Aloha Friday,

What a difference a week makes. Rates are down by a ½% over last Friday’s rate. Wow!!

We have some extremely important unemployment numbers being released later today. Everyone knows they will be substantially higher than the last report. The question is will they be as high as the “Street” expects? If not, Wall Street could say things aren’t so bad. If they are very high it could be a sign that we are in a deeper recession than people may choose to believe. It will be interesting to watch.

PLEASE NOTE:

WE STILL HAVE STATED INCOME LOANS!! We are one of the only lenders still offering stated income loans for people with FICO’s over 680. If you have a client who is self employed or commissioned, please call us to help. We are closing many stated income loans on five year fixed rates at 6.25% or seven year fixed rates at 6.5%. These loans also have an interest only option at no additional cost. Let us help you close more deals.

We now also have Non Owner Occupied jumbo loans up to $3 million. Yes, jumbo investor loans. Our programs also allow people to get new loans even if they currently have more than four mortgages. Fannie Mae no longer allows this, but we do! What a grand week this is.

Have a great weekend.
 

Dean Rathbun