Minneapolis/St. Paul Real Estate Agent
August 24th, 2007
Weekend Rates - Edina Realty Mortgage
08/24/2007-08/27/2007
Rates are effective until 9:30 AM on Monday
Conventional
15 Year Fixed 5.875-6.125%
30 Year Fixed 6.25-6.50%
40 Year Fixed 6.50-6.75%
7/1 ARM 6.625-7.00%
CDMP – 100%, No MI
30 Year Fixed 6.750%
FHA/VA
30 Year Fixed 6.375-6.750%
3/1 ARM 5.875-6.375%
Jumbo
15 Year Fixed 6.50-7.00%
30 Year Fixed 7.00-7.625%
40 Year Fixed 7.250-7.875%
10/1 ARM 7.125-7.500%
5/1 ARM 6.750-7.375%
Also available: No Closing Costs & Rate Buydowns
For More Information Contact:
Cheryl Stuntebeck
Home Mortgage Consultant
763-551-6706
Posted in Info for Buyers, Mortgage Market | Comments (0)
August 23rd, 2007
In recent weeks we’ve seen several mortgage lenders close their doors and others dramatically scale back their loan products, tighten their underwriting standards, and stop funding some closings entirely. In this market it is especially important that you know who the underlying lender is for the loan. While the buyer’s loan officer may still be in business, many mortgage brokers do not fund the loans themselves but rather by lenders like Countrywide.
It is worthwhile to check in with the buyer’s loan officer every week or two till closing to verify that there’s still money there when you close!
Posted in Info for Buyers, Info for Sellers | Comments (0)