David Zopf's Mortgage Blog

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Mortgage and Lending - Guaranteed Rate NMLS# 2611 - 146806
This is a weekly email I send to my local real estate friends that I re-purpose for this blog.
RECENT BLOG POSTS
30 Yr Fixed Conforming – 6.375% 15 Yr Fixed Conforming – 6.125% 30 Yr Fixed Jumbo 7.625% 5/1 LIBOR ARM – 6.75% (w/ 1pt) 7/1 LIBOR ARM – 6.5% (w/ 1 pt) 30 Yr FHA – 6% Prime 5% 6 Month Libor – 3.12% Last week 6 Month Libor – 3.25% This week   Some weeks surprise me with how little there is to talk ...
09/22/2008
30 Yr Fixed Conforming – 6% 15 Yr Fixed Conforming – 5.625% 30 Yr Fixed Jumbo 6.375% 5/1 LIBOR ARM – 6.375% (w/ 1pt) 7/1 LIBOR ARM – 5.875% (w/ 1 pt) 30 Yr FHA – 6% Prime 5% 6 Month Libor – 3.12% Last week 6 Month Libor – 3.11% This week   Fannie and Freddie’s takeover by the government has calme...
09/22/2008
30 Yr Fixed Conforming – 6.375% 15 Yr Fixed Conforming – 5.875% 30 Yr Fixed Jumbo 6.5% 5/1 LIBOR ARM – 6% (w/ 1pt) 7/1 LIBOR ARM – 6.25% (w/ 1 pt) 30 Yr FHA – 6.375% Decent week for rates as they all dropped between .125% and .25%. As much as the media belly-aches about our economy, it is actuall...
09/22/2008
30 Yr Fixed Conforming – 6.5% 15 Yr Fixed Conforming – 6.125% 30 Yr Fixed Jumbo 6.875% 5/1 LIBOR ARM – 6 % (w/ 1pt) 7/1 LIBOR ARM – 6.375% (w/ 1 pt) 30 Yr FHA – 6.375% A good week does not equate to an overheated economy BUT……. if you have missed some of the headlines, they are quite good. As you...
09/22/2008
30 Yr Fixed Conforming – 6.625% 15 Yr Fixed Conforming – 6.125% 30 Yr Fixed Jumbo 8.0% 5/1 LIBOR ARM – 5.875% (w/ 1pt) 7/1 LIBOR ARM – 6.25% (w/ 1 pt) 30 Yr Flex 97 – 6.75% 30 Yr FHA – 6.625%   Rates have been stable for about a month now which has been quite nice. Jumbo 30 years are getting hard...
09/22/2008
30 Yr Fixed Conforming – 6.625% 15 Yr Fixed Conforming – 6.375% 30 Yr Flex 97 – 7.125% 30 Yr FHA – 6.625% 30 Yr Fixed Jumbo 6.5% (w 1pt) 5/1 LIBOR ARM – 5.875% (w/ 1pt) 7/1 LIBOR ARM – 6.125% (w/ 1 pt)   A slight tick up in rates this week as the bond market was beat down a little. I have mention...
08/14/2008
30 Yr Fixed Conforming – 6.5% 15 Yr Fixed Conforming – 6.375% 30 Yr Fixed Jumbo 7% 5/1 LIBOR ARM – 6% (w/ 1pt) 7/1 LIBOR ARM – 6.375% (w/ 1 pt) 30 Yr Flex 97 – 6.875% 30 Yr FHA – 6.75% Prime 5% 6 Month Libor – 3.17% Last week 6 Month Libor – 3.13% This week Pretty slow week on news that directly ...
08/12/2008
Regarding rates, it is an unusual week as they are unchanged from last week. 30 Yr Fixed Conforming – 6.625% 15 Yr Fixed Conforming – 6.25% 30 Yr Fixed Jumbo 6.75% 5/1 LIBOR ARM – 6% (w/ 1pt) 7/1 LIBOR ARM – 6.25% (w/ 1 pt) 30 Yr Flex 97 – 6.75% 30 Yr FHA – 6.5% You may remember my rant a few wee...
07/31/2008
Last week’s boost for the Dow took rates up a little bit. Still, everything is in the 6’s to rates can’t be much to blame for our fence riding buyers. I have visited quite a few open houses lately and the news is good. There are many lookers who want to buy but just need to sell their current hom...
07/24/2008
Rates were on a little bit of a roller coaster this week; they dropped and then came back to about where they were last week. Jumbo’s came back in line. They are a strange bunch as they swing from the 6’s to the 8’s and it is tough to know when it will happen. SunTrust, Chase, Countrywide and Wel...
07/18/2008
Rainer
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David Zopf

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