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MORTAGE RATES – The Trend is UP this week…

iStock_000005955840SmallMORTAGE RATES – The Trend is UP this week…

Ahead of two major economic events, mortgage rates moved higher early in the week. When there were few surprises in either the Employment report or the ECB announcement, though, mortgage rates recovered some of their losses and ended the week just a littlehigher. This was the first weekly increase in rates in six weeks. 

THIS WEEK’S RATE TREND ISUP

Loan Amounts under $417K, Shown as Note Rate/APR

Conforming 30 year fixed: 4.25% / 4.336

FHA 30 Year Fixed: 3.875% / 5.421

Conforming 5/1 ARM: 3.00% / 2.888

Conforming 7/1 ARM: 3.375% / 3.189

 

Loan Amounts over $417K up to County Limits, Shown as Note Rate/APR

High Balance Conf. 30 Year Fixed: 4.375% / 4.423

FHA High Balance 30 Year Fixed: 3.875% / 5.392

High Balance 5/1 ARM: 3.500% / 3.233

 

Loan Amounts Exceeding County Limits, Shown as Note Rate/APR

Jumbo 30 Year Fixed: 4.375% / 4.415

Jumbo 5/1 ARM:  3.25% / 3.168

Jumbo 7/1 ARM: 3.50% / 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

 

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