Kelly Marsh, Broadview Mortgage
June 15, 2014
Mortgage rates were influenced by a
wide range of factors this week, resulting in a good deal of volatility.
Violence in Iraq, comments from the Bank of England, divergent US Treasury auction
results, and mixed US economic data all had an impact this week. Overall, the
unfavorable news slightly outweighed the favorable, and mortgage rates ended
the week a little higher.
THIS WEEK'S RATE TREND IS UP
Loan Amounts under
$417K, Shown as Note Rate/APR
Conforming 30 year
fixed: 4.250% / 4.336
FHA 30 Year Fixed:
3.875% / 5.438
Conforming 5/1 ARM:
3.250% / 3.154
Conforming 7/1 ARM:
3.625% / 3.359
Loan Amounts over
$417K up to County Limits, Shown as Note Rate/APR
High Balance Conf. 30
Year Fixed: 4.375% / 4.323
FHA High Balance 30
Year Fixed: 3.875% / 5.392
High Balance 5/1 ARM:
3.50% / 3.160
Loan Amounts Exceeding
County Limits, Shown as Note Rate/APR
Jumbo 30 Year Fixed:
4.250% / 4.415
Jumbo 5/1 ARM: 3.250% / 3.168
Jumbo 7/1 ARM: 3.625% / 3.305
Jumbo 10/1 ARM: 3.875% / 3.638
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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