Friday, May 30, 2008
30 Year Fixed At 6.125% Now
A 30 year fixed rate was available at 6.125% now for borrowers with credit scores over 680 and sufficient down payment or equity and income for a single family purchase or refinance in Wisconsin. To apply email or call today. 414-416-9194 or 262-569-8675 wisconsinmortgages@gmail.com apr 6.29
Wednesday, May 28, 2008
Mortgage Rates Creep Up Wednesday
Mortgage rates rose Wednesday afternoon with a 30 year fixed now at 6.25%. (APR 6.39)
That rate is good for borrowers with credit and equity. There was not much difference in pricing for a 20, 15 or 10 year term. All were in the 5.75% range. (5.89 APR)
A better option now is a 5/1 ARM where the rate is about a half point lower than the 30 year fixed. This is a good loan for someone who plans on refinancing or selling in the next 5 years.
On a 5 year ARM the rate is fixed for five years and can adjust a maximum of 2 points after the 60th month. It has a maximun cap of 6 points over an 8 year term.
That rate is good for borrowers with credit and equity. There was not much difference in pricing for a 20, 15 or 10 year term. All were in the 5.75% range. (5.89 APR)
A better option now is a 5/1 ARM where the rate is about a half point lower than the 30 year fixed. This is a good loan for someone who plans on refinancing or selling in the next 5 years.
On a 5 year ARM the rate is fixed for five years and can adjust a maximum of 2 points after the 60th month. It has a maximun cap of 6 points over an 8 year term.
Tuesday, May 27, 2008
Home Sales Increase
The Commerce Department reported today that sales of new homes increased 3.3% nationally compared with April last year. In the Midwest April home sales increased 5.8%, the department reported. The median sales price was about $246,000 nationally, the department said.
Wednesday, May 21, 2008
April Homes Sales
The latest sales figures for April 2007 are as follows: Milwaukee County, 646 sold; Waukesha County 339 sold; Ozaukee 65; Washington 113; Racine 166; Kenosha 144; Washington 75 sold.
March figures were released in an earlier blog posting. In Milwaukee County there are 420 pending sales and 198 in Waukesha. Buyers and sellers remain far apart. Sellers remain firm as some buyers submitted offers 20% below asking with no success, according to the Great Milwaukee Association of Realtors. In times such as these with tight credit, appraisals, anxious sellers and fire sale thinking buyers it is more important than ever to work with an experienced mortgage professional and realtor to close the most important purchase of your life.
March figures were released in an earlier blog posting. In Milwaukee County there are 420 pending sales and 198 in Waukesha. Buyers and sellers remain far apart. Sellers remain firm as some buyers submitted offers 20% below asking with no success, according to the Great Milwaukee Association of Realtors. In times such as these with tight credit, appraisals, anxious sellers and fire sale thinking buyers it is more important than ever to work with an experienced mortgage professional and realtor to close the most important purchase of your life.
Jumbo Loans Available in Low 6s
We are offering some low Jumbo loan rates. A 3/1 Jumbo Arm is available at 6.5%. A 5/1 Jumbo Arm was also available at 6.625%. If you currently are on a Jumbo or have had difficulty finding a nice priced Jumbo loan contact me today at 414-416-9194. These rates and programs will not last. Guaranteed. APRs 6.65 and 6.78%
30 Year Mortgage Rate Below 6%
We are offering 30 year fixed rate mortgages below 6% for Wisconsin homeowners or those striving to become homeowners. Call to apply today. 414-416-9194 or 262-569-8675.
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