Action's Current Interest Rates

Current Interest Rates

· Friday, July 31, 2009: conforming and jumbo rates are down.

· Please note the table pricing has changed with adjustment criteria listed below. The table is based upon a borrower with "platinum" credit, and an appraisal, which supports a 60% loan-to-value ratio, or lower. With these adjustments, it becomes more difficult to follow the pricing for your loan, unless you fall into the above category. However, we are pricing in this manner in our on-going quest to pass on the best pricing to all of our “A” paper customers. Therefore, you must know both your credit score and your loan-to-value ratio in order to determine the pricing applicable to you. Please call or email with any questions you may have at Rich.Young@ActionMortgage.com. View Rich Young's profile

· Note from Thursday, July 9, 2009: Rates are coming back down. Please get your outstanding loan conditions satisfied and the loan fully approved with NO Prior to Doc and NO Prior to Funding conditions. That way you can lock, doc, and close when rates hit your goal!

· Click here for the most recent bond market update.

15 Day Locks as of: Friday, July 31, 2009 at 12:37 PM PST

Conforming Loans - up to $417,000
LOAN TYPE	NOTE RATE %	POINTS	APR
30 Year Fixed	5.500	0	5.636
	5.125	1	5.496
	4.875	2	5.335
15 Year Fixed	4.750	0	4.940
	4.375	1	4.828
	4.250	2	4.730

Agency High Balance Loans - over $417,000, up to $625,500
LOAN TYPE	NOTE RATE %	POINTS	APR %
30 Year Fixed	5.875	0	6.020
	5.500	1	5.737
	5.250	2	5.577
15 Year Fixed	5.000	0	5.270
	4.625	1	5.060
	4.375	2	4.963
· Assumptions of above pricings are based upon: platinum credit >800 credit score, full documentation, loan amount >$400,000 and <$417,001 with a loan-to-value ratio of = or < 60%. · All adjustments below apply to Conforming and Agency High Balance loan amounts. · Adjustment: add .25 to the fee (or points column) if your loan-to-value ratio is higher than 60%. · Adjustment: sterling credit 750-799 - add .25 to the fee · Adjustment: gold credit 720-740 - add .375 to the fee · Adjustment: silver credit 680-720 - add .50 to the fee · To lock, ARM must have in its possession a fully completed loan application, and a completed appraisal. · For more information, please fill out our quick, no-obligation "Easy App" , or call 800-459-9872. From Rich Young: Important, Informational Form Letter for Loan Applicants Dear Sir or Madam: Thank you for considering Action Residential Mortgage. In the event that we earn your trust and business, you can lock the rate on your loan on any day that you choose, provided that you have first provided us with a fully completed loan application, appraisal, and the lender has approved your loan. Non-recurring closing costs for a refinance range from $2,900 to approximately $3,300 (depending on your loan amount). Non-recurring closing costs for a purchase vary widely. For your assurance, we would be happy to provide you with an accurate, detailed and guaranteed Good Faith Estimate of your closing costs for your transaction. In order to do this, we must have a current appraisal of your property, and a current credit report. The below application hyperlink is a complete loan application package. If for any reason you are not able to print this document, we will be happy to forward the application to you by email, fax or mail. Upon your review, please fill out the application, or as an option, we will fill out the application for you based upon the supporting documentation you provide. In either case, make sure you sign and date all documents and forward them to us at your earliest convenience. If you have any questions, please do not hesitate to call, or email, at your earliest convenience. Sincerely, Rich Young - Broker/President Loan Application Link Email: Rich Young 178 South Boulevard San Mateo, CA 94402 desk: 650-638-3610 main: 650-638-3600 facimile: 650-638-3636