Daily Rate Blast - Medford Oregon Mortgage Interest Rates - July 7, 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 down -18 bps from yesterday’s close (4.0% coupon now @ 99.88) and the Stock Market is up +90.75 at 12,716.77 this morning. ADP Non-Farm Payrolls increased +157K, twice expectations. Initial Weekly Jobless Claims declined -10K to 418K. Oil is $99.07 per barrel and Gold is $1,528.08 per ounce.
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