Wholesale Conforming Mortgage Rates and Pricing 9/15/2008
September 15th, 2008 Categories: Conforming Wholesale Mortgage Rates, Lenderama
Wholesale Conforming Mortgage Rates and Pricing 9/15/2008
Rates continue to trend lower as Wall Street spins into the abyss.
Although I would like to offer some useful advice, insight et al…I’m at a loss for words, watching like everyone else as we move into uncharted territory. All I have is a little bit of personal opinion…
Lehman Bros found out that the government can’t/won’t bail out everyone. Why were they ‘turned away’ while Bear Sterns J.P. Morgan, Fannie and Freddie were ‘backed’ by the Treasury? Me thinks they had to start proving a point with someone. Is this good? We’re about to find out.
In any case we’re walking down the path of a fast truth rather than slow lies…
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‚
