Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 2, 2011
This morning’s Conventional FIXED and ARM rate quotes are:
30 Year 4.375% (4.619% APR)
15 Year 3.625% (3.871% APR)
5/1 ARM 3.000% (3.237% 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 4.500% (4.739% 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 +40 bps from Friday’s close (4.0% coupon now @ 102.28) and the Stock Market is down -98.65 at 12,033.84 this morning. June Personal Income was up +0.1%. Personal Spending also up +0.1%. Oil is $94.72per barrel and Gold is $1,638.91 per ounce.
Have a great Tuesday!
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