Hoboken Mortgage Rates

Ok all of you "what's today's rate?" fans.. here it is the Hoboken mortgage rates from Inside Hoboken Real Estate's special mortgage rate getter. www.mundymortgages.com

REVISED November 24th, 2009---- 4:00 PM ET
Lock Period = 45 Days
CONVENTIONAL CONFORMING LOANS (loans less than or equal to $417,000)
30 YEAR FIXED ---------------------------- 4.875%, No Points
15 YEAR FIXED----------------------------- 4.250%, No Points
5 / 1 ARM------------------------------------- 3.750%, No Points
7/1 ARM ------------------------------------- 4.125%, No Points

Add .125% to Rate or .500 To Points For Loans <$80,000 or If Waiving Escrows
Investment Properties --- ** Add 1.75 points (if 25% down)**
There may be a rate increase for cash-out refinance transactions over 60% Loan to Value, or condominiums over 75% LTV

CONVENTIONAL HIGH BALANCE CONFORMING FIXED RATE LOANS (loans greater than $417,000, but less than $729,500)
30 YEAR FIXED ------------------------- 5.125%, No Points
** Loan amount restrictions based on county and property type.
CONVENTIONAL JUMBO LOANS (30 year fixed greater than expanded conforming, every other program greater than $417,000)
30 YEAR FIXED--------------------------- 5.625% No Points
15 YEAR FIXED--------------------------- 5.000% No Points
5 / 1 ARM------------------------------------- 4.250%, No Points
7/1 ARM -------------------------------------- 4.750%, No Points
** All non-conforming loans need to be discussed in detail
*** Special Program 15/ 30 ARM -----5.000% -- .50% Points --- Loans up to $1,000,000!!!
**Please call for rates on loans over 1 million**
**Keep in mind that every borrowers situation is different, and each must be evaluated individually.**