Extremely Low Interest Rates | Bay Area Mortgage Brokers | 4.125% 5 Year ARM
September 3, 2009
Just a quick note to update you on what happening in the ever changing world of Real Estate Finance this week. My goal is to keep you informed and updated on what’s new in the financing world. You can get in touch with me for any financing questions between 9am and 7pm Monday through Saturday on most weeks at 925-285-2172. My commitment is service to business partners and clients!
Interest rates are EXTREMELY low this week. One thing good about unemployment is the effect on interest rates. Lock in today and call me!
Hot Programs!
- FHA 203K Rehab Loan. Perfect for today’s REO fix up environment. Get up to $30,000 upon closing for repairs and upgrades on your new home purchase.
- Contra Costa Mortgage Credit Certificates. Get up to 20% tax credits on interest paid on your mortgage throughout the year!
- 100% Financing with VA Loans!
- Government Programs up to 97% Financing. with $8,000 in Tax Credits for First time buyers expiring at the end of 2009..
- Fannie Mae Refinance Plus! Refinance your home up to 105% of the value.
- Concord CA Affordable Housing and First Time Home Buyer down payment assistance up to $40,000
Below is a bit of news on the weeks pricing trends and mortgage rates!
- 5/1 ARM 385k at 4.25% NO Points.
- 10/1 ARM 385k at 4.625% NO Points.
- 30 Year Fixed 385k at 5.125% NO Points.
Here we are wrapping up Friday 8/28/2009 rates dipped well below last weeks pricing on Monday and has been relatively flat all week.. If you had to lock at all this week you were likely better off than the week before. You can look at weekly rate trends Here.
