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MORTGAGE RATES – The Trend is UP this week…..

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Mortgage rates were influenced by a wide range of factors this week, resulting in a good deal of volatility. Violence in Iraq, comments from the Bank of England, divergent US Treasury auction results, and mixed US economic data all had an impact this week. Overall, the unfavorable news slightly outweighed the favorable, and mortgage rates ended the week a little higher

THIS WEEK’S RATE TREND ISUP

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

Conforming 30 year fixed: 4.250% / 4.336

FHA 30 Year Fixed: 3.875% / 5.438

Conforming 5/1 ARM: 3.250% / 3.154

Conforming 7/1 ARM: 3.625% / 3.359

 

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

High Balance Conf. 30 Year Fixed: 4.375% / 4.323

FHA High Balance 30 Year Fixed: 3.875% / 5.392

High Balance 5/1 ARM: 3.50% / 3.160

 

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

Jumbo 30 Year Fixed: 4.250% / 4.415

Jumbo 5/1 ARM:  3.250% / 3.168

Jumbo 7/1 ARM: 3.625% / 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

 

***Courtesy of Kelly Marsh at Broadview Mortgage 

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