ARM rates?

Hi Jean,Currently rates on 5 year ARMs are in the LOW 3% range depending on FICO score, loan to value and income. Shop around a little bit more but certainly do not accept 3.875%.

If you have excellent credit and 20% equity in your property, we would be able to provide you with the rate you are looking for. Please send me an email to get you locked in. adennie@fmbranch.com

3.875%. Adrin JenkinsSchmidt Mortgage713-776-1040Please give me a call at your earliest convenience.

We are currently at 3.25%. This is based upon excellent credit, 80% LTV full doc. 1% origination fee and at least 150k loan amount. Give me a ring and I can price it out exactly for you. Thanks, Jake B. Just click on my pic for my info.

Wow, those rates are terrible. You should be able to find 3% with a .875% credit for closing costs. Assuming a $200,000 loan amount and an origination fee of $2500, ($1750 covered by the rebate) your APR would be 3.130%.

Rates alone are not a good way to measure your cost over a 5-year term. Three main factors affect your out of pocket:1. Interest2. Closing Costs3. Down Payment Closing costs also affect your APR. Cash required to close can be figured from 2+3. To help you understand, if you needed $5,000 cash to close and got a 3-3/4% interest rate, would that be as good a deal as $2,000 cash to close on a 4% interest rate? Other factors that can change the terms offered are:A. Your credit scoreB. Amount of loanC. Adjustment (ARM) termsPeople with 700+ credit scores can get much better rates than those with 620. It can cost you 1/2% in interest rate to have a 640 compared to a 731. Small loans almost always cost more than larger loans, say $100k+. So, a loan for $80k is going to attract higher closing costs. You can also buy down the rate temporarily by paying additional closing cost (points). Lastly, the ARM terms can make or break a deal even with the exact same quoted interest rate. Is a COFI or a LIBOR index better? Is a margin of 3% acceptable? What about adjustment caps - 2%, 1%, 3%? These answers all affect your longer term costs (after the 5 years). Having said all that, the lowest rate we see without points of any kind is about 3-1/2%, but without all the other details on the loan or your details that can't be guaranteed.