Maureen Megowan's Blog

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Interest Rates remain low

Interest rates on U.S. 30-year fixed-rate mortgages averaged 5.04 percent for the week ending September 24, unchanged from the previous week, according to a survey released on Thursday by home funding company Freddie Mac.

That is the lowest rate since 4.91 percent in the week ending May 28. Mortgage rates have hovered around 5 percent, widely viewed as a key psychologically level, for several weeks, but have stayed above 5 percent for 17 weeks.

Here are some loan programs currently being offered by Ron Goodli of Coast Capital Group at 310-798-5514 :

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

These rates are available at a 0-1.5pt origination fee plus standard closing costs. Rates based on fico score, impound account, loan to value and lock period...

30yr fixed loan      4.5% - 5%             (5.125%APR)

10/1 ARM fixed      4.125% - 4.5%       (4.81% APR)

5/1 ARM fixed       3.49% - 3.75%        (3.81% APR)

 

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

These rates are available at a 0-1.5Pt's origination fee plus standard closing costs. Rates based on fico score, impound account, loan to value and lock period...potential for interest only

30yr fixed loan      4.625% - 5.125%         (5.375%APR)

7/1 ARM fixed       4.25% - 4.625%           (4.786% APR)

 5/1 ARM fixed      3.875%  - 4.125%         (4.23% APR)

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

These rates are available at a 0-1.5Pt's 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%    1.625Pt's        (5.34% APR)

10/1 ARM fixed         5.0%  - 5.375%               (5.63% APR)

7/1 ARM fixed           4.875%  -   5.125%         (5.125% APR)

5/1 ARM fixed          4.375% - 4.625%            (4.745% APR)

3/1 ARM fixed          4.0%  -  4.25%                (4.33% APR)

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

These rates are available at a 0-1pt 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      5.25 -    5.50%               (5.735% APR)

7/1 ARM fixed        4.875% - 5.125%            (5.269% APR)

 5/1 ARM fixed       4.625%-  5.0%                (5.128% APR)

 3/1 ARM fixed       4.125% - 4.375%            (4.399% 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 3 commentsMaureen Megowan • September 29 2009 07:45PM

Comments

Maureen

The 5/1 conforming looks like a bargain.

Posted by Moshe Cohen, PhD (Valuation Solutions) about 9 years ago

The rates are absolutely incredible, I cannot understand why more buyers are not out there.

Posted by Ellen Crawford, Alpharetta Real Estate Agents & Alpharetta REALTOR (Crye-Leike REALTORS®) about 9 years ago

I never thought I would see these rates in my lifetime.  Ellen, there are plenty of buyers out there, some people just aleady have a home, and some do not want to buy.  But, there are still some people looking to buy even with all the fear. 

Posted by Brian Griffis (Realty Choice) about 9 years ago

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