Daily Rate Blast - Medford Oregon Mortgage Interest Rates - May 27, 2011
This morning’s Conventional FIXED and ARM rate quotes are: 30 Year 4.625% (4.868% APR) 15 Year 3.875% (4.119% APR) 5/1 ARM 3.250% (3.491% APR) 3/1 ARM 3.250% (3.491% APR) *These rates are available for an 80% LTV purchase or rate/term refinance transaction with a 740+ FICO score and loan amount between $125,000 - $417,000 based upon a 1% Origination Fee and 30 day lock using Approved Lenders. This morning’s Government FIXED rate quotes are: FHA 30 Year 4.250% (4.491% APR) FHA 15 Year 3.750% (3.992% APR) VA 30 Year 4.250% (4.491% APR) USDA 30 Year 4.875% (5.122% APR) *These rates are available for a 96.5% LTV purchase (FHA), 100% LTV purchase (VA) or up to 103.63% LTV purchase (USDA) transaction with a 680+ FICO score and loan amount between $125,000 - $417,000 based upon a 1% Origination Fee and 30 day lock using Approved Lenders. MARKET COMMENTS: Mortgage Backed Securities are down -12 bps from yesterday’s close (4.0% coupon now @ 100.72) and the Stock Market up +76.70 at 12,479.46 this morning. April Pending Home Sales plummeted -11.6%, down -26.5% from April 2010. NAR blames “tight” underwriting. April Personal Income and Spending both up +0.4%. Oil is $100.62 per barrel and Gold is $1,533.74 per ounce. Have a great Memorial 3-Day weekend!
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