CURRENT RATES FOR PURCHASE TRANSACTIONS
Conforming Loans: Loan amounts $417,000 & under*
30-yr Fixed = 4.75 % Purchase Only
15-yr Fixed = 4.25 % Purchase Only
NEW!
Conforming 5/1 = 3.50 % amortized; 3.75% interest only
Conforming 7/1 = 3.875% amortized
(Consult your Covenant Mortgage Professional for Refinance Quotes)
Jumbo Loans:Loan amounts over $417,000*
5/1 ARM = 4.25%
7/1 ARM = 4.50%
NEW! 30-year Fixed JUMBO = 5.50%
FHA Loans: *
30-yr Fixed Range = 4.625% - 5.00%
NEW! FHA 5/1 ARM = 3.50 % Qualify at Start Rate
Call Phil Now For More Details!
*Based on pricing as of Friday, January 21st, 2010 at 12:00PM.
Prices, guidelines, and programs subject to change without notice. Subject to errors and omissions.
This information is not intended to constitute an advertisement for purposes of the Truth-in-Lending Act or Regulation "Z". It is intended solely for use by Real Estate professionals.
Residential Mortgage Licensee: GA Licensee # 22745, Florida Licensee # CL0800186,
North Carolina Licensee # B-147025, Covenant NMLS # 144774
For More Information Call or Email our Preferred Lender
Phil Blankstein
Mortgage Planner
Cell 678-938-7111
phil.blankstein@mycovenantmortgage.com
NMLS # 251790, GA License# 26422
Labels: Alpharetta, cumming, current mortgage rates, homes for sale