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Mortgage Rates for Black Friday November 23, 2007

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: 5.875% (APR 6.011%). Payment per $1000 = $5.92.

30 Year Fixed with 10 Year Interest Only: 6.250% (APR 6.386%). Payment per $1000 = $5.10.

40 Year Fixed: 6.375% (APR 6.517%). Payment per $1000 = $5.77.

5/1 ARM (2/2/6 caps): 5.625% (APR 5.761%). Payment per $1000 = $5.76.

5/1 ARM 10 Year Interest Only Payments: 5.750% (APR 5.886%). Payment per $1000 = $4.79.

FHA/VA 30 Year Fixed: 6.125% (APR 6.779%). Payment per $1000 = $6.08. (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: 6.750% (APR 6.901%). Payment per $1000 = $6.49.

30 Year Fixed with 10 Year Interest Only Payments: 6.875% (APR 7.026%). Payment per $1000 = $5.73.

5/1 ARM: 6.250% (APR 6.396%). Payment per $1000 = $6.16.

5/1 ARM Interest Only: 6.250% (APR 6.396%). Payment per $1000 = $5.21.

This is just a small sample available of rates and products. Rates are as of Friday, November 23, 2007 at 9:00 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.

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