Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 15, 2011

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

Daily Rate Blast - Medford Oregon Mortgage Interest Rates - August 15, 2011


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

  

30 Year                                                 4.125%   (4.368% APR)                                               

15 Year                                                 3.250%   (3.491% 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                                        3.875%   (4.119% 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 -3 bps from Friday’s close (4.0% coupon now @ 104.22) and the Stock Market is up +103.42 at 11,372.44 this morning. August NAHB Housing Market Index remained at 15. NY Fed Empire State Manufacturing Index declined -7.72 from -3.76 in July, demonstrating continued contraction. Oil is $86.86per barrel and Gold is $1,743.58 per ounce.

 

Have a great Monday!       

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Rainmaker
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Sheila Anderson
Referral Group Incorporated - East Brunswick, NJ
The Real Estate Whisperer Who Listens 732-715-1133

Good afternoon Karen. I always enjoy seeing your information, it is straight forward and useful. Be well.

Aug 15, 2011 07:46 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

Afternoon, Sheila!  Thank you, I'm so glad you find the information useful.  Have a terrific day! 

Aug 15, 2011 10:05 AM #2
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Rainer
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Karen Burket

Valley Mortgage Grou, Conventional, FHA, VA, mortgages
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