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California Weekly Rate Update: 03/28/11

By Rob Spinosa

Mortgage and Lending with US Bank NMLS: 22343

March 28, 2011 05:58 AM

Below are today's interest rates for RPM's loan programs. For specific pricing on your scenario, and to get pre-approved without cost or obligation for any of these loan products below, simply call or reply to this message.

Access The Mortgage Dictionary on YouTube to view short videos that define and explain the most important terms and concepts in home financing.

All pricing below is at 0 points unless otherwise noted:

Conforming Loans (up to $417,000)

30-Year Fixed

Rate: 4.875%

APR: 4.899%

15-Year Fixed

Rate: 4.125%

APR: 4.159%

7/1 ARM

Rate: 3.750%

APR: 3.906%

5/1 ARM

Rate: 3.250%

APR: 3.442%

FHA 30-Year Fixed (96.5% Financing)

FHA 30-Year Fixed

Rate: 4.750%

APR: 5.067%

Agency Jumbo Loans (max amounts per County limits)

30-Year Fixed

Rate: 5.000%

APR: 5.024%

15-Year Fixed

Rate: 4.375%

APR: 4.409%

5/1 ARM

Rate: 3.625%

APR: 3.796%

Traditional Jumbo Loans (Everything above $729,750)

30-Year Fixed

Rate: 5.625%

APR: 5.649%

15-Year Fixed

Rate: 5.375%

APR: 5.409%

10/1 ARM

Rate: 5.000%
APR: 5.183%

5/1 ARM
Rate: 4.500%
APR: 4.708%

Assumptions

*30 day rate lock.
*Debt ratio less than 45%.
*Fully documented income.
*FICO score of 760 or greater.
*Loan-to-value of 70% or less.
*Primary home, PURCHASE TRANSACTION.
*Other programs available upon request, just ask!