And Now a Word from Jim Brown of FIRST INVESTORS, Belmont (MA)

Although the news and media keep reporting on the Fed lowering the discount
rate, the bond market took a hit yesterday along with the Fed raising concerns about inflation.

Which caused rates to increase a little more. The rates are still excellent and below 6%.

The forecast is that rates should slide back down over the quarter.

Just wanted to remind everyone aboutthe Community homebuyer programs that have
come back in play that provide for lower downpayment and easier loan qualifications. We have a program

For:
1 Unit 100% LTV
2 Unit 97% LTV
3 Unit 95% LTV
4 Unit 90% LTV
The max combined income is $108,000.00. This is a great program for first time homebuyers.

CONFORMING
30 YEAR FIXED
5.875% 0 Points
5.375% 2 Points
15 YEAR FIXED
5.25% 0 Points
4.75% 2 Point
JUMBO
30 YEAR FIXED
6.125% 0 Points
7/1 YEAR ARM
5.375% 0 Points
5.125% 1 Point
Give us a call with questions, scenerios, or pre-approvals.
Jim
Jim Brown
President
First Investors Mortgage Inc.
MB0063
24 Trapelo Road
Belmont, Ma. 02478
Work # 617-484-8383
Fax# 617-489-4976
Email: jimbrown@firstinvestorsmortgage.net