Mortgage interest rates for 30 years @ 4.25%

Mortgage rates have been pretty steady the past few months, but recently since the market being so volatile, money was moving from stocks to bonds. The effects of that was the 10 year Treasury bonds dipped below 3% as low as 2.95%. Which has a direct effect on our mortgage rates, now the 30 years mortgage rates dropped to 4.25%, all time low. I have been in the business going on 23 years and i have never seen rates this low. Now, qualifying for these rates is another thing or getting these rates would require for the homeowners to be in a certain credit status and debt to income ratio to qualify.

Here are what is typically a qualified customer for these low rates:
* Property to be owner occupied.
* Loan amount under $417,000.00.
* Credit Score minimum @ 740 unless the loan to value ratio is less than 70%.
* Debt to income ratio needs to be below 45%, meaning all your debts ( Revolving & Installmend + PITI ) added up and if you divide it with your groos income, it should not exceed 45%.
* Employment history has to be in line with Fannie and Freddie guidelines.
* Cash out transactions will depend on the loan to value ratios to qualify for these rates.

If you happen to fall into these qualifications and guidelines, you should get these rates with no hassle. However, being in the loan business this long, every loan is different and there are no two loan that are similar.

Please CAll to see if you qualify for these rates and for free consultation, call anytime : 800-508-7048.

Here are some other great rates i would like to share with you :
15 years fixed rates : 3.75 %

5/1 ARM (Initial rates fixed for 5 years then this will turn into a adjustable) : 3.125%
7/1 ARM : (Same as above adjustments) : 3.5%
10/1 ARM (Same as above adjustments) : 3.77%

LOANS OVER $417,000.00
30 YEARS FIXED RATES : 4.625%
15 YEARS FIXED RATES: 4.125%

7/1 ARM ( Initial rates fixed for the first 7 years then will turn into an adjustable ) : 3.875%
10/1 ARM : 4.25%

These rates are all carrying .75% for conforming loans and .50% for jumbo loans.
Guaranteed fees: $ 695.00 processing and $ 780.00 underwriting ( in writing ).
Appraisal Fees : $ 340 or $ 390 depending on the loan amount. CAll for appraisal specials.

YOU HAVE TO CALL NOW, RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE AND THESE RATES ARE POSTED TODAY 7/1/2010. DRE LICENSE 01021223.

CALL KEN -800-508-7048

WE WILL MATCH ANY LENDERS RATES AND GUARANTEE ALL THE RATES AND FEES IN WRITING.

THANKS.



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