CMA Update for 06/18/2008
Robin’s Cell: (303) 378-5973
Kristie Fulte: (720) 924-0917
Website

(1) RATE WATCH:
Conventional 30 year fixed rates are at 6.375% today with a 1% discount point and 6.625% with NO discount point. FHA rates are at 6.5% with 1% discount and 6.75% with NO discount point.  We NEVER charge additional origination points, and our other fees at closing are $800.00 total.  Wells Fargo Banking clients receive a $150.00 discount on closing costs.

(2) PRODUCT UPDATE:
FHA ARM’S! A great way to give a borrower a fixed rate for 5 years at 5.25%!! Unlike other ARM’s, FHA ARM’s have a max adjustment of 1% per year after the initial fixed term.

(3) MARKET UPDATE:
Weekly economic updates from Wells Fargo are available via email and in print form.  A great overview the entire market! If you wish to receive this, please let me know.