Tuesday, August 19, 2008 #

Price Adjustment & Program Updates - Week of 18 Aug 2008

Week of 18 Aug 2008
Price adjustments
  • All FHA loans with Down Payment Assistance have a 0.50 price adjustment
Program Updates
  • 1 year FHA ARMs are no longer available
  • Condos/attached PUDs in Florida are limited to 80% LTV
  • We will continue allowing Down Payment Assistance as long as the secondary markets allow

posted @ Tuesday, August 19, 2008 9:38 AM | Feedback (0)

UT Mortgage Rates -- 19 Aug 2008

UTAH
DAILY RATES for August 19, 2008
CONVENTIONAL 30-YEAR FIXED
 
FHA 30-YEAR FIXED
 
12 Day
30 Day
60 Day
 
12 Day
30 Day
60 Day
Rate
Rebate
Rebate
Rebate
Rate
Rebate
Rebate
Rebate
5.625%
3.891
4.016
4.516
5.750%
2.589
2.714
2.964
5.750%
2.958
3.083
3.583
5.875%
1.216
1.341
1.715
5.875%
1.959
2.084
2.513
6.000%
-0.296
-0.171
0.203
6.000%
1.354
1.479
1.908
6.125%
0.298
0.423
0.797
6.125%
0.837
0.962
1.391
6.250%
-0.539
-0.414
-0.040
6.250%
0.104
0.229
0.658
6.375%
-0.962
-0.837
-0.463
6.375%
-0.541
-0.416
0.013
6.500%
-2.135
-2.010
-1.636
6.500%
-1.039
-0.914
-0.485
6.625%
-1.768
-1.643
-1.269
6.625%
-1.444
-1.319
-0.890
6.750%
-2.175
-2.050
-1.676
6.750%
-1.977
-1.852
-1.423
6.875%
-2.536
-2.411
-2.037
6.875%
-2.578
-2.453
-2.024
7.000%
-3.614
-3.489
-3.115
7.000%
-2.954
-2.829
-2.400
7.125%
-3.183
-3.058
-2.684
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*Information is intended for mortgage professionals only and not meant to solicit or inform borrowers.

posted @ Tuesday, August 19, 2008 9:36 AM | Feedback (0)

Monday, August 18, 2008 #

Down Paymnet Assistance Programs

Direct Mortgage will continue to accept down payment assistance from the following approved programs as long as the secondary markets allow for them:
  • AmeriDream
  • Family Home Providers
  • Hart
  • Nehemiah
  • Preferred Program (aka Genesis Foundation)
If you have a question, please contact your AE or Broker Support at 800-924-3884 or brokersupport@directcorp.com

posted @ Monday, August 18, 2008 1:45 PM | Feedback (0)

UT Mortage Rates - 18 Aug 2008

UTAH
DAILY RATES for August 18, 2008
CONVENTIONAL 30-YEAR FIXED
 
FHA 30-YEAR FIXED
 
12 Day
30 Day
60 Day
 
12 Day
30 Day
60 Day
Rate
Rebate
Rebate
Rebate
Rate
Rebate
Rebate
Rebate
5.625%
4.046
4.171
4.671
5.750%
2.509
2.634
2.884
5.750%
2.736
2.861
3.290
5.875%
1.129
1.254
1.628
5.875%
1.933
2.058
2.487
6.000%
-0.321
-0.196
0.178
6.000%
1.392
1.517
1.946
6.125%
0.211
0.336
0.710
6.125%
0.906
1.031
1.460
6.250%
-0.563
-0.438
-0.064
6.250%
0.167
0.292
0.721
6.375%
-0.987
-0.862
-0.488
6.375%
-0.509
-0.384
0.042
6.500%
-2.128
-2.003
-1.629
6.500%
-0.944
-0.819
-0.398
6.625%
-1.792
-1.667
-1.293
6.625%
-1.337
-1.212
-0.783
6.750%
-2.168
-2.043
-1.669
6.750%
-1.944
-1.819
-1.390
6.875%
-2.529
-2.404
-2.030
6.875%
-2.532
-2.407
-1.978
7.000%
-3.608
-3.483
-3.109
7.000%
-2.796
-2.671
-2.296
7.125%
-3.256
-3.131
-2.756
Login for a complete list of rates  
Request to be added to our daily rates email
*Information is intended for mortgage professionals only and not meant to solicit or inform borrowers.

posted @ Monday, August 18, 2008 9:37 AM | Feedback (0)

Friday, August 15, 2008 #

UT Mortgage Rates -- 15 Aug 2008

UTAH
DAILY RATES for August 15, 2008
CONVENTIONAL 30-YEAR FIXED
 
FHA 30-YEAR FIXED
 
12 Day
30 Day
60 Day
 
12 Day
30 Day
60 Day
Rate
Rebate
Rebate
Rebate
Rate
Rebate
Rebate
Rebate
5.625%
4.469
4.594
5.094
5.750%
2.309
2.434
2.684
5.750%
3.449
3.574
4.074
5.875%
1.727
1.852
2.102
5.875%
2.199
2.324
2.753
6.000%
0.030
0.155
0.405
6.000%
1.594
1.719
2.148
6.125%
0.460
0.585
0.835
6.125%
1.077
1.202
1.631
6.250%
-0.358
-0.233
0.017
6.250%
0.312
0.437
0.866
6.375%
-0.857
-0.732
-0.482
6.375%
-0.333
-0.208
0.221
6.500%
-1.833
-1.708
-1.376
6.500%
-0.831
-0.706
-0.277
6.625%
-1.710
-1.585
-1.335
6.625%
-1.235
-1.110
-0.681
6.750%
-2.098
-1.973
-1.723
6.750%
-1.862
-1.737
-1.308
6.875%
-2.514
-2.389
-2.139
6.875%
-2.463
-2.338
-1.909
7.000%
-3.438
-3.313
-2.939