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This page was updated as of
Friday January 30, 2004 10:58 AM. Due to market volatility, rates
may change and not yet be posted. This is my personal web site and not
the site of any bank or mortgage company. Please call Bill Meyers at
239-566-8484 or toll free at 877-994-9589.
To visit the Washington Mutual web site click:
www.wamuloans.com
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Fixed rates |
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Adjustable rates (ARM) |
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Term |
Rate |
Points |
APR |
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Term |
Rate |
Points |
APR |
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Fixed loans to $333,700 |
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LIBOR ARM loans to $333,700 |
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30 year |
5.875% |
0.000 |
5.929% |
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5/1 ARM |
4.500% |
0.000 |
3.980% |
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15 year |
5.250% |
0.000 |
5.335% |
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3/1 ARM |
4.000% |
0.000 |
3.747% |
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Fixed loans from $334,000 to $650,000 |
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LIBOR ARM loans from $334,000 to $1,000,000 |
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30 year |
6.000% |
0.000 |
6.040% |
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5/1 ARM |
4.875% |
0.000 |
4.105% |
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15 year |
5.375% |
0.000 |
5.436% |
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3/1 ARM |
4.250% |
0.000 |
3.791% |
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Option ARM to $2,500,000 |
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Please call for higher loan amounts |
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Start Rate |
1.250% |
0.000 |
3.90% |
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Interest only 5/1 ARMs available - call for rates |
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Option ARM uses MTA index (monthly treasury average) index |
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MTA index: |
1.256% |
Margin: |
2.65% |
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3/1 and 5/1 ARMs are quoted with LIBOR (London Inter-bank Offered Rate
index, Treasury index loans also available) |
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LIBOR index: |
1.510% |
Margin: |
2.25% |
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Home Page
Rates vary with geographic location
APR is abbreviation for annual percentage rate
Rates change frequently and these rates may not reflect the latest market
conditions
Expressed interest rate may change or be unavailable at commitment or closing
Rates based on primary residence, purchase transaction, with tax and insurance
escrows
Re-finance rates may be slightly higher
Some loans may have pre-payment penalties
Rates on some programs may require higher down payments
This is only a brief summary of rates and programs and possible fees, call for additional
information on underwriting requirements
and program limitations. Guidlines posted here are general in nature and
subject to change without notice.
Rates must be locked by phone or in person.
Mortgage calculators are believed to be accurate but results are not guaranteed
Bill Meyers is employed as a mortgage loan consultant for one of the
nation's largest residential lenders. Bill works as an employee and not a mortgage broker.
This is Bill's personal web site and not the official web site of any bank or
mortgage company. Please consider all information posted on this site
to be general in nature and representative of mortgage rates and policies that
may be available from various sources. Bill is located in Naples Florida.
Bill can be reached on his cell phone at 239-566-8484 or toll free
at 877-994-9589. His office phone number is 239-659-7366. Please
call for additional information.
Closing Costs
(Refinance) Closing Costs (Purchase) Contact
Bill Meyers
Documents Needed For Loan
Approval Mortgage Rates Home Page Low closing cost
loan Lot loan information
Mortgage
Calculator No income verification
programs
Notes regarding APR Pre-approval loans
Table of Contents
Equal Housing Lender
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