Maureen Megowan's Blog

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Interest Rate Update

The following are interest rate quotes from Ron Goodlin at Coast Captal Group at ron@coastcapitalgroup.com :

Loan amounts from $150,000-$417,000

 Options:These rates are available at a 1pt origination fee plus standard closing costs. Rates based on fico score ">740", impound account, loan to value "<60%"  and lock period "30 days"...

30yr fixed loan      4.50%                       (4.64% APR)

10/1 ARM fixed      4.0    %                       (4.22% APR)

 5/1 ARM fixed       3.625%                       (3.75% APR)

 

Loan amouts from $417,000-$729,750..Program is GONE by the end of the year....

 Options:These rates are available at a 1pt origination fee plus standard closing costs. Rates based on fico score ">740", impound account, loan to value "<60%"  and lock period "30 days"...

30yr fixed loan      4.75%                       (4.89% APR)

7/1 ARM fixed       4.0%                            (4.125% APR)

 5/1 ARM fixed      3.625%                        (3.83% APR)

Loan amounts from $729,750- $2,000,000

Options: These rates are available at a 1pt origination fee plus standard closing costs. Rates based on fico score, loan to value, lock period and banking relationship... Potential for Interest only payment..

30yr fixed                  4.875%    1.75Pt's         (5.56% APR)

10/1 ARM fixed         5.5%                              (5.75% APR)

7/1 ARM fixed           5.125                             (5.29% APR)

 5/1 ARM fixed          4.875%                          (4.98% APR)

 3/1 ARM fixed          4.5%                              (4.65% APR)

 Loan amounts from $2,000,000- $10,000,000:

Options: These rates are available at a 1pt origination fee plus standard closing costs. Rates based on fico score, loan to value, lock period and banking relationship... Potential for Interest only payment..

10/1 ARM fixed      5.625%                           (5.75% APR)

7/1 ARM fixed        5.25%                             (5.369% APR)

 5/1 ARM fixed       4.875%                           (5.128% APR)

 3/1 ARM fixed       4.625%                           (4.75% APR)

6 month arm           3.0%                               (5.125%APR)

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.

Comment balloon 1 commentMaureen Megowan • November 16 2009 06:43PM
Interest Rate Update
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