Profile picture for AmySung

Did you miss the refi last round? Rates are improving.

I am hearing that rates for 5 year ARM for a conforming jumbo loan below $729k are available for rates less than 4%. What's your rate? If you have variable loans, will you opt for a fixed rate?

  • May 30 2011 - Palo Alto
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Answers (7)

they've been below 4 all year.

  • May 30 2011
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Amy,

A quick check of the CA DRE site shows you have no NMLS endorsement to your RE license, so why do you care what rates are and why are you quoting them?
  • May 31 2011
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Profile picture for sunnyview
I agree. Why are you quoting rates if you are not a lender? Besides with fixed rates as low as they are, getting a variable loan on a 729K house sounds like a recipe for disaster. Just my opinion.
  • May 31 2011
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Amy,

Those rates are available to $5M.

Happy funding, Rudi
  • May 31 2011
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Profile picture for SoCal Engr
She's quoting rates because an REA is your all-around advisor, and is experienced and knowledgeable in all areas relating to real estate, including but not limited to...

    - Financing and rates
    - House construction and inspections
    - Housing appraisals
    - General financial consulting
    - What's best for "you", whether you know it or not

Of course, that may just be the REAs I've run across.
  • May 31 2011
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in other words, "jack of all trades, master of none".

It used to be cute, in annoying way, when an REA ppretended to know financing and would quote rates, etc.
But now that a licence is required it's no longer cute, just illegal.
  • May 31 2011
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Profile picture for AmySung
Being quoted. Not quoting. I do buying and selling homes best. Loans are best left for those who have credentials and know what they are talking about.
  • June 01 2011
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