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MORTGAGE RATES – The Trend is UP this Week

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Reduced concerns about the conflict in Ukraine caused investors to shift back to riskier assets early this week, reversing much of the improvement in rates from the prior week. Stronger than expected housing data and slightly more hawkish comments from Fed officials also were negative for mortgage rates. As a result, 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: 4.125% / (APR 4.210)

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

Conforming 5/1 ARM: 2.875% / (APR 3.044)

Conforming 7/1 ARM: 3.250%/ (APR 3.259)

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

High Balance Conf. 30 Year Fixed: 4.250% / (APR 4.323%)

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

High Balance 5/1 ARM: 3.375% / (APR 3.089)

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

Jumbo 30 Year Fixed: 4.000% / (APR 4.110%)

Jumbo 5/1 ARM:  2.875% / (APR 3.044%)

Jumbo 7/1 ARM: 3.3750% / (APR 3.189)

Jumbo 10/1 ARM: 3.625% / (APR 3.459)

 

~ 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 Branch Manager at BROADVIEW MORTGAGE SANTA BARBARA

805-563-1100 ext. 106

[email protected]

  

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