by Kelly Marsh, Broadview Mortgage
A wide range of stronger than
expected economic data pressured mortgage rates during most of this week. A
surprise announcement from the European Central Bank (ECB) and a shortfall in
the US Employment report helped offset the other data, however, mortgage rates
ended the week flat.
THIS WEEK'S RATE TREND IS FLAT
Loan Amounts under
$417K, Shown as Note Rate / (APR)
Conforming 30 year
fixed: 4.125% / (APR 4.210)
FHA 30 Year Fixed:
3.750% / (APR 5.265)
Conforming 5/1 ARM:
2.875% / (APR 3.044)
Conforming 7/1 ARM:
3.250% / (APR 3.259)
Loan Amounts over
$417K up to County Limits, Shown as Note Rate / (APR)
High Balance Conf. 30
Year Fixed: 4.250% / (APR 4.323%)
FHA High Balance 30
Year Fixed: 3.875% / (APR 5.492)
High Balance 5/1 ARM:
3.375% / (APR 3.089)
Loan Amounts Exceeding
County Limits, Shown as Note Rate / (APR)
Jumbo 30 Year Fixed:
4.000% / (APR 4.110%)
Jumbo 5/1 ARM: 2.875% / (APR 3.044%)
Jumbo 7/1 ARM: 3.250% / (APR 3.189)
Jumbo 10/1 ARM: 3.625% / (APR 3.459)
Loan Limit Snapshot
Conforming
All Counties: $417,000
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
805-563-1100 ext. 106
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