The Government’s temporary loan increase to $729,750 is slated to roll back to $625,500 on October 1st
5.000% for the 30 year Fixed ~ Conforming {0 to $417,000}
5.250% for the 30 year Fixed ~ Agency Jumbo {$417,000 to $729,750}
5.750% for the 30 year Fixed ~ Super Jumbo {$729,750+ 80% - $1,500,000 is OK}
4.250% for the 5 year Fixed ~ Conforming {0 to $417,000}
4.250% for the 5 year Fixed ~ Agency Jumbo {$417,000 to $729,750}
4.250% for the 5 year Fixed ~ Super Jumbo {$729,750 plus}
Please buffer the 30 year Fixed Rate by 0.50% for your purchase contract with Points "not to exceed 1.00".
Most transaction times should be set to fit the following Lender's time frames
Conforming and Agency Jumbo
Loan Contingency ~ 21 days
Appraisal Contingency ~ 21 days
Condo/Townhomes ~ 45 days
Single Family Residences ~ 45 days
Super Jumbo
Loan Contingency ~ 24 days
Appraisal Contingency ~ 24 days
Condo/Townhomes ~ 45 days
Single Family Residences ~ 45 days
Steve
Steve Eckhoff, Office and Voicemail/Pager 310-470-8080, e-fax is 310-576-8046
Lesley Day, Transaction Coordinator, 310-656-8255, LDay@FirstCapitalMtg.com
Carolyn Simon-Hooks, Transaction Manager, 310-656-8215, CSimon@FirstCapitalMtg.com
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