Eric's Daily Rate Watch for March 4, 2010 - Pending Sales Drop Sharply

Pending Home Sales Fall 7.6%.  Was this caused by winter storms, or the economy and housing market? Read the full article 

New Unemployment Claims Drop.  Initial Claims for benefits this week fell by 29,000.  This matched Wall Street estimates.  Is this a sign of recovery?  Read more 

TODAY'S RATES AT A GLANCE 

Conforming ($417k or lower - Pmt based on $250k loan amt)

RATE      APR       P&I Pmt

4.750     4.896      $1304       30yr Fixed

4.250     4.522      $1880       15yr Fixed

5.250     5.418      $1380       30yr Fixed investment

3.500     3.416      $729         5/1 ARM interest-only

4.750     5.603      $1326       30yr Fixed FHA

Jumbo (over $417k loan amt  -  Pmt based on loan amt listed)

RATE      APR       P&I Pmt    

5.500     5.620      $2838       30yr Fixed to $500k

5.750     5.867      $3501       30yr Fixed to $600k

6.125     6.241      $4253       30yr Fixed to $700k

6.375     6.489      $5302       30yr Fixed to $850k

6.625     6.733      $9604       30yr Fixed to $1.5mil

4.250     4.349      $4427       5/1 ARM to $900k

3.900     3.997      $4245       3/1 ARM to $900k

Up to $3million loan amounts available, call for details

Click to Use My Payment Calculators Here

Current Product Offerings Include:   Purchase, Refinance, Construction, Land loans, Farms, Commercial, Investment Property, Single & Multi-family, Business acquisition & refinance, Conventional, FHA, VA, USDA, Cash-out, No-Cost refi's available ... and more ... And we lend our own funds for most of these loans (close faster with very competitive rates)

Interest rates as of 04 March 2010 subject to change without notice.  Please call for up-to-the-minute accurate quotes and Pre-Aprovals.  All pricing unless otherwise specified is based on a single family owner occupied residence and 30 day lock - lower credit score programs may be available at slightly higher rates.  FHA and Guaranteed Rural rates factored on a middle credit score of 620 and 96.5% ltv for FHA and 100% ltv for Guaranteed Rural.  Guaranteed Rural program has income & property location restrictions.  Conventional pricing is based on a credit score of 740 and 80% or less ltv, with impounds. Jumbo pricing based on a ltv of 80% on fixed and 75% on ARMs.  Standard closing costs apply - call for specifics.  Reduced or "no-cost" loans are available upon request.  Other restrictions or limitations to any program may apply. This offer is not a firm committment to lend.

Call 503.698.5801 for program details and scenarios ... and find out what you qualify for!