Dan Keyes mortgage update end of July

Lots of exciting news, IndyMac got taken over by the FDIC, and Fannie & Freddie are in deep trouble. No surprise...the gov't is trying all it can to prop up both companies; with $5 trillion in mortgages, hold on tight, one day you might be sending your mortgage payment to the gov't. June CPI (up 1.1%) and PPI (up 1.8%) both showing inflation, rates are much worse and will get worse. It is getting harder and harder to get 'stated income' loans so...
CALL ME IF YOU KNOW OF ANYONE WHO NEEDS TO REFINANCE 619-665-3988

Rates are worse from last week. I expect them up more today

Conforming Rates Points APR
30 yr fixed mortgage 6.625% 0.25 6.89%
15 yr fixed mortgage 6.250% 0 6.50%
30 yr Conf Jumbo 6.625% 0.75 6.99%
5 yr ARM mortgage 5.875% 0 6.11%
7 yr ARM mortgage 6.000% 0 6.20%
10 yr ARM mortgage 6.500% 0 6.80%
Jumbo
30 yr fixed mortgage 7.875% 1 8.29%
15 yr fixed mortgage 6.875% 0.875 7.39%
5 yr ARM mortgage 6.250% 0 6.50%
7 yr ARM mortgage 6.500% 0 6.80%
10 yr ARM mortgage 6.750% 0 6.99%
Interest Only 5/1 ARM 6.250% 0 6.50%



RATES SUBJECT TO CHANGE WITHOUT NOTICE.