CMA Update for 04/08/2008
Robin’s Cell: (303) 378-5973
Kristie Fulte: (720) 924-0917
Website

(1) RATE WATCH:
Conventional 30 year fixed rates are at 5.875% today with a 1% discount point and 6.125% with NO discount point. FHA rates are at 6.0% with 1% discount and 6.25% 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 $300.00 discount on closing costs. NOW IS THE TIME TO LOCK IN!

(2) PRODUCT UPDATE:
Did you know….that Wells Fargo is the #1 VA lender in the US?  A VA loan is one of the few remaining ways to finance 100%, with great rates (below 6.0% today), and loan amounts up to 600,000!!!!! There are LOTS of VA-eligible clients out there….

(3) PRODUCT UPDATE VERSION 2.0
Blended Jumbo: a great way to finance more than 417,000 and get a low payment and great interest rates!

CMA Update for 04/08/2008
Robin’s Cell: (303) 378-5973
Kristie Fulte: (720) 924-0917
Website

(1) RATE WATCH:
Conventional 30 year fixed rates are at 6.0% today with a 1% discount point and 6.25% with NO discount point. FHA rates are at 6.0% with 1% discount and 6.25% 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 $300.00 discount on closing costs.

(2)  Green Mortgages?
Are you interested in marketing information for GREEN mortgages?  There are many ways to give your clients incentives and dollars to help with green upgrades and energy efficient additions.

(3) MARKET UPDATE:
The FED will speak this week to discuss the economy, inflation and recessionary concerns. There are also many pivotal earnings reports coming out, so watch carefully for rate changes!

CMA Update for 04/08/2008
Robin’s Cell: (303) 378-5973
Kristie Fulte: (720) 924-0917
Website

(1) RATE WATCH:
Conventional 30 year fixed rates are at 5.875% today with a 1% discount point and 6.125% with NO discount point. FHA rates are at 5.75% with 1% discount and 6.0% 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 $300.00 discount on closing costs.

(2) MARKET WATCH;
This week there are many pivotal earnings reports coming out on Wall St.  We think the first TRUE view of how deep the recession is will be available. Watch the market closely as rates may move one way or the other up to .25%.

(3) PROGRAM WATCH:
Are you interested in FHA training? How contracts are impacted, what additional things have to occur in FHA financing and why?  We are offering an FHA/Agent class free to charge, let me know if you are interested!

CMA Update for 04/08/2008
Robin’s Cell: (303) 378-5973
Kristie Fulte: (720) 924-0917
Website

(1) RATE WATCH:
Conventional 30 year fixed rates are at 5.75% today with a 1% discount point and 6.0% with NO discount point. FHA rates are at 5.5% with 1% discount and 6.0% 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 $300.00 discount on closing costs.

(2)  CineMeeting AND Appraisal Meeting!
Mark Your Calendars for APRIL 17th!!  The CineMeeting Event is coming to Denver.  Brian Buffini, Cara Heyden with WFHM, David Bach..and others.  It’s an event you won’t want to miss!!
ALSO: ON APRIL 15th, CMA will provide two of the top appraisal resources in the Wells Fargo organization for a “brunch and learn”.  They will talk about the state of the market, appraisals and what to expect as conventional and FHA loans continue to change.

(3) WaMu out of the mortgage business?
The “hubbub” is that WaMu will stop originating mortgages as of April 30th, 2008.  We don’t know what this means at this point, but stay tuned to the news!

CMA Update for 04/01/2008
Robin’s Cell: (303) 378-5973
Kristie Fulte: (720) 924-0917

(1) RATE WATCH:
Conventional 30 year fixed rates are at 5.625% today with a 1% discount point and 5.875% with NO discount point. FHA rates are at 5.5% with 1% discount and 6.0% 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 $300.00 discount on closing costs.

(2) Loans and Credit adjusters?
Fannie Mae and Freddie Mac have determined that ALL loans will be priced based on risk and credit scores. Starting today, borrowers with credit scores below 680 will now be subject to adjusters based on credit scores and loan to value.
 

CMA Update for 03/10/2008
Robin’s Cell: (303) 378-5973
Kristie Fulte: (720) 924-0917
Website

(1) RATE WATCH:
Conventional 30 year fixed rates are at 5.875% today with a 1% discount point and 6.125% with NO discount point. FHA rates are at 5.5% with 1% discount and 6.0% 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 $300.00 discount on closing costs.

(2) Housing Market…positive?
On the news this morning…the median home price was up slightly which could impact the market positively.  That could help skiddish investors reconsider bonds..which could lower interest rates.  Crude oil is down and the dollar shows signs of strengthening. 

(3)  CineMeeting!!!
Mark Your Calendars for APRIL 17th!!  The CineMeeting Event is coming to Denver.  Brian Buffini, Cara Heyden with WFHM, David Bach..and others.  It’s an event you won’t want to miss!!

CMA Update for 03/10/2008
Robin’s Cell: (303) 378-5973
Website

(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.

CMA Update for 03/10/2008
Robin’s Cell: (303) 378-5973
Website

(1) Rate Watch:
Conventional 30 year fixed rates are at 6.125% today with a 1% discount point and 6.375% 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 $300.00 discount on closing costs.

(2) Market Liquidity:
the demand for mortgage money currently outweighs the supply on the secondary market. That’s why mortgage rates seem “high” relative to the markets.  The government is currently working on a bond “Bail-Out” program to help fund the mortgage market, and we HOPE that will have a positive effect on rates. STAY TUNED THIS WEEK!

(3) Product Alert!
FHA loan limits in Jefferson, Park and Clear Creek County just increased to $406,250!  (along with other counties in the Denver metro area).  This will help buyers with little or no money down, first time homebuyers, and those with some past credit issues.  FHA rates today on a 30 year fixed rate are 6.0% with a 1% discount fee, and 6.5% with NO discount point. Same fees apply as conventional mortgages!