Great Interest Rates!

Rate Update 11/26/2008

WOW!! The Federal Reserve and Treasury rolled out an $800 billion dollar plan that includes buying up some $600 billion in debt tied to mortgages. This news obviously carried over into mortgages rates. Interest rates fell about 1 whole point to 5.25% today!! Lets get some buyers!! This is a fantastic opportunity for buyers who have been sitting on the sidelines waiting for a good reason to buy.
Conforming and FHA

5.25% 30 yr fixed
5.0% 15 year fixed
5.75% 5 yr ARM

Jumbo/Conforming Rates $50K to $5 million on Primary and 2nd Homes

5.375 % 5 yr ARM – IO add .25% to rate
5.875 % 7 yr ARM – IO add .25 to rate
6.375% 10 yr ARM – IO no add to rate

6.25% 30 yr Fixed to 600k!!

Stated Income to $ 2 million on Primary and 2nd Homes
5.75% 3 yr ARM - Interest Only available with no add to rate
6.0% 5 yr ARM - Interest Only available with no add to rate
6.25% 7 yr ARM - Interest Only available with no add to rate
6.5% 10 yr ARM - Interest Only available with no add to rate



Non Owner Occupied 1-4 Units to $1.5 million

6.0% 3 yr ARM - Interest Only available with no add to rate
6.25% 5 yr ARM - Interest Only available with no add to rate
6.5% 7 yr ARM - Interest Only available with no add to rate
6.625% 10 yr ARM - Interest Only available with no add to rate

Provided by...

Clint Elliott
NewLine Home Mortgage
1400 NW Irving #108
Portland, Or 97209
888-488-5731 toll free
503-548-4014 local

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