Daily Rate Blast - Medford Oregon Mortgage Interest Rates - July 13, 2011

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

Daily Rate Blast - Medford Oregon Mortgage Interest Rates - July 13, 2011

 

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

30 Year                                                 4.625%   (4.870% APR)                                               

15 Year                                                 3.750%   (3.994% APR)

5/1 ARM                                              3.125%   (3.368% 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                                     4.750%   (4.989% 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 -13 bps yesterday’s close (4.0% coupon now @ 100.72 after -28 bps monthly coupon rollover) and the Stock Market is up +148.34 at 12,595.22 this morning. June Export Prices remained unchanged from May. Bernanke Semi-Annual testimony on Capital Hill. Opened the door for QE3. The Treasury Department will auction $21B worth of 10 Year Notes today. Oil is $98.81 per barrel and Gold is $1,584.54 per ounce. 

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Karen Burket

Valley Mortgage Grou, Conventional, FHA, VA, mortgages
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