Bernanke spooked the market. In the long run,
QE will not be done soon but the possible
damage to the bond rates is gradually
factored into on a daily basis. This might be
what Feds want so there will be no big shock
to the market once they rein in their stimulus plan.
Purpose of Loan 30 YR 15 YR 5/1
Purchase Loan 3.625 2.750 2.375
Refinance Loan 3.625 2.875 2.500
The rates are based on criterion below and
good for the time when they are quoted:
Loan$>=400K,FICO>=740,LTV There is no point, no fee for refinance but
there is fee for purchase loan. Some rates
require GC/Citizen. Adding impound account
might bring in better rates.
Rate change is subject to loan amount,
impound, property type(SFH vs Condo),
financing purpose (cash out),occupancy type
( investment or second home),GC/Citizen,
LTV and other conditions.
High Balance Loan ( Purpose of Loan 30 YR 15 YR 5/1
Purchase Loan 3.750 2.875 2.750
Refinance Loan 3.875 3.000 2.875
The rates are based on criterion below and
good for the time when they are quoted:
Loan$>=600K,FICO>=740,LTV There is no point, no fee for refinance but
there is fee for purchase loan. Some rates
require GC/Citizen.Adding impound account
might bring in better rates.
Rate change is subject to loan amount,
impound, property type(SFH vs Condo),
financing purpose (cash out),occupancy type
( investment or second home),GC/Citizen,
LTV and other conditions.
_____________________________________
Contact:
Jing Sun
jingsunloan@gmail.com
626.538.5688
DRE 01880010
NMLS 339172
______________________________________
If you need to get real-time rate for your
specific loan,please include the answers to
following questions into your email and send
it to jingsunloan@gmail.com.
It will be answered within 24 hours.
1) Loan amount
2) Self-occupied or Investment or second home
3)Single Family House or Condo
4)Self-estimated FICO score
5)Expected LTV (loan to value of house)
6) W-2 or Self employed
7) Expected yearly DTI (Debt to income) ratio
8) Any other houses or loans
9) Type of loan you are interested(refi/new, 30,15,3/1,5/1, 7/1)
10) Is this for cash out?
11) What is your current mortgage rate and when did you get it?
12) Do you want impound account?
13) Status (Citizen, Green Card or H1-b)
