|
|
Adjustable
Rates
For Purchases and Refinances for the
Week of October 11,1999
|
Conforming Loan Programs
<$240,000
|
| Start
Rate |
Good
For |
Annual
Rate Cap |
Lifetime
Rate Cap |
Index |
Margin |
Points |
Closing
Costs? |
Estimated
APR* |
| 5.125% |
1 Year |
2.0% |
6.0% |
1 Yr T-Bill |
2.875% |
2 |
Yes |
8.44% |
| 5.375% |
" |
2.0% |
6 0% |
1 Yr T-Bill |
2.875% |
1 |
Yes |
8.35% |
| 6.50% |
" |
2.0% |
6.0% |
1 Yr T-Bill |
2.875% |
0 |
Yes |
8.36% |
| 7.00% |
" |
2.0% |
6.0% |
1 Yr T-Bill |
2.875% |
NO COST |
8.26% |
| 6.750% |
3 Years |
2.0% |
6.0% |
1 Yr T-Bill |
2.875% |
2 |
Yes |
8.43% |
| 7.00% |
" |
2.0% |
6.0% |
1 Yr T-Bill |
2.875% |
1 |
Yes |
8.36% |
| 7.25% |
" |
2.0% |
8.0% |
1 Yr T-Bill |
2.875% |
0 |
Yes |
8.29% |
| 7.625% |
" |
2.0% |
6.0% |
1 Yr T-Bill |
2.875% |
NO COST |
8.22% |
| 6.75% |
5 Years |
2.0% |
6.0% |
1 Yr T-Bill |
2.875% |
2 |
Yes |
8.27% |
| 7.125% |
" |
2.0% |
6.0% |
1 Yr T-Bill |
2.875% |
1 |
Yes |
8.26% |
| 7.500% |
" |
2.0% |
6.0% |
1 Yr T-Bill |
2.875% |
0 |
Yes |
8.24% |
| 7.75% |
" |
2.0% |
6.0% |
1 Yr T-Bill |
2.875% |
NO COST |
8.19% |
| 7.375% |
7 Years |
2.0% |
6.0% |
1 Yr T-Bill |
2.875% |
2 |
Yes |
8.34% |
| 7.625% |
" |
2.0% |
6.0% |
1 Yr T-Bill |
2.875% |
1 |
Yes |
8.32% |
| 7.875% |
" |
2.0% |
6.0% |
1 Yr T-Bill |
2.875% |
0 |
Yes |
8.29% |
| 8.125% |
" |
2.0% |
6.0% |
1 Yr T-Bill |
2.875% |
NO COST |
8.26% |
|
|
Jumbo Loan Programs
>$240,000
|
| Start
Rate |
Good
For |
Annual
Rate Cap |
Lifetime
Rate Cap |
Index |
Margin |
Points |
Closing
Costs? |
Estimated
APR* |
| 6.25% |
1
Year |
2.0% |
6.0% |
1
Yr T-Bill |
2.875% |
2 |
Yes |
8.52% |
| 6.50% |
" |
2.0% |
6.0% |
1
Yr T-Bill |
2.875% |
1 |
Yes |
8.43% |
| 6.75% |
" |
2.0% |
6.0% |
1
Yr T-Bill |
2.875% |
0 |
Yes |
8.34% |
| 7.125% |
" |
2.0% |
6.0% |
1
Yr T-Bill |
2.875% |
NO
COST |
8.26% |
| 5.625% |
3
Years |
2.0% |
6.0% |
1
Yr T-Bill |
2.875% |
2 |
Yes |
8.17% |
| 6.00% |
" |
2.0% |
6.0% |
1
Yr T-Bill |
2.875% |
1 |
Yes |
8.15% |
| 6.25% |
" |
2.0% |
6.0% |
1
Yr T-Biil |
2.875% |
0 |
Yes |
8.09% |
| 6.875% |
" |
2.0% |
6.0% |
1
Yr T-Bill |
2.875% |
NO
COST |
8.10% |
| 5.75% |
5
Years |
2.O% |
6.0% |
1
Yr T-Bill |
2.875% |
2 |
Yes |
7.94% |
| 6.125% |
" |
2.0% |
6.0% |
1
Yr T-Bill |
2.875% |
1 |
Yes |
7.95% |
| 6.375% |
" |
2.0% |
6.0% |
1
Yr T-Bill |
2.875% |
0 |
Yes |
7.92% |
| 7.00% |
" |
2.0% |
6.0% |
1
Yr T-Bill |
2.875% |
NO
COST |
7.98% |
| 6.375% |
7
Years |
2.0% |
6.0% |
1
Yr T-Bill |
2.875% |
2 |
Yes |
7.94% |
| 6.625% |
" |
2.0% |
6.0% |
1
Yr T-Bill |
2.875% |
1 |
Yes |
7.93% |
| 6.875% |
" |
2.0% |
6.0% |
1
Yr T-Bill |
2.875% |
0 |
Yes |
7.91% |
| 7.25% |
" |
2.0% |
6.0% |
1
Yr T-Bill |
2.875% |
NO
COST |
7.95% |
|
These are just
a few of the loan programs we offer, other programs are available
that can be tailored to fit your specific situation.
*Closing costs
vary depending on location, lenders, title companies, and
other factors. Where closing costs are applicable in calculating
the APR, they are estimated to be $2,200. This page is not
intended as an offer to extend credit nor a commitment to
lend. The loan interest rates, fees, and terms presented herein
are for illustrative purposes only and may not be currently
available. For adjustable rate mortgages, the rates shown
are subject to increase after settlement. The
above rates are for owner occupied properties only, and are
subject to change. As of Jan 1, 1999, the maximum limits for
Conforming loans are:
- $240,000
for single family dwelling
- $307,000
for 2 units
- $371,200
for 3 units
- $461,350
for 4 units
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