Lock Your Loan: Rates Hit Record Lows

By Joceyln Predovich 11/25/08

Last week, you may remember me emailing you that rates will plummet.

 

The Fed announced this morning that they have decided to begin buying mortgage bonds, which has dramatically improved rates.  Just to give you an idea on rates today:

 

RATES RIGHT NOW WITH NO ORIGINATIN FEE

FHA – 5.5 %

VA – 5.375%

CONVENTIONAL 30 YR – 5.125%

CONVENTONAL 15 YR – 4.625%  (YES THAT IS a 4!)

Jumbo 5/1 ARM: 5%

 

DO YOU HAVE CLIENTS ON THE FENCE?!

·       Email this out to your database, past clients, sphere, current clients. Don’t miss this opportunity   

·       We can Lock without a property – may want to put them on a 60 day lock and then go find the house.

·       We can relock – if rates continue to drop

 

About Us

·       We are a mortgage bank and will fund the loan with our money

·       We have in-house underwriters and processors here in Denver

·       LOAN PROGRAMS: Conventional, FHA, FHA Rehab Loans,  VA, CHFA, HOAP, etc

 

Call me with questions!

Jocelyn Predovich– 303-325-3578

Licensed Mortgage Consultant

Jocelyn@limetreelending.com