Speaking of Jumbo’s..

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Speaking of Jumbo’s..

The Exception is Jumbo loans that don’t meet the Fannie Mae/Freddie Mac criteria due to loan size. For the past couple of years Jumbo Lenders, if you could find any, had to keep their loans because there were no buyers of Jumbo MBS’s. Now, suddenly, we are seeing a huge return to jumbo lending and loans are plentiful. The underwriting criteria are stricter but the loans are available. Since lenders don’t sell these loans to Fannie and Freddie there is wide variation among lenders.

Mortgage Interest Rates for Fixed and Variable Rate Mortgages*

Rates as of Thursday, 22nd July, 2010:

Term    Conforming    APR    Payment per
$1,000    Jumbo    APR    Payment per
$1,000    Arm Reset Term
3-Yr Fixed ARM to $417,000 / $1.5M    360    3.250%    3.307%    $4.35    3.000%    3.078%    $4.22    36
5 Year ARM to $417,000 / $729,750    360    3.250%    3.307%    $4.35    3.500%    3.580%    $4.49    60
15-Yr Fixed to $417,000/$729,750    180    3.750%    3.855%    $7.27    4.250%    4.398%    $7.52    –
30 Year Fixed Rate to $417,000/729,750    360    4.250%    4.310%    $4.92    4.375%    4.459%    $4.99    –
5 Yr Fixed ARM to $1M / $1.5M    360    3.75%    3.808%    $4.63    4.00%    4.082%    $4.77    60
15 Year Jumbo Fixed to $1M / $1.5/M    180    4.500%    4.607%    $7.65    4.625%    4.775%    $7.71    –
30 Year Jumbo Fixed to $1M / $1.5/M    360    5.000%    5.063%    $5.37    5.250%    5.339%    $5.52    -


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Sean McCracken

As the OC Realtor I’ll help you find your special OC Coastal home at that special price. With my hand holding, I’ll take you through the buying process for the minimal amount of pain - Call Me @ 949-290-5317

1 Comment

John Smith

September 20, 2010 at 2:20 pm

Does someone here have knowledge about where I can buy durable restaurant equipment without losing my shirt? I’ve been scrambling all over the place and can’t seem to locate the supplies I need at a reasonable price. If anyone has a wholesale contract with a manufacturer I would be willing to pay a finders fee that would be worth your while to help me.

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