Money for sale!!!!

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

Rates are so low, it's like the US is having a going out of business sale!  

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

30 Year                                                 4.000%   (4.239% APR)                                               

15 Year                                                 3.250%   (3.489% 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                                        3.750%   (3.992% APR)                                               

FHA 15 Year                                        3.250%   (3.490% APR)

VA 30 Year                                          3.750%   (3.992% APR)

USDA 30 Year                                     4.125%  (4.369% 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 +53 bps from yesterday’s close (4.0% coupon now @ 104.53) and the Stock Market is down -379.14 at 10,860.63 this morning. June Wholesale Inventories rose +0.6%. FOMC Policy Statement yesterday indicated low rates into 2013. The Treasury Department will be auctioning $24B worth of 10 Year Notes today. Oil is $80.21per barrel and Gold is $1,779.55 per ounce, another new high. 

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Rainer
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Marguerite Roland
RE/MAX Allegiance - Burke, VA
Northern Virginia

These rates are GREAT !

Aug 11, 2011 05:24 PM #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

Got that right, Marguerite!  Have a great day and thanks for the visit!

Aug 12, 2011 05:29 AM #2
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Rainer
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Karen Burket

Valley Mortgage Grou, Conventional, FHA, VA, mortgages
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