Mortgage Rate Update March 7th, 2008
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Rochelle, VA
5 Bed, 3.5 Bath
$1,150,000
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Mortgage Rates - Effective March 7, 2008
*Fixed Rate Mortgages
30 Yr FRM
30 Yr IO
15 Yr FRM
Interest Rate (0 points)
6.125%
6.50%
5.50%
Interest Rate (1 point)
5.875%
6.25%
5.25%
Fixed/ Interest Only Term (months)
360
360 (10 Yr IO)
180
Principal & Interest Payment (0 points)
$1,215.22
$1,083.33
$1,634.17
Principal & Interest Payment (1 point)
$1,183.08
$1,041.67
$1,607.76
**Jumbo Fixed Rate Mortgages
Jumbo 30 Yr FRM
Jumbo 30 Yr IO
Jumbo 15 Yr FRM
Interest Rate (0 points)
7.25%
7.25%
6.875%
Interest Rate (1 point)
6.875%
6.875%
6.50%
Fixed/ Interest Only Term (months)
360
360 (10 Yr IO)
180
Principal & Interest Payment (0 points)
$2,865.14
$2,537.50
$3,745.79
Principal & Interest Payment (1 point)
$2,759.10
$2,406.25
$3,658.65
*LIBOR/TBILL ARM's
3/1 ARM
5/1 ARM
7/1 ARM
Interest Rate (0 points)
4.875%
5.25%
5.875%
Interest Rate (1 point)
4.50%
4.625%
5.25%
Fixed Term (months)
36
60
84
Principal & Interest Payment (0 points)
$1,058.42
$1,104.41
$1,183.08
Principal & Interest Payment (1 point)
$1,013.37
$1,028.28
$1,104.41
*LIBOR/TBill ARM's - Interest Only
3/1 IO ARM
5/1 IO ARM
7/1 IO ARM
Interest Rate (0 points)
5.00%
5.25%
5.55%
Interest Rate (1 point)
4.50%
4.75%
5.00%
Interest OnlyTerm (months)
36
60
84
Principal & Interest Payment (0 points)
$833.33
$875.00
$916.67
Principal & Interest Payment (1 point)
$750.00
$791.67
$833.33
**Jumbo LIBOR/TBill ARM's
Jumbo 3/1 ARM
Jumbo 5/1 ARM
Jumbo 7/1 ARM
Interest Rate (0 points)
6.00%
6.50%
6.50%
Interest Rate (1 point)
5.50%
5.625%
6.00%
Fixed Term (months)
36
60
84
Principal & Interest Payment (0 points)
$2,518.12
$2,654.69
$2,654.69
Principal & Interest Payment (1 point)
$2,384.72
$2,417.76
$2,518.11
**Jumbo LIBOR/TBill ARM's - Interest Only
Jumbo 3/1 IO ARM
Jumbo 5/1 IO ARM
Jumbo 7/1 IO ARM
Interest Rate (0 points)
6.125%
6.625%
6.625%
Interest Rate (1 point)
5.625%
5.75%
6.125%
Interest Only Term (months)
36
60
84
Principal & Interest Payment (0 points)
$2,143.75
$2,318.75
$2,318.75
Principal & Interest Payment (1 point)
$1,968.75
$2,012.50
$2,143.75
***Government Loans Programs
FHA 30 Yr FRM
FHA 15 Yr FRM
VA 30 Yr FRM
Interest Rate (0 points)
6.00%
5.625%
6.00%
Interest Rate (1 point)
5.75%
5.375%
5.75%
Fixed Term (months)
360
360
360
Principal & Interest Payment (0 points)
$1,453.19
$1,997.54
$1,453.19
Principal & Interest Payment (1 point)
$1,415.16
$1,965.38
$1,415.16
*Conforming Scenarios Based On: $250,00 sales price/Full Documentation/Owner Occupied/Single Family Residence/680 FICO score with 20% Down
**Jumbo Scenarios Based On: $525,00 sales price/Full Documentation/Owner Occupied/Single Family Residence/720 FICO score with 20% Down
***Gov't Scenarios Based On: $250,00 sales price/Full Documentation/Owner Occupied/Single Family Residence/620 FICO score with 3% Down
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2 Comments on Mortgage Rates: Week Ending March 7, 2008
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Zach Dahl Virginia Home Loans
Charlottesville ,
VA
More about me
Ameritime Mortgage Company, LLC.
Address: 313 2nd Street SE, Suite 112, Charlottesville, VA, 22902
Office Phone: (877) 296-7751 x 204
Cell Phone: (703) 864-5257
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