Latest Hoboken Mortage Rates

The latest Hoboken Mortgage Rates from the IHRE mortgage rate guy....

REVISED January 15th, 2010---- 10:30 AM ETLock Period = 30 Days
CONVENTIONAL CONFORMING LOANS (loans less than or equal to $417,000)
30 YEAR FIXED ---------------------------- 5.000%/ 5.036% APR
30 YEAR FIXED INTEREST ONLY--- 5.625%/ 5.657% APR
15 YEAR FIXED----------------------------- 4.375%/ 4.411% APR
5 / 1 ARM------------------------------------- 3.750%/ 3.621% APR
7/1 ARM ------------------------------------ 4.250%/ 4.016% APR
* All quotes are with 0 points*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 ------------------------- 5.250%/ 5.279% APR
15 YEAR FIXED ------------------------- 4.625%/ 4.641% APR
** Loan amount restrictions based on county and property type.
***There may be a rate increase for cash-out refinance transactions over 60% Loan to Value, or condominiums over 75% LTV
CONVENTIONAL JUMBO LOANS (Fixed rate programs greater than high-balance conforming, ARM programs greater than $417,000)
30 YEAR FIXED--------------------------- 5.990%/ 6.015% APR
30 YEAR FIXED INTEREST ONLY-- 6.250%/ 6.271% APR15 YEAR FIXED--------------------------- 5.125%/ 5.140% APR5 / 1 ARM------------------------------------- 4.500%/ 4.316%APR
7/1 ARM -------------------------------------- 4.750%/ 4.556% APR ** All non-conforming loans need to be discussed in detail

*** Special Program 15/ 30 ARM -----5.000% / 4.922% APR -- .50% Points --- Loans up to $1,000,000!!!

**Please call for rates on loans over $1 million!! **
** Please call for rates on FHA loans!! **
Total Fees Charged By Pinnacle Mortgage, Inc.
$350.00 -- Application Fee (Includes Appraisal, Lock-in, Credit, Flood & Processing) $395.00 -- Commitment Fee (Wiring Funds, Attorney Review & Doc Preparation)

Michael Mundy Pinnacle Mortgage, Inc.Mobile -- (973) 985-9948 mmundy@pinnaclemortgage.biz
www.mundymortgages.com

Hoboken Real Estate
Total condos available 442
Avg DOM 101
Information deemed reliable but not guaranteed

Thanks mortgage rate guy for the latest Hoboken Mortgage Rates