Rates are so low, it's like the US is having a going out of business sale!  

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

30 Year                                                 4.000%   (4.239% APR)                                               

15 Year                                                 3.250%   (3.489% APR)

5/1 ARM                                              3.125%   (3.373% APR)

3/1 ARM                                              3.125%   (3.373% 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                                        3.750%   (3.992% APR)                                               

FHA 15 Year                                        3.250%   (3.490% APR)

VA 30 Year                                          3.750%   (3.992% APR)

USDA 30 Year                                     4.125%  (4.369% 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 +53 bps from yesterday’s close (4.0% coupon now @ 104.53) and the Stock Market is down -379.14 at 10,860.63 this morning. June Wholesale Inventories rose +0.6%. FOMC Policy Statement yesterday indicated low rates into 2013. The Treasury Department will be auctioning $24B worth of 10 Year Notes today. Oil is $80.21per barrel and Gold is $1,779.55 per ounce, another new high. 

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2 Comments on Money for sale!!!!

AUG
12
2011
Attended Rain Camp

These rates are GREAT !
12:24am • #1
142,195 Points 7 Featured Posts Called Shot Master

Got that right, Marguerite!  Have a great day and thanks for the visit!
12:29pm • #2


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Karen Burket-Valley Mortgage Grou Conventional, FHA, VA, mortgages

Medford, OR

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Bank of Oregon a division of Willamette Valley Bank

Address: Medford, Central Point, Eagle Point, White City, Rogue River, Grants Pass, Klamath Falls, Jacksonville,, Medford, OR, 97504

Office Phone: (541) 842-5605

Cell Phone: (541) 890-3262

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You can find great local Medford, OR real estate information on Localism.com Karen Burket-Bank of Oregon Home Loans Conventional, FHA, VA, mortgages is a proud member of the ActiveRain Real Estate Network, a free online community to help real estate professionals grow their business.
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