Daily Rate Blast - Mortgage Interest Rates - Medford Oregon - May 9, 2011

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

Daily Rate Blast - Mortgage Interest Rates - Medford Oregon - May 9, 2011

 

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

30 Year                                                 4.750%   (4.998% APR)                                               

15 Year                                                 3.875%   (4.122% APR)

5/1 ARM                                              3.250%   (3.446% APR)

3/1 ARM                                              3.250%   (3.446% 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                                        4.500%   (4.739% APR)                                               

FHA 15 Year                                        3.750%   (3.992% APR)

VA 30 Year                                          4.500%   (4.739% APR)

USDA 30 Year                                     4.875%   (5.122% 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 flat with Friday’s close (4.0% coupon now @ 100.41, switch from 4.5% coupon) and the Stock Market is up +72.65 at 12,711.39 this morning. No economic reports today however, the WSJ had this article today on the front page - http://online.wsj.com/article/SB10001424052748704810504576309532810406782.html?mod=WSJ_hp_LEFTTopStories  Oil is $100.59 per barrel and Gold is $1,508.08 per ounce. 

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Karen Burket

Valley Mortgage Grou, Conventional, FHA, VA, mortgages
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