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Recently in *Loans Available for Locking* Category

**The Best Loans Right NOW**

Based upon "average credit", not absolutely perfect credit. People who do have better credit get even better rates!

**Conforming Rates**

**Thirty Year Fixed Rate Loans**

**4.875%** 30 Year fixed rate loan, with one total point (that covers both discount and origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2117, APR 5.003! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.25 percent (If I wanted to pretend buying the rate down that far wasn't a waste of your money!)

**5/1 Hybrid ARM Rates**

5/1 ARMs have now fallen to levels below 30 year fixed by over a full percent for the same cost!

**3.75%** 5/1 ARM, with one total point (that covers both discount and origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $1852, APR 3.870! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 ARM rates as low as 2.625% - If I wanted to advertise a rate that wastes thousands of dollars of your money!

**Jumbo Conforming Rates** (aka Super Conforming)

(**NOW $417,001 to $697,500 in San Diego)**)

**5.125%** 30 Year fixed rate loan, with one total point (that covers both discount and origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $500,000 loan, Payment $2722, APR 5.254! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.375 percent if I was trying to get my clients to waste thousands of dollars!

**VA Rates**

**4.875%** 30 Year fixed rate loan,with one total point (that covers both discount and origination) to the consumer and NO PREPAYMENT PENALTIES (Standard Veterans Administration government generated charges to borrowers apply)!. Assuming a $400,000 loan, Payment $2117, APR 5.003! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate VA loans as low as 4.5 percent (But you'd have to be crazy to pay that many points!)

**NONCONFORMING ("JUMBO") RATES**

(**NOW $697,501 and above in San Diego**)

These numbers assume a 70% loan to value ratio, not 80.

**Thirty Year Fixed Rate Loans**

**5.875%** "Jumbo" 30 Year fixed rate loan, with one total point (that covers both discount and origination) and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $4141, APR 6.002! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! Jumbo 30 year fixed rate loans as low as 5.125 percent if you want to probably waste thousands of dollars you'll never get back!

**5/1 Hybrid ARM Rates**

*JUMBO 5/1s are about one percent lower than 30 year fixed for the same cost*

**4.75%** "Jumbo" 5/1 ARM, with one total point (that covers both discount and origination), and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $3652, APR 4.869! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 Jumbo ARMs as low as 4.00 percent - I could advertise those if I didn't care about my clients wasting money!

On the hypothetical $700,000 loan, a 5/1 saves over $650 per month in cost of interest over a thirty year fixed at the same cost!

All rates above are intended for San Diego County today, and include a 30 day lock. Loan prices will vary every day. Loan pricing in the rest of California will be similar. Conforming loan pricing will be similar between about $150,000 and the conforming limit in your area. Nonconforming loan pricing will be similar from the conforming limit up to about $1 million dollars in loan amount.

10 year interest only payments available on 30 year fixed rate loans!

Great Rates on super-jumbo loans also available!

Zero closing costs and zero points loans also available!

Portfolio lenders! Need something special most lenders can't do? Portfolio lenders may be the key! I have portfolio lenders!

Yes, I still have low to zero down payment purchase programs.

These are actual retail rates at actual costs available to real people with average credit scores! I always guarantee the loan type, rate, and total cost as soon as I am able to lock the loan (subject to underwriting approval of the loan). I pay any difference, not you. If your loan provider doesn't do this, you need a new loan provider!

All of the above loans are on approved credit, not all borrowers will qualify, based upon an 80% loan to value and a median credit score on a full documentation loan. Rates subject to change until rate lock.

Interest only, bad credit and other options also available. If you need a mortgage, chances are I can do it faster and on better terms than you'll actually get from anyone else in the business.

Designing transactions for low to zero down payment a specialty

Please ask me about first time buyer programs, including the Mortgage Credit Certificate, which gives you a tax credit for mortgage interest, and can be combined with any of the above loans!

Owe more than the property is currently worth? **Ask about the 125% refinance with no PMI**

Call me. Clarion Mortgage Capital at 619-300-7425, ask for Dan. Or email me: danmelson (at) danmelson (dot) com

**The Best Loans Right NOW**

Based upon "average credit", not absolutely perfect credit. People who do have better credit get even better rates!

The lenders and investors seem to be sending a strong signal that they expect rates to rise. The cost curve to buy down loan rates is steeper than usual and "no points" rates are probably the best value out there for most people. Also, the spread between medium term ARMs like the 5/1 and the thirty year fixed has widened, meaning that the 5/1 is a good bargain if you are comfortable with the fact it will adjust in 5 years if not refinanced. If you're one of the vast majority who refinances anyway within 5 years, the only difference between a 30 fixed and a 5/1 ARM is the ARM has a lower rate for the same cost.

Most of the quotes below are for zero points loans. Note how close to the note rate that the APRs are. This is because total costs are low. When you see a difference of 2 tenths of a percent, they're telling you these loans are high cost. Even the jumbo loans with one quoted below only have differences between APY and APR of just over a tenth of a percent!

**Conforming Rates**

**Thirty Year Fixed Rate Loans**

**5.00%** 30 Year fixed rate loan, with **NO POINTS** (discount or origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2147, APR 5.040! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.25 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

5/1 ARMs have now fallen to levels below 30 year fixed by nearly a full percent!

**4.125%** 5/1 ARM, with **NO POINTS** (discount or origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $1939, APR 4.162! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 ARM rates as low as 3.00 percent (But you'd have to be crazy to pay that many points!)

**Jumbo Conforming Rates** (aka Super Conforming)

(**NOW $417,001 to $697,500 in San Diego)**)

**5.375%** 30 Year fixed rate loan, with **NO POINTS** (discount or origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $500,000 loan, Payment $2800, APR 5.415! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.375 percent (But you'd have to be crazy to pay that many points!)

**VA Rates**

**5.25%** 30 Year fixed rate loan, **NO POINTS** (discount or origination) from the lender to the consumer and NO PREPAYMENT PENALTIES (Standard Veterans Administration government generated charges to borrowers apply)!. Assuming a $400,000 loan, Payment $2209, APR 5.290! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate VA loans as low as 4.5 percent (But you'd have to be crazy to pay that many points!)

**NONCONFORMING ("JUMBO") RATES**

(**NOW $697,501 and above in San Diego**)

These numbers assume a 70% loan to value ratio, not 80.

**Thirty Year Fixed Rate Loans**

**5.75%** "Jumbo" 30 Year fixed rate loan, with ONE point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $4085, APR 5.876! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! Jumbo 30 year fixed rate loans as low as 5.25 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

*JUMBO 5/1s are about one percent lower than 30 year fixed for the same cost*

**4.875%** "Jumbo" 5/1 ARM, with one point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $3704, APR 4.995! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 Jumbo ARMs as low as 4.25 percent (But you'd have to be crazy to pay that many points!) On the hypothetical $700,000 loan, a 5/1 saves over $510 per month in cost of interest over a thirty year fixed!

All rates above are intended for San Diego County today, and include a 30 day lock. Loan prices will vary every day. Loan pricing in the rest of California will be similar. Conforming loan pricing will be similar between about $150,000 and the conforming limit in your area. Nonconforming loan pricing will be similar from the conforming limit up to about $1 million dollars in loan amount.

10 year interest only payments available on 30 year fixed rate loans!

Great Rates on super-jumbo loans also available!

Zero closing costs and zero points loans also available!

Portfolio lenders! Need something special most lenders can't do? Portfolio lenders may be the key! I have portfolio lenders!

Yes, I still have low to zero down payment purchase programs.

These are actual retail rates at actual costs available to real people with average credit scores! I always guarantee the loan type, rate, and total cost as soon as I am able to lock the loan (subject to underwriting approval of the loan). I pay any difference, not you. If your loan provider doesn't do this, you need a new loan provider!

All of the above loans are on approved credit, not all borrowers will qualify, based upon an 80% loan to value and a median credit score on a full documentation loan. Rates subject to change until rate lock.

Interest only, bad credit and other options also available. If you need a mortgage, chances are I can do it faster and on better terms than you'll actually get from anyone else in the business.

Designing transactions for low to zero down payment a specialty

Please ask me about first time buyer programs, including the Mortgage Credit Certificate, which gives you a tax credit for mortgage interest, and can be combined with any of the above loans!

Owe more than the property is currently worth? **Ask about the 125% refinance with no PMI**

Call me. Clarion Mortgage Capital at 619-300-7425, ask for Dan. Or email me: danmelson (at) danmelson (dot) com

**The Best Loans Right NOW**

Based upon "average credit", not absolutely perfect credit. People who do have better credit get even better rates!

**Conforming Rates**

**Thirty Year Fixed Rate Loans**

**4.875%** 30 Year fixed rate loan, with one total point (discount plus origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2117, APR 5.003! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.25 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

5/1 ARMs have now fallen to levels below 30 year fixed by nearly a full percent!

**3.875%** 5/1 ARM, with one total point (discount plus origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $1881, APR 3.996! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 ARM rates as low as 3.00 percent (But you'd have to be crazy to pay that many points!)

**Jumbo Conforming Rates** (aka Super Conforming)

(**NOW $417,001 to $697,500 in San Diego)**)

**5.25%** 30 Year fixed rate loan, with one point (total discount and origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $500,000 loan, Payment $2761, APR 5.380! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.375 percent (But you'd have to be crazy to pay that many points!)

**VA Rates**

**5.00%** 30 Year fixed rate loan, with one point (total discount and origination) from the lender to the consumer and NO PREPAYMENT PENALTIES (Standard Veterans Administration government generated charges to borrowers apply)!. Assuming a $400,000 loan, Payment $2147, APR 5.129! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate VA loans as low as 4.5 percent (But you'd have to be crazy to pay that many points!)

**NONCONFORMING ("JUMBO") RATES**

(**NOW $697,501 and above in San Diego**)

These numbers assume a 70% loan to value ratio, not 80.

**Thirty Year Fixed Rate Loans**

**5.875%** "Jumbo" 30 Year fixed rate loan, with ONE point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $4141, APR 6.002! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! Jumbo 30 year fixed rate loans as low as 5.25 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

*JUMBO 5/1s are about one percent lower than 30 year fixed for the same cost*

**5.00%** "Jumbo" 5/1 ARM, with one point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $3758, APR 5.120! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 Jumbo ARMs as low as 4.25 percent (But you'd have to be crazy to pay that many points!) On the hypothetical $700,000 loan, a 5/1 saves over $510 per month in cost of interest over a thirty year fixed!

All rates above are intended for San Diego County today, and include a 30 day lock. Loan prices will vary every day. Loan pricing in the rest of California will be similar. Conforming loan pricing will be similar between about $150,000 and the conforming limit in your area. Nonconforming loan pricing will be similar from the conforming limit up to about $1 million dollars in loan amount.

10 year interest only payments available on 30 year fixed rate loans!

Great Rates on super-jumbo loans also available!

Zero closing costs and zero points loans also available!

Portfolio lenders! Need something special most lenders can't do? Portfolio lenders may be the key! I have portfolio lenders!

Yes, I still have low to zero down payment purchase programs.

Sorry, **the last stated income program of which I'm aware stopped taking applications**.

These are actual retail rates at actual costs available to real people with average credit scores! I always guarantee the loan type, rate, and total cost as soon as I am able to lock the loan (subject to underwriting approval of the loan). I pay any difference, not you. If your loan provider doesn't do this, you need a new loan provider!

All of the above loans are on approved credit, not all borrowers will qualify, based upon an 80% loan to value and a median credit score on a full documentation loan. Rates subject to change until rate lock.

Interest only, bad credit and other options also available. If you need a mortgage, chances are I can do it faster and on better terms than you'll actually get from anyone else in the business.

Designing transactions for low to zero down payment a specialty

Please ask me about first time buyer programs, including the Mortgage Credit Certificate, which gives you a tax credit for mortgage interest, and can be combined with any of the above loans!

Owe more than the property is currently worth? **Ask about the 125% refinance with no PMI**

Call me. Clarion Mortgage Capital at 619-300-7425, ask for Dan. Or email me: danmelson (at) danmelson (dot) com

**The Best Loans Right NOW**

**Conforming Rates**

**Thirty Year Fixed Rate Loans**

**5.00%** 30 Year fixed rate loan, with one total point (discount plus origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2147, APR 5.129! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.25 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

5/1 ARMs have now fallen to levels below 30 year fixed by nearly a full percent!

**4.00%** 5/1 ARM, with one total point (discount plus origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $1910, APR 4.121! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 ARM rates as low as 3.875 percent (But you'd have to be crazy to pay that many points!)

**Jumbo Conforming Rates** (aka Super Conforming)

(**NOW $417,001 to $697,500 in San Diego)**)

**5.375%** 30 Year fixed rate loan, with one point (total discount and origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $500,000 loan, Payment $2800, APR 5.506! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.5 percent (But you'd have to be crazy to pay that many points!)

**VA Rates**

**5.25%** 30 Year fixed rate loan, with one point (total discount and origination) from the lender to the consumer and NO PREPAYMENT PENALTIES (Standard Veterans Administration government generated charges to borrowers apply)!. Assuming a $400,000 loan, Payment $2209, APR 5.381! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate VA loans as low as 4.5 percent (But you'd have to be crazy to pay that many points!)

**NONCONFORMING ("JUMBO") RATES**

(**NOW $697,501 and above in San Diego**)

These numbers assume a 70% loan to value ratio, not 80.

**Thirty Year Fixed Rate Loans**

**5.75%** "Jumbo" 30 Year fixed rate loan, with ONE point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $4085, APR 5.876! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! Jumbo 30 year fixed rate loans as low as 5.00 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

*JUMBO 5/1s are about one percent lower than 30 year fixed for the same cost*

**5.00%** "Jumbo" 5/1 ARM, with one point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $3758, APR 5.120! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 Jumbo ARMs as low as 4.25 percent (But you'd have to be crazy to pay that many points!) On the hypothetical $700,000 loan, a 5/1 saves over $510 per month in cost of interest over a thirty year fixed!

10 year interest only payments available on 30 year fixed rate loans!

Zero closing costs and zero points loans also available!

Yes, I still have low to zero down payment purchase programs.

Sorry, **the last stated income program of which I'm aware stopped taking applications**.

Designing transactions for low to zero down payment a specialty

Owe more than the property is currently worth? **Ask about the 125% refinance with no PMI**

**The Best Loans Right NOW**

**Conforming Rates**

**Thirty Year Fixed Rate Loans**

**5.00%** 30 Year fixed rate loan, with one total point (discount plus origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2147, APR 5.129! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.375 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

5/1 ARMs have now fallen to levels below 30 year fixed by nearly a full percent!

**4.125%** 5/1 ARM, with one total point (discount plus origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $1939, APR 4.247! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 ARM rates as low as 3.875 percent (But you'd have to be crazy to pay that many points!)

**Jumbo Conforming Rates** (aka Super Conforming)

(**NOW $417,001 to $697,500 in San Diego)**)

**5.375%** 30 Year fixed rate loan, with one point (total discount and origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $500,000 loan, Payment $2800, APR 5.506! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.5 percent (But you'd have to be crazy to pay that many points!)

**VA Rates**

**5.5%** 30 Year fixed rate loan, with **no points** (discount or origination) from the lender to the consumer and NO PREPAYMENT PENALTIES (Standard Veterans Administration government generated charges to borrowers apply)!. Assuming a $400,000 loan, Payment $2271, APR 5.541! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate VA loans as low as 4.5 percent (But you'd have to be crazy to pay that many points!)

**NONCONFORMING ("JUMBO") RATES**

(**NOW $697,501 and above in San Diego**)

These numbers assume a 70% loan to value ratio, not 80.

**Thirty Year Fixed Rate Loans**

**5.75%** "Jumbo" 30 Year fixed rate loan, with ONE point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $4085, APR 5.876! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! Jumbo 30 year fixed rate loans as low as 5.00 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

*JUMBO 5/1s are about one percent lower than 30 year fixed for the same cost*

**4.875%** "Jumbo" 5/1 ARM, with one point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $3704, APR 4.995! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 Jumbo ARMs as low as 4.25 percent (But you'd have to be crazy to pay that many points!) On the hypothetical $700,000 loan, a 5/1 saves over $510 per month in cost of interest over a thirty year fixed!

10 year interest only payments available on 30 year fixed rate loans!

Zero closing costs and zero points loans also available!

Yes, I still have low to zero down payment purchase programs.

Sorry, **the last stated income program of which I'm aware stopped taking applications**.

Designing transactions for low to zero down payment a specialty

**Ask about the 125% refinance with no PMI**

**The Best Loans Right NOW**

**Conforming Rates**

**Thirty Year Fixed Rate Loans**

**5.25%** 30 Year fixed rate loan, with one total point (discount plus origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2208, APR 5.381! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.5 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

5/1 ARMs have now fallen to levels below 30 year fixed by nearly a full percent!

**4.375%** 5/1 ARM, with one total point (discount plus origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $1997, APR 4.499! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 ARM rates as low as 4 percent (But you'd have to be crazy to pay that many points!)

**Jumbo Conforming Rates** (aka Super Conforming)

(**NOW $417,001 to $697,500 in San Diego)**)

**5.5%** 30 Year fixed rate loan, with one point (total discount and origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $500,000 loan, Payment $2839, APR 5.632! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.625 percent (But you'd have to be crazy to pay that many points!)

**VA Rates**

**5.5%** 30 Year fixed rate loan, with one total point (discount plus origination) from the lender to the consumer and NO PREPAYMENT PENALTIES (Standard Veterans Administration government generated charges to borrowers apply)!. Assuming a $400,000 loan, Payment $2271, APR 5.633! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate VA loans as low as 4.75 percent (But you'd have to be crazy to pay that many points!)

**NONCONFORMING ("JUMBO") RATES**

(**NOW $697,501 and above in San Diego**)

These numbers assume a 70% loan to value ratio, not 80.

**Thirty Year Fixed Rate Loans**

**6.00%** "Jumbo" 30 Year fixed rate loan, with ONE point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $4197, APR 6.128! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! Jumbo 30 year fixed rate loans as low as 5.00 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

*JUMBO 5/1s are about one percent lower than 30 year fixed for the same cost*

**5.25%** "Jumbo" 5/1 ARM, with one point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $3865, APR 5.372! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 Jumbo ARMs as low as 4.125 percent (But you'd have to be crazy to pay that many points!) On the hypothetical $700,000 loan, a 5/1 saves over $430 per month in cost of interest over a thirty year fixed!

10 year interest only payments available on 30 year fixed rate loans!

Zero closing costs and zero points loans also available!

Yes, I still have low to zero down payment purchase programs.

Sorry, **the last stated income program of which I'm aware stopped taking applications this week**.

These are actual retail rates at actual costs available to real people with average credit scores! I always guarantee the loan type, rate, and total cost as soon as I have enough information from you to lock the loan (subject to underwriting approval of the loan). I pay any difference, not you. If your loan provider doesn't do this, you need a new loan provider!

Interest only, stated income, bad credit and other options also available. If you need a mortgage, chances are I can do it faster and on better terms than you'll actually get from anyone else in the business.

Designing transactions for low to zero down payment a specialty

**Ask about the 105% refinance with no PMI**

**The Best Loans Right NOW**

I am sorry to have to report that we've had a spike in rates available and costs to get them this week. We may see a small decline in the next 2-3 weeks but I am certain the lowest rates are in the past. For those people I got 4.5% on thirty year fixed rate loans (and for less than a point in some cases) smile and pat yourself on the back. For those people still thinking about refinancing, we are likely to see significant upwards pressure on rates in a couple months. If current rates will still help you, let's get it started so we can lock your loan before it gets worse!

**Conforming Rates**

**Thirty Year Fixed Rate Loans**

**5.5%** 30 Year fixed rate loan, with one total point (discount plus origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2271, APR 5.633! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.75 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

5/1 ARMs have now fallen to levels below 30 year fixed by nearly a full percent!

**4.625%** 5/1 ARM, with one total point (discount plus origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2057, APR 4.751! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 ARM rates as low as 3.875 percent (But you'd have to be crazy to pay that many points!)

**Jumbo Conforming Rates** (aka Super Conforming)

(**NOW $417,001 to $697,500 in San Diego)**)

**5.75%** 30 Year fixed rate loan, with one point (total discount and origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $500,000 loan, Payment $2918, APR 5.884! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 5.00 percent (But you'd have to be crazy to pay that many points!)

**VA Rates**

**5.75%** 30 Year fixed rate loan, with one total point (discount plus origination) from the lender to the consumer and NO PREPAYMENT PENALTIES (Standard Veterans Administration government generated charges to borrowers apply)!. Assuming a $400,000 loan, Payment $2334, APR 5.885! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate VA loans as low as 5.00 percent (But you'd have to be crazy to pay that many points!)

**NONCONFORMING ("JUMBO") RATES**

(**NOW $697,501 and above in San Diego**)

These numbers assume a 70% loan to value ratio, not 80.

**Thirty Year Fixed Rate Loans**

**6.25%** "Jumbo" 30 Year fixed rate loan, with ONE point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $4310, APR 6.380! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! Jumbo 30 year fixed rate loans as low as 5.375 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

*JUMBO 5/1s are a full percent lower than 30 year fixed for the same cost*

**5.25%** "Jumbo" 5/1 ARM, with one point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $3865, APR 5.372! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 Jumbo ARMs as low as 4.375 percent (But you'd have to be crazy to pay that many points!) On the hypothetical $700,000 loan, a 5/1 saves over $580 per month in cost of interest over a thirty year fixed!

10 year interest only payments available on 30 year fixed rate loans!

Zero closing costs and zero points loans also available!

Yes, I still have low to zero down payment purchase and some stated income programs available!

These are actual retail rates at actual costs available to real people with average credit scores! I always guarantee the loan type, rate, and total cost as soon as I have enough information from you to lock the loan (subject to underwriting approval of the loan). I pay any difference, not you. If your loan provider doesn't do this, you need a new loan provider!

Interest only, stated income, bad credit and other options also available. If you need a mortgage, chances are I can do it faster and on better terms than you'll actually get from anyone else in the business.

Designing transactions for low to zero down payment a specialty

**Ask about the 105% refinance with no PMI**

**The Best Loans Right NOW**

(based upon "average credit", not absolutely perfect credit. People who do have better credit get even better rates)

Rates appear to have mostly fallen off a bit from last week in conventional conforming land, but they are showing no signs of returning to levels of the week before. Market and inflationary forces are exerting more upwards pressure on rates than formerly.

(I do apologize for not writing any new articles - it's been one of **those** weeks where I've been going from 6 AM to 9PM or later every night.)

**Conforming Rates**

**Thirty Year Fixed Rate Loans**

**5.00%** 30 Year fixed rate loan, with one total point (discount plus origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2147, APR 5.129! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.25 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

5/1 ARMs have now fallen to levels below 30 year fixed by about a full percent!

**4.125%** 5/1 ARM, with one total point (discount plus origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $1939, APR 4.247! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 ARM rates as low as 4.00 percent (But you'd have to be crazy to pay that many points!)

**Jumbo Conforming Rates** (aka Super Conforming)

(**NOW $417,001 to $697,500 in San Diego)**)

**5.25%** 30 Year fixed rate loan, with one point (total discount and origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $500,000 loan, Payment $2761, APR 5.380! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.375 percent (But you'd have to be crazy to pay that many points!)

**VA Rates**

**5.25%** 30 Year fixed rate loan, with one total point (discount plus origination) from the lender to the consumer and NO PREPAYMENT PENALTIES (Standard Veterans Administration government generated charges to borrowers apply)!. Assuming a $400,000 loan, Payment $2209, APR 5.381! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate VA loans as low as 4.5 percent (But you'd have to be crazy to pay that many points!)

**NONCONFORMING ("JUMBO") RATES**

(**NOW $697,501 and above in San Diego**)

These numbers assume a 70% loan to value ratio, not 80.

**Thirty Year Fixed Rate Loans**

**6.125%** "Jumbo" 30 Year fixed rate loan, with ONE point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $4253, APR 6.254! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! Jumbo 30 year fixed rate loans as low as 5.00 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

*JUMBO 5/1s are a full percent lower than 30 year fixed*

**5.00%** "Jumbo" 5/1 ARM, with one point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $3758, APR 5.120! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 Jumbo ARMs as low as 3.75 percent (But you'd have to be crazy to pay that many points!) On the hypothetical $700,000 loan, a 5/1 saves over $650 per month in cost of interest over a thirty year fixed!

10 year interest only payments available on 30 year fixed rate loans!

Zero closing costs and zero points loans also available!

Yes, I still have low to zero down payment purchase and some stated income programs available!

These are actual retail rates at actual costs available to real people with average credit scores! I always guarantee the loan type, rate, and total cost as soon as I have enough information from you to lock the loan (subject to underwriting approval of the loan). I pay any difference, not you. If your loan provider doesn't do this, you need a new loan provider!

Interest only, stated income, bad credit and other options also available. If you need a mortgage, chances are I can do it faster and on better terms than you'll actually get from anyone else in the business.

Designing transactions for low to zero down payment a specialty

**Ask about the 105% refinance with no PMI**

**The Best Loans Right NOW**

(based upon "average credit", not absolutely perfect credit. People who do have better credit get even better rates)

I do fear that rates have risen due to inflation fears and government spending. If you've been waiting to refinance for rates to hit bottom, treasury auctions aren't being very successful. I suggest you stop putting it off. In the last few days, I've gone from 4.75 without any points to 5.125 with a point on conforming 30 year fixed rate loans.

**Conforming Rates**

**Thirty Year Fixed Rate Loans**

**5.125%** 30 Year fixed rate loan, with one total point (discount plus origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2178, APR 5.255! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.25 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

5/1 ARMs have now fallen to levels below 30 year fixed by about a full percent!

**4.00%** 5/1 ARM, with one total point (discount plus origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $1910, APR 4.121! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 ARM rates as low as 3.5 percent (But you'd have to be crazy to pay that many points!)

**Jumbo Conforming Rates** (aka Super Conforming)

(**NOW $417,001 to $697,500 in San Diego)**)

**5.25%** 30 Year fixed rate loan, with one point (total discount and origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $500,000 loan, Payment $2761, APR 5.380! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 4.25 percent (But you'd have to be crazy to pay that many points!)

**VA Rates**

**5.375%** 30 Year fixed rate loan, with one total point (discount plus origination) from the lender to the consumer and NO PREPAYMENT PENALTIES (Standard Veterans Administration government generated charges to borrowers apply)!. Assuming a $400,000 loan, Payment $2240, APR 5.507! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate VA loans as low as 4.5 percent (But you'd have to be crazy to pay that many points!)

**NONCONFORMING ("JUMBO") RATES**

(**NOW $697,501 and above in San Diego**)

These numbers assume a 70% loan to value ratio, not 80.

**Thirty Year Fixed Rate Loans**

**6.05%** "Jumbo" 30 Year fixed rate loan, with ONE point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $4219, APR 6.178! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! Jumbo 30 year fixed rate loans as low as 5.375 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

*JUMBO 5/1s are a full percent lower than 30 year fixed*

**4.70%** "Jumbo" 5/1 ARM, with one point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $3630, APR 4.818! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 Jumbo ARMs as low as 3.75 percent (But you'd have to be crazy to pay that many points!) On the hypothetical $700,000 loan, a 5/1 saves over $780 per month in cost of interest over a thirty year fixed!

10 year interest only payments available on 30 year fixed rate loans!

Zero closing costs and zero points loans also available!

Yes, I still have low to zero down payment purchase and some stated income programs available!

Designing transactions for low to zero down payment a specialty

**Ask about the 105% refinance with no PMI**

**The Best Loans Right NOW**

(based upon "average credit", not absolutely perfect credit. People who do have better credit get even better rates)

**Conforming Rates**

**Thirty Year Fixed Rate Loans**

**4.75%** 30 Year fixed rate loan, with NO points (discount or origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $2087, APR 4.789! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 3.75 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

5/1 ARMs have now fallen to levels below 30 year fixed by about half a percent!

**4.125%** 5/1 ARM, with NO POINTS (discount or origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $400,000 loan, Payment $1939, APR 4.163! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 ARM rates as low as 2.625 percent (But you'd have to be crazy to pay that many points!)

**Jumbo Conforming Rates** (aka Super Conforming)

(**NOW $417,001 to $697,500 in San Diego)**)

**4.625%** 30 Year fixed rate loan, with one point (total discount and origination) to the consumer and NO PREPAYMENT PENALTIES!. Assuming a $500,000 loan, Payment $2571, APR 4.750! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate loans as low as 3.875 percent (But you'd have to be crazy to pay that many points!)

**VA Rates**

**5.00%** 30 Year fixed rate loan, with NO points (total discount and origination) from the lender to the consumer and NO PREPAYMENT PENALTIES (Standard Veterans Administration government generated charges to borrowers apply)!. Assuming a $400,000 loan, Payment $2147, APR 5.040! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! 30 year fixed rate VA loans as low as 4.25 percent (But you'd have to be crazy to pay that many points!)

**NONCONFORMING ("JUMBO") RATES**

(**NOW $697,501 and above in San Diego**)

These numbers assume a 70% loan to value ratio, not 80.

**Thirty Year Fixed Rate Loans**

**5.625%** "Jumbo" 30 Year fixed rate loan, with ONE point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $4030, APR 5.750! This is a thirty year fixed rate loan. The payment and interest rate will stay the same on this loan until it is paid off! Jumbo 30 year fixed rate loans as low as 4.625 percent (But you'd have to be crazy to pay that many points!)

**5/1 Hybrid ARM Rates**

*JUMBO 5/1s are a full percent lower than 30 year fixed*

**4.75%** "Jumbo" 5/1 ARM, with one point total discount and origination, and NO PREPAYMENT PENALTIES!. Assuming a $700,000 loan, Payment $3599, APR 4.743! This is a fully amortized thirty year loan with the interest rate fixed for five years. 5/1 Jumbo ARMs as low as 3.5 percent (But you'd have to be crazy to pay that many points!) On the hypothetical $700,000 loan, a 5/1 saves over $650 per month in cost of interest over a thirty year fixed!

10 year interest only payments available on 30 year fixed rate loans!

Zero closing costs and zero points loans also available!

Yes, I still have low to zero down payment purchase and some stated income programs available!

Designing transactions for low to zero down payment a specialty

**Ask about the 105% refinance with no PMI**

**What I Do**

**There are no better agents in San Diego County!**

**There are no better loan officers in California!**

**Ask for your free consultation today!**

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**Let Me Help!**

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**Ask Me What I Can Do!**

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