While the US economy continues to
show moderate growth, this week investors grew more concerned about the pace of
economic growth outside the US. As a result, they shifted assets to bonds at
the expense of stocks, which helped mortgage rates end 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% / (APR 4.185)
FHA 30 Year Fixed:
3.625% / (APR 5.146)
Conforming 5/1 ARM:
3.000% / (APR 3.156)
Conforming 7/1 ARM:
3.125% / (APR 3.114)
Loan Amounts over
$417K up to County Limits, Shown as Note Rate / (APR)
High Balance Conf. 30
Year Fixed: 4.250% / (APR 4.297)
FHA High Balance 30
Year Fixed: 3.750% / (APR 5.264)
High Balance 5/1 ARM:
3.500% / (APR 3.116)
Loan Amounts Exceeding
County Limits, Shown as Note Rate / (APR)
Jumbo 30 Year Fixed:
4.000% / (APR 4.239)
Jumbo 5/1 ARM: 3.250% / (APR 3.108)
Jumbo 7/1 ARM: 3.500% / (APR 3.253)
Jumbo 10/1 ARM: 3.750% / (APR 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
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
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.
