Rate Watch - 3/20/2008
CMA Update for 03/10/2008
Robin’s Cell: (303) 378-5973
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(1) Today, on a 30yr. fixed FHA loan…rates are at 5.5% with .5% discount points, and 6.0% with NO points.
(2) FEES on FHA loans are 300.00 for underwriting and a 500.00 application fee.
(3) IF your client is interested in a 3 or 5 year ARM, those FHA programs offer rates in the 5.125-5.375% range with and without points.
(4) NO origination fees on FHA loans with pricing above.
(5) MAX loan amount is $406,250: that makes the MAX purchase price $417,000.
(6) FHA loans do NOT take any longer to process than standard loans.
