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Rate Sheet for Friday, May 18, 2012
Rates Last Updated on 5/18/12, 10:00 AM CST
Loan Program	Interest Rate	Lock Period	Max LTV	Credit Score	APR*
95% LTV 30 Year Fixed	3.500%	30	95%	680	3.583%
95% LTV 20 Year Fixed	3.250%	30	95%	680	3.365%
95% LTV 15 Year Fixed	2.750%	30	95%	680	2.897%
95% LTV 5/1 LIBOR ARM	2.375%	30	95%	680	2.453%
96.50% LTV FHA 30 Year Fixed	3.500%	30	96.5%	620	3.547%
96.50% LTV FHA 15 Year Fixed	3.000%	30	96.5%	620	3.084%
100% LTV VA 30 Year Fixed	3.750%	30	100%	620	3.824%
100% LTV VA 15 Year Fixed 96.50% LTV FHA 20 Year Fixed 96.50% LTV FHA 15 Year Fixed 95% LTV 10 Year Fixed 90% LTV 30 Year Fixed 90% LTV 20 Year Fixed 90% LTV 15 Year Fixed 90% LTV 10 Year Fixed 90% LTV 5/1 LIBOR ARM 80% LTV 30 Year Fixed 80% LTV 20 Year Fixed 80% LTV 15 Year Fixed 80% LTV 10 Year Fixed 80% LTV 5/1 LIBOR ARM {Pick Your Program}

*The APR is an estimate which does not include interim interest and is based on an average loan amount of $212,500. Rates and terms are subject to change at any time based on various conditions such as market conditions, loan size, property type, credit rating, occupancy type, etc.

Sample of our "state of the art" Mortgage Offers and Pre-Approval Letters!

Daily Market Watch for Wednesday, May 16, 2012 (Courtesy of Larry Baer and Market Alert )

15-Minute Daily Chart of the Fannie Mae 5.0% - 30 Year from mktalert.net

How To Understand The FNMA Chart

How The DJIA & NASDAQ Can Affect Rates

Commentary: A stronger-than-expected report on April housing starts did not generate much of a reaction from mortgage investors. Traders also wasted little time shrugging off a stronger-than-forecast rise in April Industrial Production. Modestly improving economic data here in the states continues to take a back-seat to financial drama playing out in Greece and other euro-zone countries. The Greek political struggles dramatically increase the likelihood the country will go bankrupt before the summer is out. The threat of such an outcome and the impact it could have on other countries in the region continues to fuel the global “flight-to-quality” buying of U.S. dollar denominated assets like Treasury debt obligations and agency eligible mortgage-backed securities – a credit market condition highly supportive of the near-term prospects for steady to perhaps fractionally lower mortgage interest rates.

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