Wholesale Conforming Mortgage Rates and Pricing 9/15/2008

September 15th, 2008 Categories: Mortgage News, ratespeed, wholesale mortgage rates

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…

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This entry was posted on Monday, September 15th, 2008 at 3:23 pm and is filed under Mortgage News, ratespeed, wholesale mortgage rates. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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jacksen 1 month ago 1 point
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The most common home mortgage is done through a bank or lender. The way it works is you, the buyer, and the seller agree on an amount of money that will go towards the final purchase of the home, this ensures that no one else can come in and make an offer on the house, this amount of money is called a down payment and is subtracted from the total cost of the home.
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jacksen

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