Interest Rates through Northstone Mortgage, Issaquah, Sammamish, Redmond, Bellevue
Buying, Selling, Refinancing, know all your options!
Rates for 05/07/2010
Rates are always subject to change, and often do multiple times a day. Rates are also subject to each individual circumstance and adjust based on credit score, loan to value, loan size just to name a few items. My default pricing is at PAR, or with a slight rebate to lower the borrower's fees.
Today's rates are down compared to Monday. This is likely due to the financial unrest in Europe and the stock market losses yesterday.
Prices based on a 30 day lock, longer locks available with slightly higher fee.
|
05/07/2010 |
Note |
APR |
|
Today's Rate |
4.625% |
4.781% |
|
|
|
|
|
Purchase Price |
$500,000 |
|
|
20% Down |
$100,000 |
|
|
Loan Amount |
$400,000 |
|
|
Principle & Int. |
$2,056.56 |
|
Today's pricing is at par, which means no discount points and no rebate.
What about an ARM? 5/1 Adjustable Rate Mortgages were not worth considering when they didn't offer much if any savings. Today, rates for this product make them worth taking a look at if your plans are shorter term. If you expect to move, refinance or sell for any reason around 5 years from now, consider this very affordable option. ARM Rates are up from last week, but still an affordable consideration under the right circumstances.
|
|
Note |
APR |
|
Today's Rate |
3. 25% |
3.394% |
|
|
|
|
|
Purchase Price |
$500,000 |
|
|
20% Down |
$100,000 |
|
|
Loan Amount |
$400,000 |
|
|
Principle & Int. |
$1,740.83 |
|
I post rates on Mondays & Fridays unless there are substantial changes. Every scenario is different, but these are real rates available at the time of posting. To discuss your situation and receive a specific no obligation quote, call Dan.
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