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I typically do not send out newsletters with specific rate information but I am today. Hopefully this will give you an idea of how your situation stacks up w/ current market conditions. You might be good to go but then again, you might know someone who could really benefit.

As always, it is important to understand that there are many factors that affect one's borrowing ability so it's crucial to get with someone sooner than later to help you understand how a refi, purchase or construction loan translates to you. The following is a snap-shot of rates I pulled today to give you an idea of what is available. I will provide the loan amount, type of program, interest rate and APR. It is up to you to contact me to confirm how you compare.

Purchase & Rate Term Refinances - Primary Residence or 2nd Home

loan of $417k and below (conforming)

• 30 year fixed: 4.625% Rate / 4.723% APR
• 15 year fixed: 4.125% Rate / 4.256% APR
• 5/1 ARM: 3.5% Rate / 3.561% APR

loan between $417k & $567,500 (high balance)

• 30 year fixed: 4.875% Rate / 4.916% APR
• 15 year fixed: 4.25% Rate / 4.339% APR
• 5/1 ARM: 3.875% Rate / 3.966% APR (NOTE: high balance loans need to be at 75% LTV)

loans above $567,500 (JUMBO) - I will provide various loan programs based on a $2m balance.

• 30 year fixed: 5.625% Rate / 5.685% APR
• 15 year fixed: 4.625% Rate / 4.629% APR
• 5/1 ARM: 4.125% Rate / 4.127% APR
• 7/1 ARM: 4.625% Rate / 4.627% APR
• 10/1 ARM: 5.125% Rate / 5.127% APR

Lastly, I thought I would provide you my top 10 list on what are the most common reasons for deal killers that I am seeing on the front lines. With that said, sometimes there are ways around these road blocks so getting with the right person, with the right company/resources, is key. If one of these is standing in the way of leveraging the low rate environment, ask yourself if you're sure you've exhausted every option. Maybe not?

• low appraised values
• lack of income
• lack of employment history
• low credit scores and or poor credit history (BK, lates, etc.)
• significant back-end debt
• lack of assets or down payment for a purchase
• too many properties financed
• recent foreclosure or short sale
• unique properties (e.g. acreage, zoning, etc.)
• title seasoning (lack of time on title)

I can't predict where interest rates are going but I can tell you what you'd qualify for today. You never know until you reach out so don't assume you have no options. As always, if you, or someone you know, needs help, I am always here. Thank you.