Mortgage Blog

First, I have very good 10/1 ARM rates. Since 30 yr fixed rates will not go much lower after the government annouced the hike of G-fees from Fannie Mae and Freddie Mac. So this will be a not bad option.

Just locked a loan from Freddie Mac with LTV 95%(up to 105%) for the rate of 3.875% for 30 yr fixed with no closing cost at all. Not bad rate for this kind of loans without mortgage insurance(This is Freddie to Freddie loan). Fannie Mae loan should be easier. But the qualifictaion is still very strict: loan originated before May 31st, 2009. No Harp Refi before. Current loan from Fannie or Freddie, etc. The rate not bad.