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MORTGAGE RATES – Last Week the Trend is DOWN


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.


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



All Counties: $417,000

High Balance Conforming

Santa Barbara: $625,500

Ventura: $598,000

San Diego: $546,250

LA/Orange: $625,500


Santa Barbara: $625,500

Ventura: $598,000

San Diego: $546,250

LA/Orange: $625,500


Kelly Marsh

Branch Manager

805-563-1100 ext. 106

[email protected]






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