Jumbo Conforming Rates Expected to Decrease Further...

This just reported by C.A.R.

 

Rates on bigger mortgages finally should come down

Fannie Mae and Freddie Mac recently issued loan underwriting criteria and will start buying loans of up to $729,750 from lenders on May 4, which some industry analysts believe will result in lower rates.

 

This week, Wells Fargo started offering conforming loans of up to $729,750, and Bank of America will begin offering them by mid-May

 

Historically, rates on loans higher than $417,000 – often referred to as jumbo conforming loans -- are one-fourth to one-third of a percentage point higher than rates on $417,000 or lower loans..  By Fannie Mae and Freddie Mac agreeing to guarantee loans of up to $729,750, rates on jumbo conforming loans likely will be comparable to the rates offered on loans of $417,000 and lower.

To read the full story, please click here

 

 

 

Sunil

 

Home | Buyer Services | Seller Services | Investor Services | SMA Financing | Contact Me Sunil Sethi Team,  Realtor, Mortgage Broker, Owner, MBA, CPA Helping Families find Homes Associated with Great Schools. We can help you Buy, Sell and Finance your next Home. Main (510) 793-8600     Fax (510) 431-9046 Property Search | Featured Listing | Home Value | School Score | Neighborhoods | Property Tax | Blog | Newsletter | Calculator | Resources

 

New Jumbo Conforming loan limits

You’ll find the Jumbo conforming limits for each County in California Below

	Jumbo Conforming Loan Limits CALIFORNIA ALAMEDA, CA OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION  $       729,750 CALIFORNIA ALPINE, CA NON-METRO  $       547,500 CALIFORNIA AMADOR, CA NON-METRO  $       443,750 CALIFORNIA BUTTE, CA CHICO, CA (MSA)  $       417,000 CALIFORNIA CALAVERAS, CA NON-METRO  $       462,500 CALIFORNIA COLUSA, CA NON-METRO  $       417,000 CALIFORNIA CONTRA COSTA, CA OAKLAND-FREMONT-HAYWARD, CA METROPOLITAN DIVISION  $       729,750 CALIFORNIA DEL NORTE, CA CRESCENT CITY, CA (MICRO)  $       417,000 CALIFORNIA EL DORADO, CA SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)  $       580,000 CALIFORNIA FRESNO, CA FRESNO, CA (MSA)  $       417,000 CALIFORNIA GLENN, CA NON-METRO  $       417,000 CALIFORNIA HUMBOLDT, CA EUREKA-ARCATA-FORTUNA, CA (MICRO)  $       417,000 CALIFORNIA IMPERIAL, CA EL CENTRO, CA (MSA)  $       417,000 CALIFORNIA INYO, CA BISHOP, CA (MICRO)  $       437,500 CALIFORNIA KERN, CA BAKERSFIELD, CA (MSA)  $       417,000 CALIFORNIA KINGS, CA HANFORD-CORCORAN, CA (MSA)  $       417,000 CALIFORNIA LAKE, CA CLEARLAKE, CA (MICRO)  $       417,000 CALIFORNIA LASSEN, CA SUSANVILLE, CA (MICRO)  $       417,000 CALIFORNIA LOS ANGELES, CA LOS ANGELES-LONG BEACH-GLENDALE, CA METROPOLITAN D  $       729,750 CALIFORNIA MADERA, CA MADERA, CA (MSA)  $       425,000 CALIFORNIA MARIN, CA SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLI  $       729,750 CALIFORNIA MARIPOSA, CA NON-METRO  $       417,000 CALIFORNIA MENDOCINO, CA UKIAH, CA (MICRO)  $       512,500 CALIFORNIA MERCED, CA MERCED, CA (MSA)  $       472,500 CALIFORNIA MODOC, CA NON-METRO  $       417,000 CALIFORNIA MONO, CA NON-METRO  $       462,500 CALIFORNIA MONTEREY, CA SALINAS, CA (MSA)  $       729,750 CALIFORNIA NAPA, CA NAPA, CA (MSA)  $       729,750 CALIFORNIA NEVADA, CA TRUCKEE-GRASS VALLEY, CA (MICRO)  $       562,500 CALIFORNIA ORANGE, CA SANTA ANA-ANAHEIM-IRVINE, CA METROPOLITAN DIVISION  $       729,750 CALIFORNIA PLACER, CA SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)  $       580,000 CALIFORNIA PLUMAS, CA NON-METRO  $       417,000 CALIFORNIA RIVERSIDE, CA RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (MSA)  $       500,000 CALIFORNIA SACRAMENTO, CA SACRAMENTO--ARDEN-ARCADE--ROSEVILLE, CA (MSA)  $       580,000 CALIFORNIA SAN BENITO, CA SAN JOSE-SUNNYVALE-SANTA CLARA, CA (MSA)  $       729,750 CALIFORNIA SAN BERNARDINO, CA RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (MSA)  $       500,000 CALIFORNIA SAN DIEGO, CA SAN DIEGO-CARLSBAD-SAN MARCOS, CA (MSA)  $       697,500 CALIFORNIA SAN FRANCISCO, CA SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLI  $       729,750 CALIFORNIA SAN JOAQUIN, CA STOCKTON, CA (MSA)  $       488,750 CALIFORNIA SAN LUIS OBISPO, CA SAN LUIS OBISPO-PASO ROBLES, CA (MSA)  $       687,500 CALIFORNIA SAN MATEO, CA SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA METROPOLI  $       729,750 CALIFORNIA SANTA BARBARA, CA SANTA BARBARA-SANTA MARIA, CA (MSA)  $       729,750 CALIFORNIA SANTA CLARA, CA SAN JOSE-SUNNYVALE-SANTA CLARA, CA (MSA)  $       729,750 CALIFORNIA SANTA CRUZ, CA SANTA CRUZ-WATSONVILLE, CA (MSA)  $       729,750 CALIFORNIA SHASTA, CA REDDING, CA (MSA)  $       423,750 CALIFORNIA SIERRA, CA NON-METRO  $       417,000 CALIFORNIA SISKIYOU, CA NON-METRO  $       417,000 CALIFORNIA SOLANO, CA VALLEJO-FAIRFIELD, CA (MSA)  $       557,500 CALIFORNIA SONOMA, CA SANTA ROSA-PETALUMA, CA (MSA)  $       662,500 CALIFORNIA STANISLAUS, CA MODESTO, CA (MSA)  $       423,750 CALIFORNIA SUTTER, CA YUBA CITY, CA (MSA)  $       425,000 CALIFORNIA TEHAMA, CA RED BLUFF, CA (MICRO)  $       417,000 CALIFORNIA TRINITY, CA NON-METRO  $       417,000 CALIFORNIA TULARE, CA VISALIA-PORTERVILLE, CA (MSA)

 

Today's Rate

The Following are Refinance Rates::

Conforming 30 Year Fixed 5.375% Rate 5.375% APR No Points. No Closing Cost. Refinance rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $400000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conforming 15 Year Fixed 4.875% Rate 4.875% APR No Points. No Closing Costs. Refinance Rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $400000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conforming 5 Year ARM 4.625% Rate 4.626% APR No Points. No Closing Costs. Refinance Rate Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $400000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conf Jumbo 30 Year Fixed 6.125% Rate 6.128% APR No Points. No Closing Costs. Refinance rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $500000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conf Jumbo 15 Year Fixed 5.500% Rate 5.500% APR No Points. No Closing Costs. Refinance Rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $500000 Loan Amount, 30 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR

The above programs assume you are financing a single family detached home. Additional discounts may be available for low LTVs, high FICOs and imploying impound accounts to pay for property taxes and insurance. Rates are subject to change without notice.

Sincerely, Sunil Sethi Broker, Realtor, MBA, CPA (510) 793-8600 ext. 107 (510) 388-2436

Click Here to be removed from this list

Today's Rate

The Following are Refinance Rates::

Conforming 30 Year Fixed 5.250% Rate 5.250% APR No Points. No Closing Cost. Refinance rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $400000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conforming 15 Year Fixed 4.875% Rate 4.875% APR No Points. No Closing Costs. Refinance Rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $400000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conforming 5 Year ARM 4.250% Rate 4.252% APR No Points. No Closing Costs. Refinance Rate Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $400000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conf Jumbo 30 Year Fixed 6.125% Rate 6.128% APR No Points. No Closing Costs. Refinance rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $500000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conf Jumbo 15 Year Fixed 5.500% Rate 5.500% APR No Points. No Closing Costs. Refinance Rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $500000 Loan Amount, 30 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR

The above programs assume you are financing a single family detached home. Additional discounts may be available for low LTVs, high FICOs and imploying impound accounts to pay for property taxes and insurance. Rates are subject to change without notice.

Sincerely, Sunil Sethi Broker, Realtor, MBA, CPA (510) 793-8600 ext. 107 (510) 388-2436

Click Here to be removed from this list

Today's Rate

The Following are Refinance Rates::

Conforming 30 Year Fixed 5.125% Rate 5.125% APR No Points. No Closing Cost. Refinance rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $400000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conforming 15 Year Fixed 4.750% Rate 4.750% APR No Points. No Closing Costs. Refinance Rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $400000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conf Jumbo 30 Year Fixed 5.625% Rate 5.625% APR No Points. No Closing Costs. Refinance rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $500000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conf Jumbo 15 Year Fixed 5.000% Rate 5.000% APR No Points. No Closing Costs. Refinance Rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $500000 Loan Amount, 30 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR

The above programs assume you are financing a single family detached home. Additional discounts may be available for low LTVs, high FICOs and imploying impound accounts to pay for property taxes and insurance. Rates are subject to change without notice.

Sincerely, Sunil Sethi Broker, Realtor, MBA, CPA (510) 793-8600 ext. 107 (510) 388-2436

Click Here to be removed from this list

Today's Rate

The Following are Refinance Rates::

Conforming 30 Year Fixed 5.375% Rate 5.375% APR No Points. No Closing Cost. Refinance rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $400000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conforming 15 Year Fixed 4.875% Rate 4.875% APR No Points. No Closing Costs. Refinance Rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $400000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conf Jumbo 30 Year Fixed 5.750% Rate 5.750% APR No Points. No Closing Costs. Refinance rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $500000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conf Jumbo 15 Year Fixed 5.125% Rate 5.125% APR No Points. No Closing Costs. Refinance Rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $500000 Loan Amount, 30 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR

The above programs assume you are financing a single family detached home. Additional discounts may be available for low LTVs, high FICOs and imploying impound accounts to pay for property taxes and insurance. Rates are subject to change without notice.

Sincerely, Sunil Sethi Broker, Realtor, MBA, CPA (510) 793-8600 ext. 107 (510) 388-2436

Click Here to be removed from this list

Test

Sent via BlackBerry by AT&T

Today's Rate

The Following are Refinance Rates::

Conforming 30 Year Fixed 5.375% Rate 5.375% APR No Points. No Closing Cost. Refinance rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $400000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conforming 15 Year Fixed 4.875% Rate 4.875% APR No Points. No Closing Costs. Refinance Rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $400000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conf Jumbo 30 Year Fixed 5.750% Rate 5.750% APR No Points. No Closing Costs. Refinance rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $500000 Loan Amount, 21 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR   Conf Jumbo 15 Year Fixed 5.125% Rate 5.125% APR No Points. No Closing Costs. Refinance Rate. Pricing based on 720 credit score, 40% Debt to Income Ratio, 80% Loan to Value Ratio, $500000 Loan Amount, 30 Lock Days, Qualified Borrowers Only. When Mortgage Insurance is applicable, it is not calculated in the APR

The above programs assume you are financing a single family detached home. Additional discounts may be available for low LTVs, high FICOs and imploying impound accounts to pay for property taxes and insurance. Rates are subject to change without notice.

Sincerely, Sunil Sethi Broker, Realtor, MBA, CPA (510) 793-8600 ext. 107 (510) 388-2436

Click Here to be removed from this list