Bernanke spooked the market. In the long run, QE will not be done soon but the possible damage to the bond rates is gradually factored into on a daily basis. This might be what Feds want so there will be no big shock to the market once they rein in their stimulus plan.
Purpose of Loan 30 YR 15 YR 5/1 Purchase Loan 3.625 2.750 2.375 Refinance Loan 3.625 2.875 2.500
The rates are based on criterion below and good for the time when they are quoted: Loan$>=400K,FICO>=740,LTV<=75%,O/O,SFH
There is no point, no fee for refinance but there is fee for purchase loan. Some rates require GC/Citizen. Adding impound account might bring in better rates.
Rate change is subject to loan amount, impound, property type(SFH vs Condo), financing purpose (cash out),occupancy type ( investment or second home),GC/Citizen, LTV and other conditions.
High Balance Loan (<=625k)
Purpose of Loan 30 YR 15 YR 5/1 Purchase Loan 3.750 2.875 2.750 Refinance Loan 3.875 3.000 2.875
The rates are based on criterion below and good for the time when they are quoted: Loan$>=600K,FICO>=740,LTV<=75%,O/O,SFH
There is no point, no fee for refinance but there is fee for purchase loan. Some rates require GC/Citizen.Adding impound account might bring in better rates.
Rate change is subject to loan amount, impound, property type(SFH vs Condo), financing purpose (cash out),occupancy type ( investment or second home),GC/Citizen, LTV and other conditions.
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Contact:
Jing Sun jingsunloan@gmail.com 626.538.5688
DRE 01880010 NMLS 339172
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If you need to get real-time rate for your specific loan,please include the answers to following questions into your email and send it to jingsunloan@gmail.com. It will be answered within 24 hours.
1) Loan amount 2) Self-occupied or Investment or second home 3)Single Family House or Condo 4)Self-estimated FICO score 5)Expected LTV (loan to value of house) 6) W-2 or Self employed 7) Expected yearly DTI (Debt to income) ratio 8) Any other houses or loans 9) Type of loan you are interested(refi/new, 30,15,3/1,5/1, 7/1) 10) Is this for cash out? 11) What is your current mortgage rate and when did you get it? 12) Do you want impound account? 13) Status (Citizen, Green Card or H1-b)
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