Bob 's Blog - Archives June, 2008

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Good Faith Estimates cont. (part 3) - 06/25/08 04:43 PM

*Rates:
30 yr conforming: 6.25%
30 yr jumbo: 6.625%       (to $600k)
7/1 jumbo: 5.875%
OR Vet: 5.50%
State Bond FHA: 5.75%
This installment of comparing Good Faith Estimates strays from its main theme but covers a topic that all borrowers need to understand. Look at the below loan quotes and decide … (0 comments)

AHHH! The return of the "Good Faith Estimate" post!! - 06/18/08 04:02 PM

Rates:

30 yr conforming            6.25%
30 yr jumbo                 6.625%
7/1 jumbo                    5.75%
OR Vet                        5.5%
OR Bond FHA               5.75%

There is still a lot of volitlity in the market place. The rates down a little off of this weeks high. We are still expecting the Fed and ECB will … (4 comments)

Good Faith Estimates and "Garbage Fees" - 06/11/08 05:19 PM

Rates:
30 yr conforming              6.125
30 yr jumbo                      6.375 (to 600k)
7/1 jumbo ARM                 5.625
OR Vet                              5.250
State Bond FHA                   5.625

As you can see, we had an increase in rates for conventional loans. The bond market dropped over the last few days taking mortgage rates up. I mentioned a few … (6 comments)

Learn about the market 6/3/08 - 06/03/08 04:32 PM

Rates:
30 yr conforming                5.875
30 yr jumbo                        6.375
7/1 jumbo                          5.625
OR VA                                5.250

We saw a jump in rates late last week but it appears most of the increase has been erased with rates coming back down yesterday and today. The expected trend is for them to stay within … (2 comments)

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