May 30, 2014
Kelly Marsh, Broadview Mortgage
It was a volatile holiday-shortened
week. Mixed US economic data was roughly neutral for mortgage rates.
Anticipation of additional stimulus from the European Central Bank (ECB)
was favorable, however, and 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: 4.125/4.240
FHA 30 Year Fixed:
3.750/5.268
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: 4.250/4.290
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
Kelly Marsh
Branch Manager
We can pre-approve
your client, help them fix credit scores and get them on the path to
homeownership. Let us know how we can assist your clients.
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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