Home Purchase Loan Rates for May 26, 2011*
CONFORMING LOAN LIMIT up to $417,000*
30 year fixed rate = 4.625%, 0 Points
15 year fixed rate = 3.875%, 0 Points
5/1 year ARM = 3.250% / 0 Points (Interest Only also available)
7/1 year ARM = 3.625% / 0 Points (Interest Only also available)
10/1 year ARM = 4.000% / 0 Points (Interest Only also available)
HIGH BALANCE CONFORMING LOAN LIMIT >$417,000 up to $729,750*
30 year fixed rate = 4.750% / 0 Points
15 year fixed rate = 3.875%, 0 Points
5/1 year ARM = 3.375% / 0 Points (Interest Only also available)
7/1 year ARM = 3.750 / 0 Points (Interest Only also available)
10/1 year ARM = 4.125% / 0 Points (Interest Only also available)
JUMBO Loans **
30 year fixed rate = 5.125% / 0 Points (Interest Only also available)
15 year fixed rate = 4.500%, 0 Points
5/1 year ARM = 3.500% / 0 Points (Interest Only also available)
7/1 year ARM = 3.875% / 0 Points (Interest Only also available)
10/1 year ARM = 4.250% / 0 Points
* Rates and Loan Limits subject to change at anytime without notice (Maximum High Balance Conforming Loan Amount reducing to $625,500 with FUNDINGS Beginning October 1, 2011)
**Jumbo rates reflects 0.25% discount for setting up Wells Fargo bank account with autopay of home loan payment; for loans > $2 million please contact me for rates and guidelines
Thank you Fady- Wells Fargo