Rates Are Incredible

Mortgage interest rates are so low right now.   And if you haven't checked out rates from Cal Coast Financial, you will be even more pleasantly surprised.   I have put together a table comparing the rates available from Cal Coast Financial today (5/21/2010) and 3 major banks.   I can beat their pricing on every loan product.   

Loan Type	Cal Coast Financial	Wells Fargo	Bank of America	Chase
Conforming 30 year fixed	4.75%  No Points APR 4.856%	4.75%   1 point APR 4.939%	4.75%  1.125 pts APR 4.896%	4.75%  1.25 pts APR 4.859%
Conforming 20 year fixed	4.375% No Points APR 4.517%		4.375% 1 Point APR 4.558%
Conforming 15 year fixed	4.00%  1/2 Point APR 4.180%	4.125%    1 Point APR 4.447%	4.125% 1.125 pts APR 4.376%	4.125% 1.25 pts APR 4.310%
Conforming 5 year ARM	3.375% No Points APR 3.927%	3.375% 1 Point APR 3.549%	3.5%  1.125 pts APR 3.557%	3.5%1 Point APR 3.796%
Jumbo Conforming 30 year fixed	4.75%  0.25 pts APR 4.813%	4.75      1 Point APR 4.886%	4.875% 0.75 pts APR 4.968%
Jumbo Conforming 5 year ARM	3.5%     No Points APR 3.932%	3.875    1 Point APR 3.679%	3.875% 1 Point APR 3.661%

These rates, of course, reflect the pricing for low loan to values (75% or less) and great credit scores.   Call or send me an email if you would like to get accurate pricing for your specific loan scenario.

Conforming loan amounts up to $417,000.   Jumbo conforming loan amounts vary by county.   In Alameda County, the Jumbo conforming limit for a single family residence is $729,750.  One point is equivalent to 1% of your loan amount.