Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 11, 2011

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

Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 11, 2011


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

30 Year                                                 4.125%   (4.368% 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                                     4.250%  (4.491% 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 -41 bps from yesterday’s close (4.0% coupon now @ 104.31) and the Stock Market is up +284.08 at 11,004.02 this morning. Initial Weekly Jobless Claims declined -7K to 395K. June Treasury Budget Balance grew to -$53.1B. The Treasury Department will be auctioning $16B worth of 30 Year Notes today. Oil is $83.56

per barrel and Gold is $1,753.72 per ounce, briefly eclipsing $1,800 yesterday. 

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Rainmaker
136,088
Sherri Berry
Reliant Realty, Murfreesboro - Murfreesboro, TN
Murfreesboro TN Homes & Real Estate

Hi Karen - With rates like those we should be seeing some awesome real estate recovery!  Home affordability it at all time highs!  Thanks for the update on rates!

Aug 11, 2011 06:04 AM #1
Rainer
143,002
Karen Burket
Bank of Oregon a division of Willamette Valley Bank - Medford, OR
Valley Mortgage Grou, Conventional, FHA, VA, mortgages

Morning Sherri!  Always good to see you.  I've got several folks with offers on Short Sales that I WISH would get accepted so I can go ahead and get them locked in!  Yes, hopefully some recovery will be on the say.  Glad to keep you updated and thanks for your visit.  Have a terrific day! 

Aug 11, 2011 06:50 AM #2
Ambassador
1,836,373
Debb Janes EcoBroker and Bernie Stea JD
ViewHomes of Clark County - Nature As Neighbors - Camas, WA
REALTORS® in Clark County, WA

Yep, right now I  too am waiting for a short sale response. Hurry, Hurry. These rates look mighty good, prices are mighty good, so come on let's sell some houses!

Aug 11, 2011 09:29 AM #3
Rainer
143,002
Karen Burket
Bank of Oregon a division of Willamette Valley Bank - Medford, OR
Valley Mortgage Grou, Conventional, FHA, VA, mortgages

Go Debb Go!  (In my best cheerleader voice!)  lol  Enjoy the day! 

Aug 11, 2011 10:21 AM #4
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Rainer
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Karen Burket

Valley Mortgage Grou, Conventional, FHA, VA, mortgages
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