MONTHLY MORTGAGE RATES; CONTACT THE MORTGAGE COMPANY FOR THE EXACT
DAILY RATES.
CONVENTIONAL CONFORMING
(under $252,700.00)
Interest......Discount......Loan
Rate...............Points...............Type.........Definition of
Loan
8.250 0.000 30CC 30 YEAR FIXED
7.875 0.000 15CC 15 YEAR FIXED
6.000 0.000 1 YEARCT 1 YEAR ARM TIED TO TREASURY
BILL-INTEREST ADJUSTS ANNUALLY
5.750 0.000 6MLIB 6 MONTH LIBOR ARM-
INTEREST ADJUSTS SEMI-ANNUALLY
5.750 0.000 COFI INTEREST ADJUSTS ANNUALLY
WITH 7TH DISTRICT COST OF FUNDS
CONVENTIONAL JUMBO
(over $252,700.00)
Interest......Discount......Loan
Rate...............Points...............Type.........Definition of
Loan
8.750 0.000 30J 30 YEAR FIXED
8.375 0.000 15J 15 YEAR FIXED
6.500 0.000 1 YEARJTB 1 YEAR ARM TIED TO TREASURY
BILL-INTEREST ADJUSTS ANNUALLY
FHA
Interest......Discount......Loan
Rate...............Points...............Type.........Definition of
Loan
8.500 0.000 30YF 30 YEAR FIXED
8.000 0.000 15YF 15 YEAR FIXED
7.000 0.000 1YEAR 1 YEAR ADJUSTABLE RATE
VA
Interest......Discount......Loan
Rate...............Points...............Type.........Definition of
Loan
8.500 0.000 15YF 15 YEAR FIXED
8.000 0.000 15YF 15 YEAR FIXED
ADDITIONAL
CONVENTIONAL CONFORMING PROGRAMS
(UNDER
$207,100.00)
Interest......Discount......Loan
Rate...............Points...............Type.........Definition of
Loan
6.250 2.600 30 YEAR FIXED WITH 2-1% BUYDOWN*
7.250 1.000 30 YEAR FIXED WITH 1% BUYDOWN**
8.250 0.000 30 YEAR FIXED CHB***WITH 5% DOWN
BY BORROWER PLUS CLOSING COSTS
9.000 0.000 30 YEAR FIXED CHB*** WITH 5% DOWN
(3-2) DOWN BY BORROWER/LENDER
PLUS CLOSING COSTS
9.750 0.000 30 YEAR FIXED WITH 3% DOWN BY
BORROWER-NO CLOSING COSTS
5.875 2.600 15 YEAR FIXED WITH 2-1% BUYDOWN*
7.875 0.000 5/25 5 YEAR FIXED FOLLOWED BY 25 YEAR
FIXED AT YEAR 2000 RATE + MARGIN
20% DOWN
5.875 2.600 5/25 5 YEAR FIXED FOLLOWED BY SAME AS
ABOVE WITH 2-1% BUYDOWN*-WHEN
AVAILABLE
8.000 0.000 7/23 7 YEAR FIXED FOLLOWED BY 23 YEAR
FIXED AT YEAR 2002 RATE + MARGIN
10% DOWN
6.000 2.600 7/23 7 YEAR FIXED FOLLOWED BY SAME AS
ABOVE WITH 2-1% BUYDOWN*
7.250 0.000 3/1 3 YEAR FIXED FOLLOWED BY YEARLY
ARM W/5% DOWN
7.875 0.000 5/1 5 YEAR FIXED FOLLOWED BY YEARLY
ARM W/5% DOWN
8.250 0.000 7/1 7 YEAR FIXED FOLLOWED BY YEARLY
ARM W/5% DOWN
8.375 0.000 10/1 10 YEAR FIXED FOLLOWED BY YEARLY
ARM
ADDITIONAL JUMBO PROGRAMS
(OVER $252,700.00)
7.500 0.000 3/1J 3 YEAR MINI-JUMBO-FIXED-
FIXED FOLLOWED BY YEARLY ARM
($203,150-$350,000)
8.000 0.000 5/1J 5 YEAR MINI-JUMBO-
FIXED FOLLOWED BY YEARLY ARM
($203,150-$350,000)
6.500 0.000 1JTB 1 YEAR ARM TIED TO TREASURY
BILL-INTEREST ADJUSTS ANNUALLY
*2% less interest rate the 1st year---1% less interest
rate the 2nd year---**1% less interest rate the 1st year
***Community Home Buyer---****London InterBank Offered
Rate---****Cost of Funds Index
Rates & Terms are subject to change without notice. This
information is provided to assist any interested person. APR figures are NOT
included herein. THIS INFORMATION IS NOT INTENDED AS AN ADVERTISEMENT TO
PROMOTE CONSUMER CREDIT BY TITLE 12, CODE OF FEDERAL REGULATIONS, SECTION
226Z.
