17-28: Update to the BE Rate Sheet Interest Rate Structure
PennyMac is pleased to announce the addition of the 4.060% interest rate for Conventional 25/30 Year Fixed products onto the Best Effort rate sheet. Commencing with Best Effort rate sheet publication on Thursday, August 24, 2017, the 4.060% interest rate will appear in between the 4.000% and 4.125% note rates, and the 5.250% note rate will no longer appear on the rate sheet for Conventional 25/30 Year Fixed Products only. The following Best Effort grids will be impacted by this shift in published interest rates:
Updated Product Grids
Complete sample rate sheet(s) will be posted to the PennyMac Portal after 6:00 PM (PST) on Tuesday, August 22nd, 2017. Sample rate sheet(s) will be available for download shortly after the standard rate sheet email notification is sent from ‘PennyMac Correspondent Pricing’ <Send email to ["donotreply"]. >.
Note: Sample rate sheet(s) posted to the Portal after 6:00 PM (PST) are intended only to communicate the rate sheet changes as described above. Loan program base pricing will be blank. Rate sheets posted the following morning will be effective for new commitments.
Please contact your Sales Representative with any questions.