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Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 12, 2011

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

Daily Rate blast - Medford Oregon Mortgage Interest Rates - August 12, 2011


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

30 Year                                                 4.125%   (4.368% APR)                                               

15 Year                                                 3.375%   (3.621% 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                                        3.875%   (4.119% APR)                                               

FHA 15 Year                                        3.250%   (3.490% APR)

VA 30 Year                                          3.750%   (3.992% APR)

USDA 30 Year                                     4.250%  (4.491% 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 +47 bps from yesterday’s close (4.0% coupon now @ 104.31) and the Stock Market is up +167.34 at 11,310.65 this morning. July Retail Sales improved +0.5%. June Business Inventories climbed +0.3%, below expectations. Oil is $86.11per barrel and Gold is $1,730.86 per ounce, briefly eclipsing $1,800 yesterday.

 

Have a great weekend!       

 

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