Daily Rate Blast - Medford Oregon Mortgage Interest Rates - July 29, 2011
This morning’s Conventional FIXED and ARM rate quotes are:
30 Year 4.625% (4.870% APR)
15 Year 3.750% (3.991% 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 3.500% (3.738% 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 up +41 bps from yesterday’s close (4.0% coupon now @ 100.72) and the Stock Market is up +32.39 at 12,334.94 this morning. Initial Weekly Jobless Claims declined -28K to 398K, first time under 400K in 16 weeks. June Pending Home Sales rose +2.4%, YOY at +19.8%. The Treasury Department will auction $29B worth of 7 Year Notes today. Oil is $97.56 per barrel and Gold is $1,614.82 per ounce.
Have a great Thursday!
