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Sorry No I didnt catch that it was at 100% you are correct as that rate was up to 90% LTV and as of today it is still at 5.5%.

Kiss your trailer goodbye for at least a month :D;) Someday soon we will catch up out in mother G

Matt, you going to Glamis for Prez Weekend?

We can do one loan but keep in mind if you do anything conforming above 80% you will have mortgage insurance associated with it. It would have nothing to do with it, your loan to value is your loan to value. It doesnt matter if you owe 100K or 700K your loan to value has no relation to the...

Just checked and my 30 year stated income / stated assists is at 5.5% today.

I knew the Senate would somehow F the whole thing up :swear

Lowered the payments to $500 per person and $1000 per couple and chop some other stuff (not too sure of the particulars)

We do have a Stated/Stated fixed 30 year conforming loan. Shoot me an email and I will let you know rates and payments [email protected]

You save about $100 per month but pay ten's of thousands more over the life of the loan.

Take you out of the Jumbo loans and would give you Fannie Mae conforming rates (which are the lowest out there)

Sen. Max Baucus (D., Mont.), chairman of the Senate Finance Committee, threw a wrench in the works last night. The committee passed a modified version of the stimulus plan by a bipartisan vote of 14 to 7, which could cause a potential delay in the approval of the package. Lets see what...

Thats a great produce, I wouldnt refi unless you get a minimum of 1% or more decrease in your rate.

Well it passed the house and now we are waiting on congress to sign it then on to the presidents desk to sign. The biggest hurdle will be Congress, if they dont chop it up and then President will sign it.

IMO you should see rates improve tomorrow. The unemployment numbers are coming out and I think unemployment rate will go up along with unemployment claims. That would send the stocks down and push bonds up give us a lower yield on the T-notes. Analysts are expecting to see the unemployment...

Thats with Chase. Found that Chase and Wachovia has the best wholesale rates out there.

5/1 are also residential loans, could be either conforming or non-conforming arms

A 5/1 means that it is fixed for the first five years and then adjusts once a year following. I am not financial expert but do follow my industry as much as possible, but the ten year treasury note is is at 104.66 and we seen it at 106 last week. It would have to get into the 107 mark to get...

On what? A 30 year will be difficult to get in the near future I believe. I got a few people 5/1 Fannie Mae at 4.5% last week.

Mortgage rate are borrowed against the bonds. The one to watch is the 10 year treasury note (tc10Y). The yield on the 10 year is what rate are based off of. So if you see bonds raising then most likely the conforming rates will drop.

Yeah that reprice this afternoon hurt a little. Glad I just locked a 5/1 I/O @ 4.5% before the reprice.