Oil Up. Rates Down.

From The IHRE Mortgage guy.....

**Keep in mind that every borrower’s situation is different, and each must be evaluated individually.

Rates could be higher, or lower, depending on each individual scenario!!**

REVISED February 23rd, 2011---- 12:00 PM ET
Lock Period = 45 Days

CONVENTIONAL CONFORMING LOANS (loans less than or equal to $417,000)

30 YEAR FIXED ---------------------------- 4.875%/ 4.913% APR

30 YEAR FIXED INTEREST ONLY--- 5.375%/ 5.396% APR

15 YEAR FIXED----------------------------- 4.250%/ 4.298% APR

5 / 1 ARM------------------------------------- 3.500%/ 3.211% APR

7/1 ARM ------------------------------------ 3.875%/ 3.586% APR

*All quotes are with 0 points
*Investment Properties --- ** Add 1.75 points (if 25% down)**
*There is 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%/ 5.136% APR

15 YEAR FIXED ------------------------- 4.500%/ 4.527% APR

** Loan amount restrictions based on county and property type. Cash-out refinances over 60% LTV not allowed.

***There is a rate increase for condominiums over 75% LTV***


CONVENTIONAL JUMBO LOANS (Fixed rate programs greater than high-balance conforming, ARM programs greater than $417,000 up to $1,000,000 loan amount)

30 YEAR FIXED--------------------------- 5.375%/ 5.391% APR

30 YEAR FIXED INTEREST ONLY-- 5.625%/ 5.638% APR
15 YEAR FIXED--------------------------- 4.500%/ 4.527% APR
5 / 1 ARM------------------------------------- 3.999%/ 3.623%APR

7/1 ARM -------------------------------------- 4.250%/ 3.998% APR

** All non-conforming loans need to be discussed in detail

** ARM rates on jumbo products could be lower with a 25% down payment or more

** There may be a rate add-on for condominiums and multi-family homes



*** Special Program 15/ 30 ARM -----4.500% / 4.698% APR -- .50% Points --- Loans up to $1,000,000!!!



**Please call for rates on loans over $1 million or rates on FHA loans**

www.mundymortgages.com