Hi,
CA – Los Angeles, San Francisco
The average mortgage rates for a 30-year FRM are slightly higher in LA than it is in SF, with the reverse being true for points. Though the rates for 15-year FRM in both the cities are similar, the total points are not identical, with rates in SF having a slight edge. Rates for 1-year ARM in SF are much lower than it is in LA and the difference is further heightened by the absence of points in SF.
Thanks and Regards
Shirly Smith
[email protected]
California Mortgage DepoShirley,
this is an Australian forum. most people will not be familiar with ‘points’ , and probably not FRM’s and ARM’s .
The other thing we Aussies don’t have in our system is the CREDIT SCORE like you guys have, which, without is very hard (read impossible) to get finance in the USA.
I should know – I have an absolutely flawless credit rating in Aus, and am totally debt free in the USA (no loans or c/c’s in the USA) and I cannot get any finance or credit cards (not that I want any) in the USA as I have no credit score, yet if I had $5,000 debt on a number of cards, but was handling at least the minimum payment due, I could easily get a couple more! Go figure.Cheers,
Marc.
[email protected]“we get sent lemons; it’s up to us to make lemonade”
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