Interest Rates Move to 3 Month Lows and near Historic Lows!!

IMPORTANT ECONOMIC AND RATE NEWS ! 

INTEREST RATES HAVE REBOUNDED TO NEW 3 MONTH LOWS TODAY AS INVESTORS SELL STOCKS AND MOVE MONEY INTO SAFER HAVENS LIKE BONDS AND MORTGAGE BACKED SECURITIES. THE DOW HAS SOLD OFF OVER 800 POINTS FROM RECENT HIGHS WHICH HAS PUSHED INTEREST RATES DOWN ACROSS THE BOARD TO NEAR ALL TIME RECORD LEVELS.

                           

THE BOTTOM LINE IS INTEREST RATES ARE AT THE BEST LEVEL IN MONTHS! TAKE ADVANTAGE OF THESE SUPER LOW RATES TO EITHER STOP SPENDING MORE MONEY EVERY MONTH ON YOUR MORTGAGE PAYMENT THAN YOU HAVE TO OR TAKE SOME CASH OUT TO PAY FOR THOSE HOLIDAY GIFTS ON HIGH INTEREST RATE CREDIT CARDS AND OTHER LOANS. BETTER YET MAKE IT TAX DEDUCTIBLE.


THIS IS THE TIME TO GET ROLLING ON YOUR HOME LOAN!! IT'S STILL AN ABSOLUTELY GREAT TIME TO PURCHASE OR REFINANCE RIGHT NOW. TAKE A LOOK AT THE EYE OPENING EXAMPLE BELOW.  

TODAY'S SPECIAL PRODUCT   15YR. FIXED RATE  3.250%  1 Point APR 3.468%  

Please check out the refinance example below that compares your existing 30Yr. mortgage to today's 15Yr. Fixed Rate. Take advantage of a great 15Yr. rate TODAY!  

Your current 30Yr. $300,000 Loan balance @ 4.75% and a Monthly Payment of $1,565/ Mos. with 25 yrs left. Payments Remaining total $469,500  

New 15Yr. Fixed Rate $300,000 @ 3.25% and a Monthly Payment of $2,108.01/ Mos. for 15 yrs. Payments Remaining total $379,441.  

THAT'S A SAVINGS OF $90,058 IN INTEREST.            

PURCHASE OR REFINANCE     

30 Yr. Fixed Rate                4.125%   APR     4.244%

20 Yr. Fixed Rate                3.750%   APR     3.925%

15 Yr. Fixed Rate                3.250%   APR     3.468%      

5  Yr. Arm                            2.750%    APR     5.994%

7  Yr. Arm                            3.000%    APR     5.622%   

30 Yr. Fixed Rate FHA         3.875%    APR     3.917%  

(Loan amounts up to 3 Million available  with LTV'S 80% to 1 Million and 75% to 1.5 Million, 70% to 3 million. Call for details)     

All Rate quotes other than the FHA product are based on a 75% LTV, MIN Loan Amount of $250,000 and MAX Loan Amount of $417,000 rate and term or purchase and minimum credit score of 740. Fixed Rates above reflect an origination fee of 1%.   

Mortgage Capital Associates is a licensed Mortgage Banker NJ Dept. of Banking and insurance.