As you have seen and heard the Fed cut rates today. This has had a large
impact on the ARM rates and a muted but positive impact on long term fixed
rates. I stated this on Friday and I will do so again “Basically anyone that
has purchased a home in the last two years should probably be looking at
refinancing the current loan that they have.”
Also if you have someone who is sitting on the fence waiting to buy a home now
is a great time.
As always feel free to give me a call and we can discuss a particular scenario.
RiverWood Financial Group
For ALL of your home financing needs!
Purchase and Rate Term Refinance Special *
Loan Amounts 150,000 up to $417,000
|
Product |
Rate |
Points |
Rate |
Points |
|
30 Year Fixed |
5.375% |
1 |
5.000% |
2 |
|
15 Year Fixed |
4.875% |
0 |
4.750% |
1 |
|
3/1 ARM |
4.375% |
1 |
3.750% |
2 |
|
5/1 ARM |
4.500% |
1 |
4.000% |
2 |
|
7/1 ARM |
4.750% |
1 |
4.375% |
2 |
Jumbo Rates**
Loan Amounts over $417,000 up to $750,000
|
Product |
Rate |
Points |
|
30 Year Fixed |
5.750% |
.50 |
|
15 Year Fixed |
5.375% |
.50 |
|
3/1 ARM |
5.250% |
.50 |
|
5/1 ARM |
5.375% |
.50 |
|
7/1 ARM |
5.625% |
.50 |
|
10/1 ARM |
5.750% |
.50 |
VA and IRRRL Rate Term
|
Product |
Rate |
Points |
Rate |
Points |
|
30 Year Fixed |
5.500% |
1 |
5.25% |
2 |
Stated Income Verified Asset*
|
Product |
Rate |
Points |
|
30 Year Fixed |
5.875% |
1 |
|
5/1 ARM |
5.375% |
1 |
|
7/1 ARM |
5.625% |
1 |
Rates are subject to change without notice. For Rate/Term refinance.
This does not constitute an advertisement to the general public under Reg. Z[225.2 (a)2].
Additional products are available. All loans subject to approval. Call for details.
*Conventional rates based on loan amount of $150,000, 80% LTV .
**Jumbo rates based on loan amount of $417,001-$750,000, 80% LTV.
Contact RiverWood Financial Group for details:
Michael S. Miller
317.730.7049