Jan 20th Mortgage Market Update

We are officially under a new administration. New stimulus packages are being presented, new market information is being released. What does all this mean for our real estate and mortgage markets? Click my video to find out:


30 year fixed rate 4.625%
( 4.957% APR )

30 year fixed FHA rate: 4.5%
( 4.841% APR )

Jumbo rate: 6%
Loan Amounts up to $2,000,000, 5 or 7 year fixed 30 year amortiation. LTV's up to 80%, call for more details.
(6.154% APR)

Today's News:

1. Obama to unveil new rescue plan: Geithner
Treasury nominee offers no estimate of cost, signals more money needed

2. U.S. home builders became even more pessimistic about the housing market in January, according to a survey conducted by an industry trade group released Wednesday.