Mortgage Rates

Effective dates: October 15 - 18, 2010

All rates are quoted based on 1% origination for a 45 day lock. Market conditions are constantly changing and
the rates listed below are subject to change without notice. Please contact us for a real time quote.
These rates are provided for the sole use of a real estate professional and not to be distributed to the general public.

Conventional FHA / VA Jumbo

30 year fixed 4.000% 4.000% 4.750%
15 year fixed 3.250% 3.500% 4.500%
2-1 buydown 2.250%
1 year ARM N/A (Index = 1 yr Treasury, Caps 2/6, Margin 2.75)
3 / 1 ARM 3.000% N/A 3.000% (Index = 1 yr Treasury, Caps 2/6, Margin 2.75)
5 / 1 ARM 2.625% 2.875% 3.375% (Index = 1 yr Treasury, Caps 2/5, Margin 2.75)
7 / 1 ARM 3.000% 3.625% (Index = 1 yr Treasury, Caps 5/2/5, Margin 2.75)

Market Insight
Commentary by Larry Baer of Market Alert
The Commerce Department reported this morning that retail sales rose a
stronger-than-expected 0.6% in September, lifted by big ticket items like autos, THE 17 INDISPUTABLE
electronics and appliances. The August figure was revised higher as well to
show a gain of 0.7% versus the 0.4% gain originally reported. Excluding autos, LAWS OF TEAMWORK 
September sales were up 0.4%, essentially matching the consensus estimate.
Consumer spending accounts for roughly 70% of the nation's economic Becoming A Better Team Member
activity, so an improved picture for overall third-quarter performance will tend
to limit the ability of mortgage interest rates to make a notable move to lower People often say that imitation is a compliment.
levels as investors anticipate a rising demand for capital to finance the prospect
of budding new business opportunities. In regard to teamwork I believe the highest
In a separate report the Labor Department said their September Consumer Price compliment
li t you can receive
i is
i trust
t t ffrom your
Index showed inflation rose at a slower-than-expected pace last month. The teammates when it really counts.
overall consumer price index rose just 0.1% while the core rate, a value which
excludes the more volatile food and energy price components, remained How do your teammates feel about you? You
unchanged for the second straight month.
This low inflation environment is bothersome for Fed Chairman Bernanke and may or may not be the type of player who can
a majority of his fellow central bankers. Mr. Bernanke, speaking at a make things happen and then some when the
conference sponsored by the Boston Federal Reserve Bank this morning, said games is on the line. That’s okay. But can you
high unemployment and low inflation point to a need for further easing of be depended on to do your part, whatever that
monetary policy. His comments removed any remaining doubt among credit is, when your teammates need you? Do you
market participants that another round of economic stimulus from the Fed is on
the way. The Fed is broadly anticipated to formally announce the deployment perform and follow through in such a way that
of "QE2" at the conclusion of the two-day Open Market Committee meeting on the team considers you someone they can count
November 3rd. The dollar size of the Fed's commitment is still vague and many on? How are you doing in each of the areas
analysts, including the Fed Chairman himself, question the likely effectiveness examined in the chapter?
of this new program in regard to making a dent in the nation's stubbornly high
jobless rate.
The one thing nobody doubts is the Fed's intent to do as much as is required to  Is your integrity unquestioned (character)?
drive the inflation rate at both the producer and consumer level higher -
viewing the achievement of that objective as tangible proof the gears of  Do you perform your work with excellence
economic growth are once again beginning to turn. I certainly hope they are (competence)?
correct in their assessment of the impact of their new monetary policy strategy
on future economic growth. While there are those who question how much
"bang-for-the-buck" in terms of economic growth the Fed will actually  Are you dedicated to the team’s success
recognize for their effort - there are few who doubt rising inflation pressures (commitment)?
will push mortgage interest rates higher.
Looking ahead to next week the economic calendar is populated with second-  Can you be depended on every time
tier reports ranging from Monday's September Industrial Production and (consistency)?
Capacity Utilization figures, Tuesday's September Housing Starts and Building
Permits stats, and Thursday's Initial Jobless Claims data. With so little to
"chew on" - it is likely the trend trajectory of mortgage interest rates will be  Do your actions bring the team together
largely governed by trading action in the stock markets. Higher stock prices (cohesion)?
will tend to put upward pressure on mortgage rates while lower stock prices
will probably foster steady to perhaps fractionally lower rates. If you are weak in any of these areas, talk to a
mentor or trusted friend to get suggestions
Be patient… Be disciplined… and play it by the numbers. concerning how you can grow in that area.

THE MARKET IS ALWAYS RIGHT! Excerpt from The 17 Indisputable Laws of

Teamwork by John C. Maxwell c2001
YOU AND I ARE SOME OF THE TIME

“There are three ingredients in the good life:

learning, earning and yearning.”
- Christopher Morley

CHRIS will be on call this weekend & can be reached at (303)389-5720

Phone Fax

For more Tom Ninness

CO Mtg ID#: 100018945
(303)389-5716 (303)843-9203

information Chris Zadra

CO Mtg ID#: 100018056
(303)389-5720 (303)223-9198

contact: