TODAY'S ARM RATES

Mortgage Rates Effective May 16, 2008 
   
LIBOR Index-2.984%       Conf    Margin-2.25%     Jumbo Margin-2.50%

Current Rates:                                                   
Products Conforming Jumbo Max. LTV Points Origination   Fee
Rate APR(e) Rate APR(e)
1/1 ARM 6.375% 5.369% 6.375% 5.350% 90%  -0-   -0-
2/1 ARM 6.500% 5.484% 6.500% 5.465% 90%  -0-   -0-
3/1 ARM 5.750% 5.395% 6.750% 5.621% 90%  -0-   -0-
5/1 ARM 5.875% 5.515% 7.500% 5.149% 90%  -0-   -0-
               
               
               
               
               
               


Note: Certain income, credit, and specific underwriting criteria may apply. Rates for 1/1, 3/1, 5/1 and 7/1 ARMs are for 90% LTV. Rates are slightly higher for 95% LTV. Maximum loan amount is $1,500,000 and is not available on all programs. No income verification programs are available. 80/20, 80/10/10 and 80/15/5 programs are also available. No Point/No Origination Fee mortgages are based on a minimum loan amount of $125,000. Conforming loan amounts are below $417,000 and Jumbo mortgages are loans over $417,000. APR calculations are based on a conforming loan amount of $200,000 and on a jumbo loan amount of $600,000.

INTEREST ONLY AVAILABLE ON ALL PROGRAMS

Please call us at 800-803-8008 for details.