SweetwaterMortgage

Rate Sheet for Friday, September 10, 2010
Rates Last Updated on 9/9/10, 2:30 PM CST
Loan Program	Interest Rate	Lock Period	Max LTV	Credit Score	APR*
95% LTV 30 Year Fixed	4.125%	30	95%	680	4.211%
95% LTV 20 Year Fixed	4.125%	30	95%	680	4.243%
95% LTV 15 Year Fixed	3.750%	30	95%	680	3.900%
95% LTV 5/1 LIBOR ARM	3.000%	30	95%	680	3.094%
96.50% LTV FHA 30 Year Fixed	4.375%	30	96.5%	640	4.485%
96.50% LTV FHA 15 Year Fixed	3.875%	30	96.5%	640	4.067%
100% LTV VA 30 Year Fixed	4.375%	30	100%	600	4.485%
100% LTV VA 30 Year Fixed 100% LTV VA 15 Year Fixed 96.50% LTV FHA 30 Year Fixed 96.50% LTV FHA 20 Year Fixed 96.50% LTV FHA 15 Year Fixed 95% LTV 30 Year Fixed 95% LTV 20 Year Fixed 95% LTV 15 Year Fixed 95% LTV 10 Year Fixed 95% LTV 5/1 LIBOR ARM 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 95% LTV 30 Year Fixed - Condo 95% LTV 20 Year Fixed - Condo 95% LTV 15 Year Fixed - Condo 95% LTV 10 Year Fixed - Condo 95% LTV 5/1 LIBOR ARM - Condo 90% LTV 30 Year Fixed - Condo 90% LTV 20 Year Fixed - Condo 90% LTV 15 Year Fixed - Condo 90% LTV 10 Year Fixed - Condo 90% LTV 5/1 LIBOR ARM - Condo 80% LTV 30 Year Fixed - Condo 80% LTV 20 Year Fixed - Condo 80% LTV 15 Year Fixed - Condo 80% LTV 10 Year Fixed - Condo 80% LTV 5/1 LIBOR ARM - Condo {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 Thursday, September 9, 2010 (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 Can Affect Rates

Commentary: The Labor Department announced this morning that the number of Americans standing in line to file first time claims for unemployment benefits dropped by an unexpected 27,000 during the week ended September 4th. Last week’s apparent improvement in the story from the labor sector sent mortgage investors racing to drop prices and nudge up note rates as a few rays of light filter though the darkness of their recessionary thinking. As they say, the devil is in the details – and in this case more than a few investors may choose to rethink their earlier decision to sell mortgage-backed securities aggressively this morning after they take the time to read the initial jobless claims report more closely. It is worth noting that the Labor Department was quick to point out because of the Labor Day Holiday, nine states – including California – failed to file their jobless claims reports by the Labor Department’s deadline – so government data wonks simply plugged in guesstimates for those non-reporting states.

Announcements
Sweetwater now has in-house underwriting on Purchase, Primary Residence transactions! This will dramatically improve underwriting turntimes!
We have added Texas Homeplace Mortgage as a division of Sweetwater Mortgage. Texas Homeplace will serve as our 'small town' mortgage division with our first branch opening in Brenham, Texas August 2010.
The TDSML gave Sweetwater the highest possible Compliance Rating of a “1” on our recent audit! According to the TDSML, a Compliance Rating of a “1” means “A mortgage broker in this category is in a strong compliance position”.
Ask about our great financing for non-warrantable condos! We are the condo experts!

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