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

(1) RATE WATCH: RATES ARE STEADY
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 DOWN at 6.25% with 1% discount and 6.625% 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:
DAP programs are going away: If you have buyers looking for downpayment assistance via Neimiah, the Genesis Fund, etc…those “seller funded” downpayment assistance programs will be discontinued on October 1st, 2008. If you have a buyer who needs this program, they will have to move forward quickly!