Mortgage rates experienced many
sharp movements this week. News about Greece and the Fed Minutes produced
surprisingly large reactions, while the economic data had little impact. The
net result was a small increase in mortgage rates.
THIS WEEK'S RATE TREND IS UP
Loan Amounts under
$417K, Shown as Note Rate/APR
Conforming 30 year
fixed: 4.000/4.060
FHA 30 Year Fixed:
3.625/5.146
Conforming 5/1 ARM:
3.000/3.056
Conforming 7/1 ARM:
3.125/3.114
Loan Amounts over
$417K up to County Limits, Shown as Note Rate/APR
High Balance Conf. 30
Year Fixed: 4.125/4.172
FHA High Balance 30
Year Fixed: 3.875/5.392
High Balance 5/1 ARM:
3.500/3.116
Loan Amounts Exceeding
County Limits, Shown as Note Rate/APR
Jumbo 30 Year Fixed:
3.875 /3.914
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
High Balance Conforming
Santa Barbara:
$625,500
Ventura: $603,750
San Diego: $546,350
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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