Interest Rates Remain Low

Interest rates on U.S. 30-year fixed-rate mortgages averaged 5.04 percent for the week ending September 24, unchanged from the previous week, according to a survey released on Thursday by home funding company Freddie Mac.

That is the lowest rate since 4.91 percent in the week ending May 28. Mortgage rates have hovered around 5 percent, widely viewed as a key psychologically level, for several weeks, but have stayed above 5 percent for 17 weeks.

Here are some loan programs currently being offered by Ron Goodli of Coast Capital Group at 310-798-5514 :

Loan amounts from $150,000-$417,000 Options:

These rates are available at a 0-1.5pt origination fee plus standard closing costs. Rates based on fico score, impound account, loan to value and lock period…

30yr fixed loan      4.5% – 5%             (5.125%APR)

10/1 ARM fixed      4.125% – 4.5%       (4.81% APR)

5/1 ARM fixed       3.49% – 3.75%        (3.81% APR)

Loan amounts from $417,000-$729,750..Program is GONE by the end of the year….Options:

These rates are available at a 0-1.5Pt’s origination fee plus standard closing costs. Rates based on fico score, impound account, loan to value and lock period…potential for interest only

30yr fixed loan      4.625% – 5.125%         (5.375%APR)

7/1 ARM fixed       4.25% – 4.625%           (4.786% APR)

 5/1 ARM fixed      3.875%  – 4.125%         (4.23% APR)

Loan amounts from $729,750- $2,000,000  Options:

These rates are available at a 0-1.5Pt’s origination fee plus standard closing costs. Rates based on fico score, loan to value, lock period and banking relationship… Potential for Interest only payment..

30yr fixed                  4.875%    1.625Pt’s        (5.34% APR)

10/1 ARM fixed         5.0%  – 5.375%               (5.63% APR)

7/1 ARM fixed           4.875%  –   5.125%         (5.125% APR)

5/1 ARM fixed          4.375% – 4.625%            (4.745% APR)

3/1 ARM fixed          4.0%  –  4.25%                (4.33% APR)

 Loan amounts from $2,000,000- $10,000,000: Options:

These rates are available at a 0-1pt origination fee plus standard closing costs. Rates based on fico score, loan to value, lock period and banking relationship… Potential for Interest only payment..

10/1 ARM fixed      5.25 –    5.50%               (5.735% APR)

7/1 ARM fixed        4.875% – 5.125%            (5.269% APR)

 5/1 ARM fixed       4.625%-  5.0%                (5.128% APR)

 3/1 ARM fixed       4.125% – 4.375%            (4.399% APR)

For more nformation about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.

About mmegowan

I am a realtor with Remax Estate Properties in Palos Verdes Estates. Visit my website at http://www.maureenmegowan.com
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s