Daily Rate Blast - Medford Oregon Mortgage Interest Rates - July 5, 2011

Daily Rate Blast - Medford Oregon Mortgage Interest Rates - July 5, 2011

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

30 Year                                                 4.750%   (4.991% APR)                                               

15 Year                                                 3.875%   (4.122% APR)

5/1 ARM                                              3.250%   (3.489% APR)

3/1 ARM                                              3.250%   (3.489% 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%   (5.120% 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 +29 bps from Friday’s close (4.0% coupon now @ 100.13 and the Stock Market is down -8.06 at 12,574.71 this morning. May Factory Orders up +0.8%, just below expectations. Oil is $96.46 per barrel and Gold is $1,509.66 per ounce.