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Mortgage Rate UpdateMarch 7th, 2008

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Zach Dahl

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Zach Dahl

Ameritime Mortgage Company

Phone:703-864-5257

Fax:434-296-5625

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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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313 2nd St. SE Suite 112
Charlottesville, VA 22902

 
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2 Comments on Mortgage Rates: Week Ending March 7, 2008

MAR
08
2008
410,496 Points 3 Featured Posts Outside Blog
Thanks for sharing valuable information. Rates are good and hope buyers take advantage of the rates.
5:43am • #1

Gita - They certainly are!  And there still are plenty of options available for every type of borrower!  I've done lots of work in Pennsylvania so if you have any questions I'd be more than happy to offer my services.  Best of luck to you and have a great weekend!

8:41am • #2

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Zach Dahl Virginia Home Loans

Charlottesville, VA

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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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