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Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 1, 2011

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

Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 1, 2011


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

  

30 Year                                                 4.500%   (4.739% 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                                     4.625%   (4.867% 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 +32 bps from Friday’s close (4.0% coupon now @ 101.91) and the Stock Market is down -129.04 at 12,014.20 this morning. The Debt Ceiling Issue is all but approved. June Construction Spending up +0.2%. July ISM Manufacturing Index dropped to 50.9, from 55.3. Oil is $97.06per barrel and Gold is $1,623.90 per ounce.

 

 

 

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