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Dear Frank,    Cromford Reports: October 29th - It is quieter out there. We saw pending listings start to move sharply lower from July onwards this year. It was not until October that the monthly sales rate made a corresponding move downwards. However once pending sales move lower it is only a matter of time before sales follow suit and this matter of time appear to be about three months. On October 28 the monthly sales rate (i.e. for September 28 through October 27) stands at just 5,095. We have not seen a sales number this low since February 19. 2009. On the same date last year the figure was 6,684, so the decline in sales is 24%. Despite prices being higher by almost 19%, dollar volume is down year over year by 9%. At some point this swoon will cease and the first indication will be a recovery in pending listings. It may take up to three months for sales to follow suit, so this implies that a sales recovery is unlikely before February 2014. Please let me know if you need a Pre-qualification form for your buyers. I'll be sure to fax or email one to you asap. Purchase & Refinance Rates CONVENTIONAL LOANS* RATES POINTS ORIGINATION APR 30 Year Fixed 4.250 0 0 4.314 15 Year Fixed 3.500 0 0 3.561 7 Year ARM 3.500 0 0 3.561 5 Year ARM 3.375 0 0 3.438 ARM pricing is based on 25% down. This is not a commitment to lend. Restrictions apply. All rights reserved FHA Financing 96.5% FHA LOAN** RATES POINTS ORIGINATION FHA APR Includes Upfront MI FHA 30 Year Fixed 3.75 0 0 5.298 This is not a commitment to lend. Restrictions apply. All rights reserved Jumbo Loans JUMBO LOANS**** RATES POINTS ORIGINATION APR Call or email for details on loans > $1 million 30 Year Fixed (to $million) 4.875 0 0 942 15 Year Fixed (to $million) 4.125 0 0 4.189 10 Year ARM (to $million) 4.500 0 0 4.565 5/1 Year ARM (to $million) 3.500 0 0 3.561 This is not a commitment to lend. Restrictions apply. All rights reserved Seasoning Requirements for Conventional Loans Seasoning Requirements for FHA Loans Chapter 7 4 years Chapter 7 2 years Chapter 13 2 years Chapter 13 1 years Foreclosure 7 years Foreclosure 3 years Short Sale 2 years Short Sale 3 years NOTE: To find out interest rates with different point structures, please call or email me.     OTHER LOAN PROGRAMS: 1-VA & FHA loans 2- Investor Loans...call or email me for interest rates 3- Jumbo loans 30 DAY LOCKS ON ALL POSTED RATES *Conforming Loan up to $417,000 **FHA Loan Limit for Maricopa & Pinal County is $346,250 **USDA loan limit is $417,000 ****JUMBO loan amounts >$417,000   Note: All rates are based on Owner Occupied status. Please contact me for Investor rates.    For information on other programs please contact me. Thank you. Please let me know if you need anything! Sincerely, Eddie Knoell -Vice President- Signature Home Loans LLC Office: 602-248-4200 Mobile: 602-677-3105 Fax: 602-680-5184 Email: eddie@eddiemortgage.com Apply Online: www.EddieMortgage.com NMLS# 210917   -Equal Housing Opportunity-