Hey there...I was perusing the rates for Washington DC and other areas allowing Conforming loans to $625,500, and realized our rates are much better above $417,000 than below. Weird! ;0) I guess the bank wants larger loans. So I thought I would share with the AR community if you have any real shoppers out there;
Super Conforming Rates
30 Year Fixed - 3.75% with 1/2% credit to customer
15 Year Fixed - 3.25% with 1% credit to customer
10 Year Arm - 3% Zero Points
7 Year Arm - 2.75% Zero Points
5 Year Arm - 2.375% Zero Points
*All ARMs available interest only
*Rates are subject to change without notice. (I have to say that)
For those in areas were the conforming rate is capped at $417,000, not to worry as our Jumbo Portfolio rates are great as well;
Rates on our Jumbo Financing
30 Year Fixed 4.25%
30 Year Fixed IO 4.5%
15 Year Fixed 3.625%
10 Year Arm 3.5%
10 Year IO Arm 3.75%
7 Year Arm 3.125%
7 Year IO Arm 3.375%
5 Year Arm 2.75%
5 Year IO Arm 3%
*All quotes are subject to change base on secondary market pricing adjustments
**All quotes are ZERO point quotes and come with a $700.00 PNC Origination Fee.
Happy Selling!
Brad
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