From our preferred lender Josh Hernandez at Mortex Lending:
(contact josh here)
Good afternoon everyone,
I hope you all had an enjoyable and relaxing Christmas break. Here are some updated figures based on this morning’s rates. You will quickly notice that rates have taken a dramatic hit since last week’s figures, and I’m hesitant to believe that we’ll see much relief in the short term unless the upcoming treasure auctions do very well. Most of the economic data coming out over the last few weeks (i.e. higher inflation, holiday retail etc.) are showing signs of economic relief, so we may see this trend continue into the early part of 2010.
Thanks and have a Happy New Year.
Loan Programs on 30-Day Locks: 12/28/2009
| 30-Yr. Conv. | 15-Yr. Conv. | 30-Yr. FHA | 15-Yr. FHA | |
| Loan Amount | $200,000 | $200,000 | $200,000 | $200,000 |
| Interest Rate | 5.13% | 4.63% | 5.13% | 4.50% |
| Term/Due In (months) | 360/360 | 180/180 | 360/360 | 180/180 |
| Monthly Payment | $1,088.97* | $1,542.79* | $1,088.97″ | $1,529.99″ |
Figures do not include taxes, home owner’s insurance or mortgage insurance (If Applicable)
***Rates subject to change***
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