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Subject: Great Rates 12/05/2008 & "Did You Know?"
Rates as of 12/05/2008:
30 year fixed, conventional: 5.25%
30 year fixed, FHA: 5.50%
5 year ARM, conventional: 5.50%
15 year fixed, conventional: 4.875%
5 year ARM, FHA: 5.875%
5 year ARM, Jumbo: 5.875%
"Did You Know?"
* The Treasury is considering a plan that would allow banks to offer a
government-subsidized 4.50% rate! Let's hope that they decide on this issue
quickly. Meanwhile, keep in mind that this is for purchase money only. So if you
know of anyone interested in refinancing, there is no need for them to wait for
4.50%! Now is the time to refinance!
* Income from overtime, second jobs, commissions and bonuses normally has to
have been earned for a two year period, however case-by-case our underwriters
will consider an exception after only one year. When deciding whether or not
they will make the exception, they will be looking for good credit, cash
reserves, and debt ratios that do not exceed 45%.
Come see the Wells Fargo Stagecoach at the Children's Healthcare Holiday Parade
...10:30 a.m. on Peachtree Street tomorrow (or watch on Channel 2 WSB). It
should be lots of fun! Hope you have a busy weekend! Call if I can
help you!
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