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Fed's Kashkari says soft inflation readings are 'concerning

May 23, 2017 0 Comments Bloggies by 888LIFE980

Minneapolis Fed President Neel Kashkari on Tuesday sounded in no hurry to raise short-term interest rates. Kashkari, who was the lone dovish dissenter against a March rate hike, told reporters recent soft inflation readings were "concerning" and said there still might be room to lower the unemployment rate without sparking price pressures

U.S. economy shows slightly faster pulse in May

May 23, 2017 0 Comments Bloggies by 888LIFE980

A pair of surveys of American businesses in May shows the U.S. economy is still growing steadily, though manufacturers that provide many blue-collar jobs have cooled off in the past few months. IHS Markit said its manufacturing PMI slipped to 52.5 this month from 52.8, marking an eight-month low. Manufacturers saw a surge that began late last year and continued through early 2017 before easing up lately. Lately firms have slowed production to avoid an excess buildup of inventories.


New home sales tumble in April after soaring to 10-year high in March

May 23, 2017 0 Comments Bloggies by 888LIFE980

Sales of newly-constructed homes stumbled in April, as builders retreated after a March surge that marked the strongest selling pace in a decade. New home sales ran at a seasonally adjusted annual rate of 569,000. That was well below the consensus forecast of a 610,000 annual pace, but was offset by sharp upward revisions to data from prior months.

UMCA - Today's Mortgage Rates - 800-230-0168

May 23, 2017 0 Comments Bloggies by 888LIFE980

800.230.0168 x 201
805.530.1199 Direct Line to CEO

CalBRE #01870497 | NMLS #3189 | WA CL-3189
Loans are made or arranged pursuant to a Department Building Oversight
California Finance Lenders License #603E93

We have many options available including loan amounts up to 5,000,000. Depending on the credit and or loan-to-value, points and fees will change accordingly. 
For more information give us a call or send us an email. Call regarding our Multi-Family and Commercial Lending.  We look forward to the opportunity to serve you.

Last Update

Tuesday May 23, 2017

Broker / Origination Fee: 0.000%
Lock Period: 30 days Loan Amount: $424,100

Call for lower and alternative rates for your unique situation.  ITIN Loans (Currently on Hold )and all loans available for CA and WA.

Conforming - $424,100
30 Year Fixed                      20 Year Fixed                       15 Year Fixed                      10 Year Fixed
3.750% APR 3.918%          3.500% APR 3.702%              3.000% APR 3.291%           2.750% APR 3.116%

Jumbo - 1,000,000
30 Year Fixed Jumbo above $636,150 - 3M

4.000% APR 4.090%

15 Year Fixed Jumbo above $636,150 - 3M
3.500% APR 3.581%

Conforming High Balance - $636,150
30 Year Fixed Jumbo lower than $636,150
3.875% APR 3.979%

15 Year Fixed Jumbo lower than $636,150
3.125% APR 3.340%

Government - $424,100
FHA & VA 30 Year Fixed

3.500% APR 3.513%

FHA & VA 15 Year Fixed
3.000% APR 3.093%

20% down payment assumption for non-FHA or VA loans
Credit (FICO) Assumption: Excellent = 740, Good = 700, Fair = 680

Please Read the Following:

Rates, points and programs cannot be guaranteed on this website because rates, fees, APR, and other costs are subject to individual borrower's credit score, loan-to-value, loan purpose, loan amount, and rapid fluctuations in market conditions.

Maximum Loan amount for a conforming loan is $424,100. Loan amounts in excess of $424,100 are considered Jumbo Conforming Loans in most Counties. Rates and APR's are based on amounts of $424,100 for Conforming Loans, $636,150 for Jumbo Conforming Loans and $1,000,000 for Jumbo Loans. This is not an advertisement for credit as defined by paragraph 226.24 of regulation Z.

Stock market set for showdown between bulls and bears

May 20, 2017 0 Comments Bloggies by 888LIFE980

In a landscape devoid of blockbuster earnings and policy catalysts, the stock market is likely to remain vulnerable to political uncertainty, setting the stage for another round of skirmish between the bulls and the bears. This week’s turmoil was less about President Trump than what an embattled president will mean for the pro-business policies that he had pledged to enact. Each day we spend on investigations is one less day we are spending on the policy reform that is built into the expectations for this market.

May 2017
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