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Rob Spinosa's Blog

By Rob Spinosa | Mortgage Broker
or Lender in Mill Valley, CA

California Mortgage Rate Update: 12/14/11

California Mortgage Apply Online
Below are today's interest rates for RPM's loan programs. For specific pricing on your scenario, and to get pre-approved without cost or obligation for any of these loan products below, simply call 877-270-5959, send an e-mail to rspinosa@rpm-mtg.com or APPLY ONLINE.

Access The Mortgage Dictionary on YouTube to view short videos that define and explain the most important terms and concepts in home financing.

All pricing below is at 0 points unless otherwise noted:

Conforming Loans (up to $417,000)
30-Year Fixed
Rate: 3.750%
APR: 3.774%

15-Year Fixed
Rate: 3.250%
APR: 3.284%

7/1 ARM
Rate: 3.000%
APR: 3.270%

5/1 ARM
Rate: 2.750%
APR: 2.988%

FHA 30-Year Fixed (96.5% Financing)
FHA 30-Year Fixed
Rate: 3.750%
APR: 4.474%

Agency Jumbo Loans (max amounts per County limits)

30-Year Fixed
Rate: 4.250%
APR: 4.274%

15-Year Fixed
Rate: 3.375%
APR: 3.409%

5/1 ARM
Rate: 3.375%
APR: 3.539%

Traditional Jumbo Loans (Everything above $625,500)

30-Year Fixed
Rate: 4.750%
APR: 4.774%

15-Year Fixed
Rate: 4.125%
APR: 4.159%

10/1 ARM (I/O avail.)
Rate: 4.125%
APR: 4.389%

5/1 ARM (I/O avail.)
Rate: 3.375%
APR: 3.652%

Assumptions

*40 day rate lock.
*Debt ratio less than 45%.
*Fully documented income.
*FICO score of 760 or greater.
*Loan-to-value of 70% or less.
*Primary home, PURCHASE TRANSACTION.
*Other programs available upon request, just ask!

Robert J. Spinosa
Home Finance Professional
CA: 01297944 NMLS: 22343
591 Redwood Highway Ste.1150
Mill Valley, CA 94941
877.270.5959 | direct
415.367.5959 | cell
415.366.1590 | fax
rspinosa@rpm-mtg.com

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