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Daily Rate Blast - Medford Oregon Mortgage Interest Rates - June 14, 2011

By
Mortgage and Lending with Bank of Oregon a division of Willamette Valley Bank

 

 

Daily Rate Blast - Medford Oregon Mortgage Interest Rates - June 14, 2011

 

This morning’s Conventional FIXED and ARM rate quotes are:                            

 

30 Year                                                 4.625%   (4.871% APR)                                               

15 Year                                                 3.875%   (4.122% APR)

5/1 ARM                                              3.125%   (3.369% APR)

3/1 ARM                                              3.250%   (3.495% 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 down -44 bps from yesterday’s close (4.0% coupon now @ 100.34) and the Stock Market is up +122.76 at 12,075.73 this morning. May PPI reported up +0.2%, YOY is +2.1% ex-food and energy. May Retail Sales down -0.2%, ex-Autos were up +0.3%. April Business Inventories up +0.8%. Oil is $98.11 per barrel and Gold is $1,520.84 per ounce.