeting and couldn’t find a parking place. Looking up to heaven he said, ‘Lord take pity on me. If you find me a parking place I will go to Mass every Sunday for the rest of me life and give up me Irish Whiskey!
Miraculously, a parking place appeared.

Paddy looked up again and said, ‘Never mind, I found one.

Happy St. Patrick’s Day

From The IHRE Mortgage Rate Guy

REVISED March 17th, 2010—- 10:30 AM ET
Lock Period = 30 Days

CONVENTIONAL CONFORMING LOANS (loans less than or equal to $417,000)
30 YEAR FIXED —————————- 4.875%/ 4.891% APR
30 YEAR FIXED INTEREST ONLY— 5.375%/ 5.657% APR
15 YEAR FIXED—————————– 4.250%/ 4.411% APR
5 / 1 ARM————————————- 3.500%/ 3.321% APR
7/1 ARM ———————————— 4.000%/ 3.816% 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%/ 5.131% APR
15 YEAR FIXED ————————- 4.625%/ 4.641% APR
** Loan amount restrictions based on county and property type.
***There is 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————————— 5.625%/ 5.891% APR
30 YEAR FIXED INTEREST ONLY– 5.875%/ 6.131% APR
15 YEAR FIXED————————— 4.875%/ 5.140% APR
5 / 1 ARM————————————- 4.375%/ 4.316%APR
7/1 ARM ————————————– 4.625%/ 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 or rates on FHA loans**
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.
mmundy@pinnaclemortgage.biz
www.mundymortgages.com

Speak Your Mind

*