Rain City Guide

Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  Conforming rate quote below based on owner occupied, “full doc” with minimum credit scores of 680 with an 80% loan to value or lower and a loan amount of $400,000.   Rates quoted are priced based on a 45 day lock with 1 point and there are no prepayment penalties on any of the rates quoted below. 

30 Year Fixed: 6.125% (APR 6.256%).  Payment per $1000 = $6.08.

30 Year Fixed with 10 Year Interest Only:  6.375% (APR 6.508%).  Payment per $1000 = $5.31.

40 Year Fixed:  6.500% (APR 6.641%).  Payment per $1000 = $5.85.

5/1 ARM (2/2/6 caps):  5.750% (APR 5.878%).  Payment per $1000 = $5.84.

5/1 ARM 10 Year Interest Only Payments:  5.875% (APR 6.004%).  Payment per $1000 = $4.90.

FHA/VA 30 Year Fixed:  6.500% (APR 7.119%).  Payment per $1000 = $6.32 (not including MI for FHA).

JUMBO (Non-Conforming) Rates.   Pricing is based on the same criteria above, with the exception that the loan amount is $417,001-$650,000 (20% down).    

30 Year Fixed: 7.000% (APR 7.136%).  Payment per $1000 = $6.65.

30 Year Fixed with interest only:  7.125% (APR 7.262%).  Payment per $1000 = $5.94.

5/1 ARM:  6.625% (APR 6.758%).  Payment per $1000 = $6.40.

5/1 ARM Interest Only:  6.625% (APR 6.758).  Payment per $1000 = $5.52.

This is just a small sample available of rates and products.  Rates are as of Friday, October 12, 2007 at 10:00 a.m. and may change at any time.  Available programs may change at anytime as well.    This is not a guarantee nor is it a commitment of interest rate.  For your personal rate quote or for loan amounts over $650,000, please contact me.