Daily Rate Blast - Medford Oregon Mortgage Interest Rates - July 8, 2011

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

Daily Rate Blast - Medford Oregon Mortgage Interest Rates - July 8, 2011

 

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

30 Year                                                 4.750%   (4.991% APR)                                               

15 Year                                                 3.875%   (4.122% APR)

5/1 ARM                                              3.250%   (3.489% APR)

3/1 ARM                                              3.250%   (3.489% 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                                     4.875%   (5.120% 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 up +78  bps from yesterday’s close (4.0% coupon now @ 100.59) and the Stock Market is down -114.58 at 12,604.83 this morning. June Non-Farm Payrolls increased +18K, below expectations by -82K. Unemployment rose to 9.2%. Oil is $96.19 per barrel and Gold is $1,541.43 per ounce.

 

Have a great weekend!       

 

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Rainmaker
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Pat Champion
Coldwell Banker Camelot Realty - Mount Dora, FL
Call the "CHAMPION" for all your real estate needs

Wow it is good to see buyer's are still able to take advantage of some awesome rates. Thanks for sharing the update.

Jul 08, 2011 07:46 AM #1
Rainer
143,052
Karen Burket
Bank of Oregon a division of Willamette Valley Bank - Medford, OR
Valley Mortgage Grou, Conventional, FHA, VA, mortgages

Thank you Pat!  Your kind comments are most appreciated!  Have a terrific weekend! 

Jul 08, 2011 10:02 AM #2
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Rainer
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Karen Burket

Valley Mortgage Grou, Conventional, FHA, VA, mortgages
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