The main story this week was the important monthly Employment report, which showed that wage inflation remains low. The European Central Bank (ECB) made no change in policy and had little impact on US markets. After a quiet four days, Friday’s Employment data caused mortgage rates to improve and end 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: 4.000/4.060
FHA 30 Year Fixed: 3.625/5.146
Conforming 5/1 ARM: 3.125/2.988
Conforming 7/1 ARM: 3.250/3.172
Loan Amounts over $417K up to County Limits, Shown as Note Rate/APR
High Balance Conf. 30 Year Fixed: 4.125/4.172
FHA High Balance 30 Year Fixed: 3.750/5.264
High Balance 5/1 ARM: 3.500/3.116
Loan Amounts Exceeding County Limits, Shown as Note Rate/APR
Jumbo 30 Year Fixed: 4.000/4.039
Jumbo 5/1 ARM: 3.125/3.068
Jumbo 7/1 ARM: 3.500/3.253
Jumbo 10/1 ARM: 4.000/3.638
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
FHA
Santa Barbara: $625,500
Ventura: $598,000
San Diego: $546,250
LA/Orange: $625,500
Kelly Marsh
Branch Manager
805-563-1100 ext. 106
