St Louis Best Mortgage Rates June 09, 2008

5yr Arm/apr | 5.625% /5.725%

5yr Arm/apr | 5.125% /5.325%

3/1 Jumbo /apr | 5.750% /5.850%

Rates and Loan Programs are extremely volatile.  It is important to understand all of your loan options and how they will impact your overall financial portfolio.  30 Year Fixed Mortgages with no points today are at 6.375% depending on your ability to qualify.  There is a lot of media hype about Adjustable Rate Mortgages.  Most Adjustable Rate Mortgages will Adjust LOWER than Market Rates!  Adjustable Rate Mortgages are mostly a 2.25-2.75% margin above the Libor or Treasury Index.  The 12 Month Libor Index is right about 3% today.  If your current ARM adjusted 2.25% above the Libor Index then your new rate would be 5.25% for the next 12 months.  You need to know your options and work with an expert.   Learn more by folling the links to St. Louis Mortgage Rates and Mortgage Rates Predictions.

Chris Grau provides daily Mortgage Rates Predictions for Free at www.grauteam.com.

The StL Cardinals Schedule is available for visitors of www.IBuyStL.com below:

StL Cardinals

Today in the StL I believe new home buyers should be able to access the MLS for FREE.  St. Louis Missouri has a number of Real Estate professionals that are not giving their clients an exclusive platform to search for all of the real estate for sale in St. Louis.  IBuyStL.com will become one of the easiest ways to search for Real Estate in StL and access the information StL consumers want.

The NAR has reported that the Pending Home Sales Index is showing a decline of 1.9%.  The Index looks at pending contracts signed in February.  This is a good indicator of the amount of homes that would have sold in March.  The Index was 84.6 down from 86.2 in January.

The chief economist, Lawrence Yun, believes that “we’re looking for essentially stable sales in the near term, before higher mortgage loan limits translate into more sales in high-cost markets.  The wide access to affordable credit should increase sales activity notable this summer as pent-up demand begins to be met.” 

The NAR’s report also predicts Existing Home Sales to be weak in 08 [5.39M], but improve 6.6% [5.74M] in 2009.  They continue predicting New Home Sales to decline 25.7% [576,000] in 08 and pick up 4.6% [602,000] in 2009.  The NAR’s mortgage rates predictions are for 30 fixed to average 5.8% Q2 and Q3 08 and increase to 6.3% into 2009.

The MLS Search Results are displayed in a simple visually appealing page.  There are no distractions.  The results will be displayed with a mouse-over with simple property details on a high resolution map.

Below the map is basic information about other properties.

In order to find detailed results, a click of your mouse delivers complete information.

Once you have identified a few key locations or specific search results, you can save the search.  With your Free Membership to IbuyStl.com you will have your own account.  You can be notified immediately when new homes that meet your search criteria are put on the market. 

IBuyStL will give you a forum to comfortable search for your next home with direct MLS access.  Besides the MLS search, we also are a forum for “For Sale by Owner” properties, for investors to promote potential non-MLS properties, for Real Estate agents to promote their luxury homes, and a place for your questions to be answered by the experts.