by Kelly Marsh
Broadview Mortgage
Friday, May 23, 2014
Investors viewed the news from the
Fed this week as favorable for mortgage rates. A very light batch of
economic data contained no major surprises and had little impact. As a result,
mortgage rates ended the week a little lower.
THIS WEEK'S RATE TREND IS DOWN
Loan Amounts under
$417K, Shown as Note Rate/APR
Conforming 30 year
fixed: 4.250/4.310
FHA 30 Year Fixed:
3.875/5.438
Conforming 5/1 ARM:
3.125/2.988
Conforming 7/1 ARM:
3.500/3.289
Loan Amounts over
$417K up to County Limits, Shown as Note Rate/APR
High Balance Conf. 30
Year Fixed: 4.375/4.423
FHA High Balance 30
Year Fixed: 3.750/5.264
High Balance 5/1 ARM:
3.500/3.233
Loan Amounts Exceeding
County Limits, Shown as Note Rate/APR
Jumbo 30 Year Fixed:
4.25/4.415
Jumbo 5/1 ARM: 3.250/3.108
Jumbo 7/1 ARM: 3.500/3.253
Jumbo 10/1 ARM: 3.875/3.559
Loan Limit Snapshot
Conforming
All Counties: $417,000
High Balance Conforming
Santa Barbara:
$625,500
Ventura: $598,000
San Diego: $546,250
LA/Orange: $625,500
High Balance FHA
Santa Barbara:
$625,500
Ventura: $598,000
San Diego: $546,250
LA/Orange: $625,500
Licensed by the
Department of Corporations under the California Residential Act License
#813G136. Subject to applicant and property qualification and
availability of funds. Subject to change without notice. Rates and terms apply
only to subject programs. Unless otherwise noted, rates shown are based on the
purchase of a primary residence with one point loan origination. Rates vary by
situation, so please call for a personalized rate quote. This is intended
to be informational to the real estate industry only and is not to be used with
respect to an individual consumer who may be seeking mortgage credit, as
certain information is not included, such as the APR. Registered with the
Nationwide Mortgage Licensing System and registry, NMLS #245822.
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