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Daily Rate Blast - Mortgage Interest Rates Medford, Oregon - May 10, 2011
This morning's Conventional FIXED and ARM rate quotes are:
30 Year 4.625% (4.739% APR)
15 Year 3.875% (4.122% APR)
5/1 ARM 3.125% (3.368% APR)
3/1 ARM 3.125% (3.368% 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 4.750% (4.991% 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 -9 bps from yesterday's close (4.0% coupon now @ 100.38) and the Stock Market is up +52.90 at 12,737.58 this morning. March Wholesale Inventories reported up +1.1%, just above expectations. The Treasury Department will auction ... more
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