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| 30 Yr. Fixed |
| FHA 5/1 ARM |
| 30 yr fixed/ 10 yr interest only |
| 7/1 Jumbo ARM |
| FHA 30 Year Fixed |
Rates last updated on Friday, October 10, 2008
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30 Yr. Fixed
Fixed for 360 payments. This is the benchmark of mortgage lending. Most popular and conservative of loan products.
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 5.875% | 1% | 6.336% | | 6.125% | 0.125% | 6.505% |
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FHA 5/1 ARM
Fixed for 5 years. Can adjust by 1% per year
Term: 30 years
Maximum Amount: $356,000
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| Rates | Points | APR |
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| 5.5% | 0% | 5.789% |
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30 yr fixed/ 10 yr interest only
Fixed for 30 years with the option to pay interest only for 10 years. Loan amounts of $417,000 or less
Term: 30 years
Maximum Amount: $417,000
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| Rates | Points | APR |
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| 6.5% | 1% | 6.942% | | 6.75% | 0% | 7.095% |
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7/1 Jumbo ARM
Fixed for 7 years, then becomes a 1 yr adjustable. For all loan amounts above $417,000 to one million. Can be Interest Only.
Term: 30 years
Maximum Amount: $1,000,000
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| Rates | Points | APR |
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| 5.625% | 0.5% | 4.989% | | 5.875% | 0% | 5.04% |
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FHA 30 Year Fixed
30 Year fixed rate with flexible qualifying guidelines. Has maximum loan amount limits.
Term: 30 years
Maximum Amount: $350,000
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| Rates | Points | APR |
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| 6.25% | 0% | 6.621% |
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Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $417,000 for the contiguous states, District of Columbia, and Puerto Rico or below $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $14,340. Jumbo Loans (whose maximum loan amount exceed $417,000 for the contiguous states, District of Columbia, and Puerto Rico or exceed $625,500 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
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