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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