Wholesale Conforming Mortgage Rates and Pricing 9/11/2008
September 11th, 2008 Categories: Conforming Wholesale Mortgage Rates, Lenderama
Wholesale Conforming Mortgage Rates and Pricing 9/11/2008
An impressive run on falling rates, especially considering news and reports out of Wall Street that would traditionally push rates higher.
On 8/11/08 RateSpeed was reporting a the best case 30 Yr Fixed (without paying points) to be 6.375%, while today the same 30 Yr Program stands at 5.625%.
Its a great time to get a mortgage or re-mortgage folks…however, expect some delays. There is a serious uptick of business that lenders are probably not fully equipped to handle.
Conforming 3 Year ARM
Conforming 5 Yr ARM
Conforming 15 Year Fixed
Conforming 30 Yr Fixed
Wholesale direct Conforming rates and pricing shown are based on the variable factors below:
- Primary Residence
- Purchase or Rate Term Refinance
- Single Family Residence
- Loan To Value Ratio <80%
- Credit score <720
- Debt To Income Ratio <42%
- Loan Amount $100,000 to $417,000
- Fully Documentable Income and Assets
For a detailed explanation and definitions click here.
Information is derived directly from wholesale mortgage banks inter-daily program and pricing sheets and is deemed reliable but not guaranteed.
Mortgage rates and pricing may change up to 3 times daily, check often.
Rates and Pricing Provided by RateSpeed‚
