Long Beach Real Estate-Long Beach Condos

Mortgage rates in Long Beach, California for July 10, 2008.  Loan amounts up to $417,000:

(Be sure to watch the video commentary, directly below)

3/1 ARM              5.125%

5/1 ARM              5.375%

7/1 ARM              5.625%

10/1 ARM            6.000%

30 Yr Fixed          6.125%

All rates offered to the borrower with 1 point cost.  Rate quotes assume a purchase transaction with a 20% down payment, 720 credit score, and full income qualification.  Rates are subject to fluctuation.  Custom rate quotes and rate lock advice are available by calling at the number below..

LONG BEACH CALIFORNIA  MORTGAGE RATE TREND:

Next 7 days:        Lower

Next 30 days:      Slightly Lower 

Next 3 months:    Higher

Long Beach mortgage rates for June 30, 2008.  Loan amounts up to $417,000: 

3/1 ARM              5.250%
5/1 ARM              5.500%
7/1 ARM              5.750%
10/1 ARM            5.875%  

All rates offered to the borrower with 1 point cost.  Rate quotes assume a purchase transaction with a 20% down payment, 720 credit score, and full income qualification.  Rates are subject to fluctuation.  Custom rate quotes and fixed rate mortgages are available by calling at the number below. 

LONG BEACH MORTGAGE RATE TREND:

Next 7 days:       Slightly Lower

Next 30 days:     Slightly Higher

Next 3 months:   Higher 

Brian Brady
(858)-777-9751
Apply for a loan online

Mortgage rates have declined some 1/2 of 1% in the past two weeks.  We advised you to float your rate, back on December 27, 2007 but I warned you that the decline may be short-lived.

Lock all loans at application.  If you have a loan in processing, and are floating the mortgage rate, lock your rate.  The  worldwide liquidity injection has had its desired effect.  The anticipated Fed rate cut, on January 30, 2008, is already built into the pricing.  there is more risk to mortgage rates rising than there is reward for holding out for a lower rate.

Lock your mortgage rate.  I'll be in New York City, until Friday.  I can be reached at (858)-699-4590 after 2PM PST today.  Debra can be reached at (858)-228-0617.