daily commentary and rates

Posted by Leslie Bauer on Monday, September 22nd, 2008 at 2:33pm.

Daily Commentary & Rates

Monday, September 22, 2008

After such a long spell of lousy news on the housing front – for sellers and owners, that is – here's a surprise: In today's housing market, there are just 3.9 months of for-sale inventory in Sacramento County and West Sacramento versus 11.4 months a year ago. Thank goodness for REO’s, short sales, and non-owner purchases. Currently 25% of listings are on homes repossessed by banks.

 

Conforming Rates

($200,000 - $417,000)

0 Points

1 Point

30 Year

6.125

5.750

15 Year

5.875

5.500

7/1 ARM

6.875

6.375

5/1

6.750

6.125

3/1 ARM

6.875

6.125

7/1 ARM INTEREST ONLY

7.250

6.625

5/1 ARM INTEREST ONLY

6.875

6.250

3/1 ARM INTEREST ONLY

7.250

6.375

 

Jumbo Rates

($417,001 - $650,000)

0 Points

1 Point

30 Year

6.250

6.000

15 Year

6.250

5.750

7/1 ARM

9.250

7.750

5/1

8.875

8.000

3/1 ARM

8.500

7.625

7/1 ARM INTEREST ONLY

9.500

8.750

5/1 ARM INTEREST ONLY

8.875

8.125

3/1 ARM INTEREST ONLY

8.500

7.750

 

Super Jumbo Rates

($650,000+)

0 Points

1 Point

30 Year

8.000

7.500

15 Year

8.500

7.750

7/1 ARM

9.250

8.500

5/1

8.875

8.000

3/1 ARM

8.500

7.500

7/1 ARM INTEREST ONLY

9.500

8.750

5/1 ARM INTEREST ONLY

8.875

8.125

3/1 ARM INTEREST ONLY

8.500

7.750



Fannie Mae (Stimulus) Jumbo Pricing

(<$729,750)

0 Point

1 Point

30 Yr fixed

6.250

5.875

15 Yr Fixed

6.125

6.000

5 Yr ARM

7.250

7.125

 

 

 

 

 

Gil Mora

Residential Pacific Mortgage

1160 Battery Street

San Francisco, CA  94111

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