Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 23, 2011
This morning’s Conventional FIXED and ARM rate quotes are:
30 Year 4.250% (4.492% APR)
15 Year 3.375% (3.619% 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% (4.121% APR)
FHA 15 Year 3.250% (3.490% APR)
VA 30 Year 3.875% (4.121% APR)
USDA 30 Year 4.375% (4.621% 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 -3 bps from yesterday’s close (4.0% coupon now @ 103.94) and the Stock Market is up +188.23 at 11,042.88 this morning. July New Home Sales declined -0.7% to a 298K annualized market. The Treasury Department will auction $35B worth of 2 Year Notes today. Oil is $84.89per barrel and Gold is $1,883.51 per ounce.
Have a great Tuesday!
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