The truth about Mortgage Banking Interest Rates - compared to retail

The Truth behind a Mortgage Bank- low rates! Rate Sheet as of 1/14/2015   Today's Rates from Nathan Loan Description 30yr Fxd Conf 20% Dn VA 30 Year Fxd FHA 30 Year Fxd 5/1 ARM Conf 20% Dn 7/1 ARM Jumbo 20% Dn Rate 3.750% 3.250% 3.250% 3.000% 3.375% APR 3.912% 3.474% 4.451% 3.079% 3.020%     Yesterday while working at a Builder sales office the sales representative said that everyone with great credit seems to picks up the Wells Fargo business cards and everyone that may have some challenges picks up our cards.  I asked him why - and he said that "Wells has better rates".   Wow, I was shocked! - This is something I quickly helped him out with and I showed him our pricing.  Yes, our pricing is better then Wells.  Why?  Because Wells isn't the lowest rate lender right now, Chase is.  And we offer Chase.  We are a Mortgage Banker that offers loans through Wells, Chase, Citi, US Bank, Ditech, etc.. the list goes on.  Point is - we are the best option for A Paper buyers and we are a great option for other buyers with some challenges.  As the Builder Division Lender my rates are extremely competitive - please keep this in mind.       Nathan Nelson Loan Officer NMLS#247654 Cell 925-623-1019 Fax 844-387-8141     nnelson@mmcdcorp.com www.mmcdcorp.com Your Financial Security Begins at Home Mason-McDuffie Mortgage 2010 Crow Canyon Place Suite 400 San Ramon CA 94583 Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act NMLS# 1141. Information provided is solely for use by licensed real estate agents or builders and is not for consumer use or distribution. Rates and APR are accurate as of date shown above and subject to change without notice. APR based on $150,000 conforming and $600,000 jumbo loan amounts for FHA, VA and 80%.