Still Blown Away By Interest Rates!

Yup, absolutely blown away........ The below information is provided by a local mortgage broker  that has been in the business for a bazillion years. Needless to say, these rates depend on a lot of things..  including FICO scores,  Debt-To-Income ratios, Down Payments, and more.... But, still, yup, still what'd I say? BLOWN AWAY! Rates have been below 3.50% 10 months in the past 60 + years. 30 year conventional loans are in the High 2’s and low 3’s.    30 year Government Loans (FHA / VA) are in the mid to high 2’s and low 3’s. High Balance Loans $510,401.00-765,600.00 are in the high 2’s and low 3’s. Jumbo loans above $765,600.00 are in the low to mid 3’s. Bank statement loans – They are available with 15% down. Stated income loans  - He has one bank with 30% down, but everything else has to be perfect!        0 down loans are in the 4’s - 660 credit score min right now! Private Money lenders are stepping in to a lot of business right now and we have many of those loan programs available.  35% down!  First time Buyers Tax Credits are back, but on a very limited basis!  20% Tax credit on the interest they pay!  Fabulous program!  Interest rates are subject to change without notice!  Above are LA County Loan Limits.