North Idaho Janna

Rates are sliding down into the low 5's for conforming loan amounts.  We have seen the 30 year fixed this week touch in the high 4's..............Truly this is the time to lock for purchases. My suggestion is to get your application and documention in so that we can watch the rates and lock when they move..... Rates can move fast... So be READY ! 

(Sorry, one of these days I'm going to figure out why I can't get the formatting to make a nice little chart in this program.  It looks fine until I post it, then it is out of whack!)

Weekend Rates -12/05/08

  Product                 Points     Rate            ARR*       Points              Rate             APR*

30 YR FIXED*        1%             5.000              5.252           0 %   ­          5.250               5.413

15 YR FIXED*        1 %            4.750               5.109           0 %                5.000               5.207

FHA/VA 30 Yr #     1 %          5.000               5.756            0 %               5.500           6.185

NON-OWN 30yr*   1 %           6.375             6.643             0 %               7.000               7.174  

With 25% down:

Jumbo  7/1 ARM*   1%          5.600           5.553               0 %             6.000                5.630  

 *Purchase loan based on 730 FICO score, 20% or more down and Full income documentation unless otherwise specified. FHA/VA guidelines apply normally 3% down.  Rates and Products Are Subject to Change any time.

Janna Rankin Scharf, AB, GRI, CSP, CNS, CLHMS, provides a superior level of real estate services to home buyers and sellers in Coeur d'Alene and Kootenai County, Idaho. Visit www.JannaScharf.com to search for homes in the Coeur d'Alene MLS for anywhere in spectacular North Idaho.

Janna Rankin Scharf, 208.651.9700  NorthIdahoJanna@gmail.com