Pete’s BAAAAAAACK!! Here is our Lender Guy’s interest rates up date as of December 4, 2009 which we call ”Pete’s Friday rates !” Can you say 38 years low!! The Fed’s beige book reported improved economic conditions in eight out of the twelve regions and was optimistic about overall economic activity. Mr. Lacker of the Federal reserve urged the Fed to “tighten policy” to stave off any inflation. Unemployment figures down a little, but positive economic news causes rates to go up often! Lots of emotional responses by market. 707-481-2737 Email peterphillippe@princetoncap.
Ask me about getting a free credit report , KNOW your FICO score before looking for a home!
30 day locks shown on rates below
To $417,000 4.75% 1 pt , 30 yr fixed, or on a 5/1 program 4% 1 pt !!
To $662,250 5.0% 1pt 30 yr fixed or on a 5/1 program 4.5%1 pts
To $417,000 4.875% 1 pt 30 yr fixed on FHA loans 3.5% down!
To $662,250 5% 1pt 30 yr fixed on Jumbo FHA loans 3.5% down !
aprs not calculated, full doc examples with 720 ficos with conventional loans and 620 scores needed with FHA loans, Rates and points can change depending on LTVs, fico scores and purpose of loan. Rates and programs subject to change. Princeton Capital is a residential mortgage lender and a RMR Financial co. licensed by the Ca. Dept. of Corp. under the Ca Residential Mortgage lending act. lic #415-0027 .