Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 9, 2011

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

Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 9, 2011


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

30 Year                                                 4.375%   (4.622% APR)                                               

15 Year                                                 3.500%   (3.742% APR)

5/1 ARM                                              3.125%   (3.373% APR)

3/1 ARM                                              3.125%   (3.373% 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                                        4.125%   (4.372% APR)                                               

FHA 15 Year                                        3.250%   (3.490% APR)

VA 30 Year                                          4.125%   (4.372% 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 down -22 bps from yesterday’s close (4.0% coupon now @ 102.81) and the Stock Market is up +225.54 at 11,035.39 this morning. FOMC Policy Statement will be released. The Treasury Department will be auctioning $32B worth of 3 Year Notes today. Oil is $82.34per barrel and Gold is $1,737.65 per ounce, another new high.

 

 

 

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Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
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Hope the rates stay okay for a while...this whole stock market ride is pretty wild.  Always appreciate the latest rates...thanks Karen.

Aug 09, 2011 10:47 AM #1
Rainer
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Karen Burket
Bank of Oregon a division of Willamette Valley Bank - Medford, OR
Valley Mortgage Grou, Conventional, FHA, VA, mortgages

Hey there Debb!  Oh man, was the last few days a wild ride or what!?  YIKES!  It's definitely keeping rates low, and I think we'll continue to see such due to the Fed's latest announcement.  Glad these are helpful to you and I'll keep 'em up!  :)  Have a great day, Debb!

Aug 09, 2011 11:01 AM #2
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Karen Burket

Valley Mortgage Grou, Conventional, FHA, VA, mortgages
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