The Veridian Blog

Hope everyone enjoyed a great Labor Day.  Last week we saw both the 5/1 conforming, 5/1 high-balance conforming and 5/1 True-Jumbo loan programs plummet to levels we haven't seen since the last refi boom, ending in 2004.  The low rates continue to hold steady post-holiday weekend despite Friday's stock market rally amidst a lower-than-expected number of jobless claims filed. 

We now also have excellent rates for conforming loan amounts at $417,000 or less with an interest-only option.  The true-Jumbo market - up to $2.0 million - has also recently revitalized itself to more reasonable levels, although most of the eye-opening rates are still reserved for those with superb equity and credit.

Call us for more details - these rates won't last forever - they may not even last the rest of the week!