Interest Rate Update

Prepared Exclusively For Katrina Ladyga.
DATE:
08/26/08
Jeffrey Slater (708)906-4186
OFFICE:
(708) 430-0300
BancGroup MORTGAGE CORP.
DIRECT:
(708) 906-4186
DAILY RATE SHEET AND MARKET COMMENTARY
CONV. FIXED
30 YR
6.375%
20 YR
6.375%
15 YR
6.000%
10 YR
5.875%
CONV. ARMS
3/1
6.000%
5/1
6.125%
7/1
6.375%
5/25
N/A
7/23
N/A
JUMBO ARMS
5/1
5.750%
7/1
6.250%
GOV. FIXED
CONFORMING LOAN LIMITS
30 YR
6.500%
$417,000
-
1 UNIT
$533,850
-
2 UNIT
GOV. ARM
$645,300
-
3 UNIT
1 YR
6.250%
$801,950
-
4 UNIT
3/1
6.500%
97% LTV
FHA LOAN LIMITS - NEW
3/1
N/A
$410,000
-
1 UNIT
5/1
N/A
$524,850
-
2 UNIT
30 YR
6.750%
$634,450
-
3 UNIT
$788,450
-
4 UNIT
MARKET COMMENTARY:
Rates are near unchanged today as bond prices are slightly lower erasing some of the gains from the past couple of days. Oil prices continue to moderate as economies across the globe appear to stumble. Consumer confidence and new home sales both rose. However, the market has had little reaction to this news. CONSUMERS WITH CREDIT SCORES BELOW 720 WILL BE PENALIZED ON MOST LOANS.
EVENT CALENDAR:
08/27/08: Durable Goods Orders
08/28/08: Preliminary Q2 GDP
CLOSING COST ESTIMATE: $325 (application fee) $250 (underwriting fee)
$250 (funding fee) $75 (tax service) & $1,000 (est. title expense) TOTAL: $1,900 (est.)
An Illinois Residential Mortgage Licensee.
Intended for realtor/wholesale lender use only - rates subject to change without notice - all rates for 45 day lock/720 Min. credit score & 80% LTV/90% CLTV for Conv. Loans.
10400 S. ROBERTS RD., PALOS HILLS, IL 60465