11/19/08 Market Update

30 year fixed rate
5.875% @ 1 point ( 6.066% APR )
30 year fixed FHA rate:
6.25% @ 1 point ( 6.447% APR )
Jumbo rate:
Loan Amounts up to $2,000,000, 5 or 7 year fixed 30 year amortiation. LTV's up to 80%, call for more details.

6.125% @ 1 point (6.193% APR)
Niches:

Yesterday I went to the National Association of Mortgage Brokers Western Conference I found some great programs here is just some of them:

1. Awesome Conventional Pricing
2. Awesome Government Pricing
3. FHA, VA, PERS, STERS,
4. Access Program; an FHA loan with 0% down!! That is right Down Payment Assistance is back!!!
5. Incredible pricing on jumbo's to 2 million
6. Cash out refinancing with one day off the mls
7. Extremely lenient FHA underwriting. Worried about credit issues? I can help get around them
8. 75% Canadian loans
9. Stated loans to 70%LTV
10. Loan Modifications for those who are trying to save there home
11. Credit repair; if you need help with your credit I found a great company that can help!!!!!
12. HELOC's need an equity line? I can help.
Today's News


U.S. home builders reduced their starts of new homes by 4.5% in October, driving new construction to the lowest level since just after World War II, the Commerce Department estimated Wednesday.

click here for the full story