Eric's Daily Rate Watch for April 27, 2010 - Is Greece Leaving the EU ??

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Last Week for Tax Credit !!    There are only 4 more days for home buyers to take advantage for either the first-time buyer $8000 or the move-up buyer $6500 credit.  A Sales Contract must be accepted no later than April 30th, with a closing by June 30th.  However, Federal employees and military that have served overseas for certain lengths of time since December 2008 will be allowed ANOTHER YEAR to get the tax credit.  Purchase contracts by April 30, 2011.

I can close your purchase loans in just 3 weeks in most cases.  FHA, VA, as well as Conventional.  Call today for QUICK Pre-Approvals!!

Goldman Sachs on Trial Top Goldman Sachs officials defended their conduct in the financial crisis on Tuesday, flatly disputing the government's fraud allegations against the giant financial house. "I did not mislead" investors, insisted a trading executive at the heart of the government's case.   Full story  

Is Greece Leaving the EU ?? Greece might have to quit the euro zone for a time if the country failed to tighten its belt sufficiently to qualify for emergency aid, a budget expert with Germany's junior coalition party said on Tuesday.    Read this article    

Consumer Confidence Rises in April  -  Americans' confidence in the economy rose in April to its highest level since September 2008, just as the financial crisis escalated, according to a private research group.   See the AP article  

How Foreclosure Impacts Credit Score  -  If you're delinquent on your mortgage, your credit score will suffer. Everyone knows that. The question is, by how much?   Until recently, those answers were hard to come by. Credit bureaus were uncommunicative about expressing, in points, just how much impact different foreclosure types of mortgage delinquencies have on scores.  Recently, Fair Isaac, which developed FICO scores, pulled back the curtain a bit, revealing some estimates of point-score declines following mortgage delinquency problems.  Read the article from Money  

America's Most Stressful Jobs 2010 1. Firefighter 2. Corporate Executive 3. Taxi Driver 10. Real Estate Agent    See the Complete List from CNBC

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Today's Rates at a Glance  

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

RATE      APR       P&I Pmt

4.875     5.051      $1323       30yr Fixed

4.250     4.522      $1880       15yr Fixed

5.250     5.418      $1380       30yr Fixed investment

3.625     3.416      $7551         5/1 ARM interest-only

4.750     5.603      $1304       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

5.875     5.991      $5915       30yr Fixed at $1million

4.250     4.349      $3689       5/1 ARM at $750k

3.300     3.146      $3221       3/1 ARM at $750k

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

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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 27 April 2010 subject to change without notice.  Please call for up-to-the-minute accurate quotes and Pre-Approvals.  Pricing based on a single-family primary residence and 30day lock.  FHA, USDA, VA rates factored on a middle credit score of 620 and 96.5% ltv for FHA and 100% ltv for USDA or VA.  USDA has income & property restrictions.  Conventional rates shown based on credit-score of 720 and 80% or less ltv, with impounds. Jumbo pricing based on 80% ltv (fixed) and 75% ltv (ARMs).  Lower credit-score programs may be available at slightly higher rates.  Reduced or "no-cost" loans available upon request.  Other restrictions 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!