Industry Trends
WFS Jumbo rate – 5/5 ARM: 2.875%
Refi Index – 1565.4 (-4.28%)
Purchase Index – 174.7 (-6.13%)
NAHB Builder Confidence – 54.00 (0%)
Existing Home Sales – 4,900,000 (-4.3%)
New Home Sales – 421,000 (+7.95%)
As of Dec. 19, 2013.
SOURCE: Mortgage News Daily
Featured Product: 5/5 ARM
This loan carries a lower interest rate and higher maximum loan amount than a typical jumbo loan product. While ARMs normally adjust every year after the initial fixed period, this one holds steady for five years between each adjustment. Speak to a Weichert Gold Services Manager for more information about this new jumbo mortgage product.
Local News
Bernards II in Society Hill – Basking Ridge – is now FHA Approved!
