June 20, 2014
Kelly Marsh, Broadview Mortgage
Inflation concerns were the main
influence on mortgage rates this week. A surprising jump in CPI caused
mortgage rates to rise on Tuesday. The Fed downplayed the threat of high
inflation on Wednesday, however, causing mortgage rates to decline. The net
result was that mortgage rates finished 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% / 4.336
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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