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Rates are so good...

By
Mortgage and Lending with PNC Mortgage, a Division of PNC Bank

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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