Mortgage Rates January 7, 2010

Dear friends in Real Estate,

Here's to a prosperous New Year!  There is a lot going on here as systems and operations transition from Bradford Mortgage Company to NewBridge Bank.  I will keep you posted on important updates as they happen.

Do you have an open house planned for your listing?  Want a financing representative available to discuss loan options with your prospects?  I am eager to support you!!  Please contact me with the listing information and date you are having the event.  I will promptly let you know if I can attend.

Here's a sample of Primary Home Purchase money rates today, up to 0+1, with escrows for a borrower with median credit of 720-760.  These are subject to vary based on loan amount, occupancy, LTV, credit quality and other factors.  In the next few weeks Jumbo, FHA, VA, USDA and Construction/Perm will be available as well.

Conforming (up to $417K, using 250K as sample loan amt)             

30 yr fixed, 5% down                         4.875%

15 yr fixed                                          4.375%                                                                             

5/1 ARM, 30 yr am                             3.875%

30 yr fixed, 3% down                         5.500%

 Compliments of Ashleigh Sumlin, Bradford Mortage Company,  Charlotte NC, 704-307-9908