Last Updated On: Friday, December 02, 2011
* Initial Interest Rate.  The interest is fixed for the first five years and adjusts annually thereafter for the remainder of the loan term. The rate may increase after consummation. The Index for this product is the 1 Year LIBOR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 1 point, and a 30 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan.The above rates may change or not be available at commitment or closing or may be subject to product restrictions.  NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535

William Raveis Mortgage, LLC is a licensed, full-service Mortgage Banker/Broker (View our licenses)

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Wiliam Raveis Executive Mortgage Banker Michael Derosa

“Freddie Mac’s latest survey finds the average rate on 30-year, fixed-rate mortgages at 4.09%, the lowest level in more than 50 years and just this morning the yield on the 10 year T-bill hit it’s LOWEST LEVEL EVER AT 1.76%!!!!”

CLICK HERE to see today’s Rate Sheet! He will work 110% to make it happen for you!

Last Updated On: Friday, September 09, 2011
* Initial Interest Rate.  The interest is fixed for the first five years and adjusts annually thereafter for the remainder of the loan term. The rate may increase after consummation. The Index for this product is the 1 Year LIBOR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 1 point, and a 30 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan.The above rates may change or not be available at commitment or closing or may be subject to product restrictions. - NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535

William Raveis Mortgage, LLC is a licensed, full-service Mortgage Banker/Broker (View our licenses)

All information provided is deemed reliable but is not guaranteed and should be independently verified.

30 year fixed conforming (to 417K) is 4.25%!

30 year fixed high balance conforming is 4.375%!

We also recieved notification yesterday from William Raveis Mortgage that “the higher conforming jumbo loan limits that were a part of an economic recovery law are due to expire on September 30, 2011 unless extended by Congress and the President.” CLICK HERE to read more news about the impending deadline.

Last Updated On: Monday, January 31, 2011

The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 1 point, and a 30 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The above rates may change or not be available at commitment or closing. Property taxes and homeowners insurance are estimates and subject to change.
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535

William Raveis Mortgage, LLC is a licensed, full-service Mortgage Banker/Broker (View our licenses)

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Position yourself to be a Strong Buyer…

Pre-qualification: is an estimate of your borrowing power. This estimate is based on a credit report plus information you provide verbally and is not verified by a lender. Most sellers will not except an offer from buyers that have only been pre-qualified.

Pre-approval: is a preliminary approval issued by a lender after your income, assets and credit have been verified and deemed satisfactory for a given loan program. Once negotiated, the terms of the pre-approval must be met including a satisfactory appraisal of the property. You will be able to place an offer with a pre-approval.

Commitment: An agreement, in writing, between a lender and a borrower to loan money at a future date, subject to certain conditions.  A mortgage commitment is issued after an application has been submitted and credit, income, and asset documentation along with an appraisal of the selected property, has been reviewed by a lender.  A commitment is based on a specific property, and a specific mortgage program.

…. and position yourself for Success!

Michael DeRosa                                                                             

Executive Mortgage Banker

William Raveis Mortgage LLC

cell: 203-994-9988

michael.derosa@raveis.com

efax:    203-653-5687

NMLS Mortgage Loan Originator # 58223

Last Updated On: Friday, September 10, 2010

The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 1 point, and a 30 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The above rates may change or not be available at commitment or closing. Property taxes and homeowners insurance are estimates and subject to change.
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535

William Raveis Mortgage, LLC is a licensed, full-service Mortgage Banker/Broker (View our licenses)

All information provided is deemed reliable but is not guaranteed and should be independently verified.

Last Updated On: Friday, July 09, 2010

The rates and APR above are based upon the following assumptions: a 20% down payment, $1,500 in finance charges, and 30 days prepaid interest, 1 point, and a 30 day rate lock. The rates and APR will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The above rates may change or not be available at commitment or closing. Property taxes and homeowners insurance are estimates and subject to change.
 20051919LB – NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535

William Raveis Mortgage, LLC is a licensed, full-service Mortgage Banker/Broker (View our licenses)

All information provided is deemed reliable but is not guaranteed and should be independently verified

The Trend on June Mortgage Rates courtesy of William Raveis Mortgage