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Jun
07
Posted by danita jolly
Mortgage-backed securities have struggled over the last two weeks. There was some positive trading today, however, as the market closed up 31 bps. Hopefully this momentum will carry into Monday giving us better rates to start the week. All rates are based on a principal and interest payment and a 1% loan origination fee.
Best regards,
Ben
Conforming
30 year fixed – 6.125%
5/1 ARM – 5.250%
7/1 ARM – 5.500%
High Balance Conforming ($567,500 maximum)
30 year fixed – 6.250%
5/1 ARM – 5.625%
Non-Conforming (Jumbo)
30 year fixed – 7.250%
5/1 ARM – 6.625%
FHA
30 year fixed – 6.000%
Ben Lenderman
Home Mortgage Consultant
Wells Fargo Home Mortgage
P6447-140
10900 NE 8th St., Suite 1430
Bellevue, WA 98004
425.468.8613 Tel
800.643.0528 Toll-free
425.301.1897 Cell
866.636.7738 Fax
ben.lenderman@wellsfargo.com
http://www.wfhm.com/ben-lenderman
Please Give Ben A call Directly For Personalized Service
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May
23
Posted by danita jolly
Bonds continued their rollercoaster mentality this week, with the net/net being that rates closed today at similar levels compared to last Friday. The market will be closed on Monday due to the Memorial Day holiday, so we won’t have new rates until Tuesday, May 27. At market close, the day change was reported +16 bps so hopefully Tuesday will open with rates holding at their current levels.
All rates are based on a principal and interest payment and a 1% loan origination fee.
Best regards,
Ben
Conforming
30 year fixed – 5.875%
5/1 ARM – 5.250%
7/1 ARM – 5.500%
High Balance Conforming ($567,500 maximum)
30 year fixed – 6.000%
5/1 ARM – 5.500%
Non-Conforming (Jumbo)
30 year fixed – 6.875%
5/1 ARM – 6.250%
FHA
30 year fixed – 5.750%
Ben Lenderman
Home Mortgage Consultant
Wells Fargo Home Mortgage
P6447-140
10900 NE 8th St., Suite 1430
Bellevue, WA 98004
425.468.8613 Tel
800.643.0528 Toll-free
425.301.1897 Cell
866.636.7738 Fax
ben.lenderman@wellsfargo.com
http://www.wfhm.com/ben-lenderman
Please call Ben directly to find out details for your specific needs. If you have any questions about becoming a homeowner please call me with your questions or any help that you may need. – Danita Jolly, Realtor 206–412–3699
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May
17
Posted by danita jolly
Information below provided courtesy of Ben Lenderman with Wells Fargo. Please give him a call directly for your specific and personal loan needs.
The bond market was all over the place on Friday, having an intraday range of 72 bps. Thankfully the market closed up 19 bps leaving us in a decent position heading into the weekend and for Monday. Bonds opened the morning at a gloomy -34 bps but we gained all of that and more back when one of the worst readings in consumer confidence in almost three decades was announced. This sent the stock market down and the bond market up. This trend may become further solidified in the coming days and weeks, and if it does . . . we could see some phenomenal interest rates come our way. But be ready to pounce, because it may not last long.
All rates are based on a principal and interest payment and a 1% loan origination fee.
Best regards,
Ben
Conforming
30 year fixed – 5.875%
5/1 ARM – 5.250%
7/1 ARM – 5.375%
High Balance Conforming ($567,500 maximum)
30 year fixed – 5.875%
5/1 ARM – 5375%
Non-Conforming (Jumbo)
30 year fixed – 6.750%
5/1 ARM – 6.250%
FHA
30 year fixed – 5.750%
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May
09
Posted by danita jolly
Please check back every Friday for an update on Interest Rates. I have personally worked with Ben Lenderman on dozens of transactions. He is very knowledgeable, helpful and can give you much in-site on a loan program that would best suit your needs. Please be aware that there are many variables that contribute to an Interest Rate. The following information provided is generalized and it would be advisable for you to speak with Ben directly to acquire the most accurate information for your specific needs. ~ Danita Jolly, Realtor 206-412-3699
Mortgage-backed securities closed way down today (-50 bps). This almost assures us that Monday’s rates will be worse from their current levels. I do want to highlight one important aspect of this week’s update: the lower rates for the High Balance Conforming program. Check out these rates compared to previous weeks! Rates have come down anywhere from .500%—1.250% depending on the loan product. We’ve been waiting for the market to adopt this improved pricing on this program and it finally happened yesterday. Now we have a good program and a good rate.
All rates are based on a principal and interest payment and a 1% loan origination fee.
Best regards, Ben
Conforming
30 year fixed – 5.750%
5/1 ARM – 5.000%
7/1 ARM – 5.250%
High Balance Conforming ($567,500 maximum)
30 year fixed – 5.875%
5/1 ARM – 5.250%
Non-Conforming (Jumbo)
30 year fixed – 6.750%
5/1 ARM – 6.125%
FHA
30 year fixed – 5.750%
Ben LendermanHome Mortgage Consultant
Wells Fargo Home Mortgage
P6447-140
10900 NE 8th St., Suite 1430Bellevue, WA 98004
425.468.8613 Tel
800.643.0528 Toll-free
425.301.1897 Cell
866.636.7738 Fax
ben.lenderman@wellsfargo.com
http://www.wfhm.com/ben-lenderman
