Fed was issuing statements like " yes, but" as they did before. No specific signal came up as Fed is still not satisfied with soft labor market. Rates continue to move higher but moderate comeback is expected with meeting notes buried by other financial and political news soon.
Conforming loan (<=$417k)
Purpose of Loan 30 YR 15 YR 5/1 7/1 Purchase Loan 4.125 3.350 2.875 3.250 Refinance Loan 4.250 3.375 3.000 3.375 The rates are based on criterion below and good for the time when they are quoted: Loan$>=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 7/1 Purchase Loan 4.250 3.375 3.125 3.375 Refinance Loan 4.250 3.500 3.250 3.500 The rates are based on criterion below and good for the time when they are quoted: Loan$>=600K,FICO>=740,LTV<=75%,O/O,SFH
There is no point, no fee for refinance but there is fee for purchase loan. Some rates require GC/Citizen.Adding impound account might bring in better rates.
Rate change is subject to loan amount, impound, property type(SFH vs Condo), financing purpose (cash out),occupancy type ( investment or second home),GC/Citizen, LTV and other conditions.
Jumbo Loan ( Up to 2M)
Purpose of Loan 30 YR 15 YR 5/1 7/1 Purchase Loan 4.250 3.750 3.250 3.625 Refinance Loan 4.375 3.875 3.375 3.750
The rates are based on criterion below and good for the time when they are quoted: Loan$>=729K,FICO>=760,LTV<=60%,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.
Contact:
Jing Sun jingsunloan@gmail.com 949.680.0818
BRE 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) |