The Bond Market is off a bit this morning after a better than expected housing reports. A report of the top 20 cities in the US indicated that the decline in housing prices may have leveled – and even begun to rise in Dallas and Denver. This is VERY good news and caused a run in the Stock Market. As you know, a run in the Stock Market often pulls money out of the Bond Market. However, we should be very happy to hear that kind of news.
CONVENTIONAL ( Loan amounts up to $417,000)
30 yr. Fixed – 5.250% APR 5.595% with .125% discount
15 yr. Fixed – 4.750% APR 4.970%
JUMBO (Loan amounts above $417,000)
30 yr. Fixed – 5.500% APR 5.720% (to $625,500 10% down) SL, Tooele, Summit Counties)
30 yr. Fixed – 6.125% APR 6.345% (to $700,000 20% down)
30 yr. Fixed - 6.375% APR 6.595% (to $850,000 25% down)
THERE ARE BIG VARIACES IN JUMBO PROGRAMS AND RATES.
CALL ME TO DISCUSS YOUR SCENARIO.
FHA (Loan Limits - SL $417,000, Davis $389,850, Utah $271,050)
30 yr. fixed - 5.250% APR 5.750% with 620+ FICO
30 yr. fixed – 5.000% APR 5.500% with 740+ FICO
15 yr. Fixed - 4.500% APR 5.000%
FHA JUMBO (above $417,000 to max limit – SL, Tooele, Summit Co)
30 yr. Fixed – 5.375% APR 5.875% with 660+ FICO
UTAH HOUSING
30 yr. Fixed - 5.350% APR 5.850% (Rates announced Friday afternoons)
RURAL HOUSING
30 yr. Fixed - 5.500% APR 6.000%
0 Home Run Grants remaining. *****
**Rates are subject to change with market and loan size.
**Rates are subject to credit qualifying and down payment.
**Rates are based on a 30 day lock period.
**Rates are based on a 740 FICO for Conventional Loans
**Rates are based on a 620/660/740 FICO for FHA Loans
Info provided by Graystone Mortgage
Tuesday, June 30, 2009
Thursday, June 25, 2009
Interest Rates
CONVENTIONAL ( Loan amounts up to $417,000)
30 yr. Fixed – 5.375% APR 5.595%
15 yr. Fixed – 4.875% APR 5.095%
JUMBO (Loan amounts above $417,000)
30 yr. Fixed – 5.625% APR 6.095% (to $625,500 10% down) SL, Tooele, Summit Counties)
30 yr. Fixed – 6.125% APR 6.345% (to $700,000 20% down)
30 yr. Fixed - 6.375% APR 6.595% (to $850,000 25% down)
THERE ARE BIG VARIACES IN JUMBO PROGRAMS AND RATES.
CALL ME TO DISCUSS YOUR SCENARIO.
FHA (Loan Limits - SL $417,000, Davis $389,850, Utah $271,050)
30 yr. fixed - 5.375% APR 5.500%
30 yr. fixed – 5.250% APR 5.500% with 740+ FICO
15 yr. Fixed - 4.500% APR 5.000%
FHA JUMBO (above $417,000 to max limit – SL, Tooele, Summit Co)
30 yr. Fixed – 5.500% APR 6.000% with 660+ FICO
UTAH HOUSING
30 yr. Fixed - 5.350% APR 5.850% (Rates announced Friday afternoons)
RURAL HOUSING
30 yr. Fixed - 5.500% APR 6.000%
0 Home Run Grants remaining. *****
**Rates are subject to change with market and loan size.
**Rates are subject to credit qualifying and down payment.
**Rates are based on a 30 day lock period.
**Rates are based on a 740 FICO for Conventional Loans
**Rates are based on a 620/660/740 FICO for FHA Loans
Info provided by Graystone Mortgage
30 yr. Fixed – 5.375% APR 5.595%
15 yr. Fixed – 4.875% APR 5.095%
JUMBO (Loan amounts above $417,000)
30 yr. Fixed – 5.625% APR 6.095% (to $625,500 10% down) SL, Tooele, Summit Counties)
30 yr. Fixed – 6.125% APR 6.345% (to $700,000 20% down)
30 yr. Fixed - 6.375% APR 6.595% (to $850,000 25% down)
THERE ARE BIG VARIACES IN JUMBO PROGRAMS AND RATES.
CALL ME TO DISCUSS YOUR SCENARIO.
FHA (Loan Limits - SL $417,000, Davis $389,850, Utah $271,050)
30 yr. fixed - 5.375% APR 5.500%
30 yr. fixed – 5.250% APR 5.500% with 740+ FICO
15 yr. Fixed - 4.500% APR 5.000%
FHA JUMBO (above $417,000 to max limit – SL, Tooele, Summit Co)
30 yr. Fixed – 5.500% APR 6.000% with 660+ FICO
UTAH HOUSING
30 yr. Fixed - 5.350% APR 5.850% (Rates announced Friday afternoons)
RURAL HOUSING
30 yr. Fixed - 5.500% APR 6.000%
0 Home Run Grants remaining. *****
**Rates are subject to change with market and loan size.
**Rates are subject to credit qualifying and down payment.
**Rates are based on a 30 day lock period.
**Rates are based on a 740 FICO for Conventional Loans
**Rates are based on a 620/660/740 FICO for FHA Loans
Info provided by Graystone Mortgage
Saturday, June 6, 2009
Come and buy in Utah
This is a great time to buy again. Utah keeps growing and we are here to help buyers and sellers to reach their goals! Give us a call 801-372-7874
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