Weekend Interest Rates

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 by Aaron Dickinson - Edina Realty on 08-24-2007 at 04:08 pm
Posted in Info for Buyers, Mortgage Market with 0 Comments

Sellers: Will You Get Paid At Closing?

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 by Aaron Dickinson - Edina Realty on 08-23-2007 at 05:08 pm
Posted in Info for Buyers, Info for Sellers with 0 Comments