Hey there...I was perusing the rates for Washington DC and other areas allowing Conforming loans to $625,500, and realized our rates are much better above $417,000 than below. Weird! ;0) I guess the bank wants larger loans. So I thought I would share with the AR community if you have any real shoppers out there;
Super Conforming Rates
30 Year Fixed - 3.75% with 1/2% credit to customer
15 Year Fixed - 3.25% with 1% credit to customer
10 Year Arm - 3% Zero Points
7 Year Arm - 2.75% Zero Points
5 Year Arm - 2.375% Zero Points
*All ARMs available interest only
*Rates are subject to change without notice. (I have to say that)
For those in areas were the conforming rate is capped at $417,000, not to worry as our Jumbo Portfolio rates are great as well;
Rates on our Jumbo Financing
30 Year Fixed 4.25%
30 Year Fixed IO 4.5%
15 Year Fixed 3.625%
10 Year Arm 3.5%
10 Year IO Arm 3.75%
7 Year Arm 3.125%
7 Year IO Arm 3.375%
5 Year Arm 2.75%
5 Year IO Arm 3%
*All quotes are subject to change base on secondary market pricing adjustments
**All quotes are ZERO point quotes and come with a $700.00 PNC Origination Fee.
Happy Selling!
Brad
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved