Ratewatch October 08

Mortgage and Lending with Academy Mortgage Corporation

Friday October 3, 2008

Aloha Friday!

I will be available by telephone and e-mail all weekend for your mortgage needs! I look forward to your call.

"The only function of economic forecasting is to make astrology look respectable." John Kenneth Galbraith

Below I have rates (on average) from the top 5 National and Local Banks; I recommend floating while we await the reaction to the rescue bill that was voted on favorably this afternoon:

5.875%               30 year Fixed Rate at Par

5.625%               5/1 ARM

5.875%               VA 30 year Fixed Rate at Par (with a .125% rebate towards your closing costs)  

6.5%                  Jumbo Rate at Par

Jay Oku, Real Estate Finance

CA Cel (949) 874-2145  HI Cel (808) 393-0707
Fax (888) 327-2085

 " The finest compliment I can ever receive is a referral from my friends and past customers."


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