Sunday, December 7, 2014

Weekly Mortgage Rate Update

Stronger than expected US economic data was negative for mortgage rates this week. Bond friendly comments from the European Central Bank (ECB) helped limit the losses, however. Mortgage rates ended higher, reversing the nice improvement in rates seen during Thanksgiving week. 
High Balance Conforming


THIS WEEK'S RATE TREND IS UP
Loan Amounts under $417K, Shown as Note Rate/APR
Conforming 30 year fixed: 4.125/4.185
FHA 30 Year Fixed: 3.625/4.681
Conforming 5/1 ARM: 3.125/2.988
Conforming 7/1 ARM: 3.375/3.231

Loan Amounts over $417K up to County Limits, Shown as Note Rate/APR
High Balance Conf. 30 Year Fixed: 4.250/4.297
FHA High Balance 30 Year Fixed: 3.750/5.264
High Balance 5/1 ARM: 3.625/3.160

Loan Amounts Exceeding County Limits, Shown as Note Rate/APR
Jumbo 30 Year Fixed: 4.125      /4.165
Jumbo 5/1 ARM:  3.250/3.108
Jumbo 7/1 ARM: 3.500/3.253
Jumbo 10/1 ARM: 3.750/3.428

Loan Limit Snapshot

Conforming
All Counties: $417,000

Santa Barbara: $625,500
Ventura: $598,000
San Diego: $546,250
LA/Orange: $625,500
FHA
Santa Barbara: $625,500
Ventura: $598,000
San Diego: $546,250
LA/Orange: $625,500

Kelly Marsh
Branch Manager



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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