It was a volatile holiday-shortened week. Mixed US economic data was roughly neutral for mortgage rates. Anticipation of additional stimulus from the European Central Bank (ECB) was favorable, however, and mortgage rates ended the week a little lower.
THIS WEEK’S RATE TREND IS DOWN
Loan Amounts under $417K, Shown as Note Rate/APR
Conforming 30 year fixed: 4.125/4.240
FHA 30 Year Fixed: 3.750/5.268
Conforming 5/1 ARM: 3.125/2.988
Conforming 7/1 ARM: 3.500/3.289
Loan Amounts over $417K up to County Limits, Shown as Note Rate/APR
High Balance Conf. 30 Year Fixed: 4.250/4.290
FHA High Balance 30 Year Fixed: 3.750/5.264
High Balance 5/1 ARM: 3.500/3.233
Loan Amounts Exceeding County Limits, Shown as Note Rate/APR
Jumbo 30 Year Fixed: 4.25/4.415
Jumbo 5/1 ARM: 3.250/3.108
Jumbo 7/1 ARM: 3.500/3.253
Jumbo 10/1 ARM: 3.875/3.559
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