1 Compute alpha (Î±): Î± = 1 - (confidence level / 100). 2  Find the critical probability (p*): p* = 1 - Î±/2. 3  To express the critical value as a z score, find the z score having a cumulative probability equal to the critical probability (p*). Compute alpha (Î±): Î± = 1 - (confidence level / 100). 2  Find the critical probability (p*): p* = 1 - Î±/2. 3  To express the critical value as a z score, find the z score having a cumulative probability equal to the critical probability (p*).
The 10% minimum down payment on jumbo loans program is becoming increasing popular and gives qualified homebuyers with limited down payment sources an opportunity to purchase higher end homes. The maximum loan size on the 10% minimum down payment on jumbo loans program is capped to a loan size of $750,000.
For the purposes of Bankrate's survey, a jumbo mortgage is a loan that is at least $650,000. The average 5/1 adjustable-rate mortgage increased 3 basis points to 3.04%. With a 5/1 ARM, the rate is fixed for five years and adjusted annually thereafter. Mortgage applications rose 7.1% from last week, according to the Mortgage Bankers Association's weekly survey.