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The next level is 5%
June 16th, 2009 1:55 PM
On June 11th, we talked about the 30 yr fixed rate will go down to 5.5%. And we have this rate today. The next target rate will be 5% for 30 yr fixed with no closing cost. We may have some bumpy days, the rate may go up this Wednesday to Friday, but we will get lower rate later.

Posted in:General
Posted by Eric Fang on June 16th, 2009 1:55 PMPost a Comment

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Is the 5% for 30 yr fixed for jumbo loan ?

Posted by joy on June 16th, 2009 3:55 PM
Usually the rate is for 417k Loan. I think 5% for 417k loan should be easier; for 625k or 729k loan, the CLTV<=60% is better. But we got some problems with values recently.

Posted by Eric Fang on June 16th, 2009 3:58 PM

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