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MORTGAGE RATES – The Trend is UP this Week

iStock_000005955840SmallGeopolitical events were the primary influence on mortgage rates again this week, while the economic data had little impact. After a quiet weekend, investors were willing to take on a little more risk early in the week. Shocking news on two fronts caused an abrupt reversal on Thursday, however, and mortgage rates ended the week just slightly higher. 

THIS WEEK’S RATE TREND ISUP

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

Conforming 30 year fixed: 4.250% / (APR 4.310)

FHA 30 Year Fixed: 3.750% / (APR 5.265)

Conforming 5/1 ARM: 3.000% / (APR 3.044)

Conforming 7/1 ARM: 3.500%/ (APR 3.359)

 

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

High Balance Conf. 30 Year Fixed: 4.375% / (APR 4.523%)

FHA High Balance 30 Year Fixed: 3.875% / (APR 5.492)

High Balance 5/1 ARM: 3.500% / (APR 3.189)

 

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

Jumbo 30 Year Fixed: 4.1250% / (APR 4.210%)

Jumbo 5/1 ARM:  3.000% / (APR 3.044%)

Jumbo 7/1 ARM: 3.500% / (APR 3.289)

Jumbo 10/1 ARM: 3.750% / (APR 3.559)

 

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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***Courtesy of Kelly Marsh & Broadview Mortage

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