MORTAGE 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 little higher. This was the first weekly increase in rates in six weeks.
THIS WEEK’S RATE TREND IS UP
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