Daily Rate Blast - Mortgage Interest Rates Medford, Oregon - May 10, 2011

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

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.





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 $32B worth of 3 Year Notes today. Oil is $103.18 per barrel and Gold is $1,515.18 per ounce.


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Karen Burket

Valley Mortgage Grou, Conventional, FHA, VA, mortgages
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