Daily Rate Blast - Medford Oregon Mortgage Interest Rates - June 1, 2011
This morning’s Conventional FIXED and ARM rate quotes are: 30 Year 4.500% (4.742% APR) 15 Year 3.750% (3.993% APR) 5/1 ARM 3.125% (3.369% APR) 3/1 ARM 3.125% (3.369% 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 4.625% (4.870% 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 up +56 bps from yesterday’s close (4.0% coupon now @ 101.22) and the Stock Market is down -150.87 at 12,418.92 this morning. May ADP Jobs Report disappointed at +38K, off 137K from target. May ISM Manufacturing Index dropped from 60.4 to 53.4. April Construction Spending rose +0.4%. You can almost see QE3 on the horizon. Oil is $101.98 per barrel and Gold is $1,548.74 per ounce.
Comments(0)