Daily Rate Blast - Medford Oregon Mortgage Interest Rates - September 6, 2011

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

Daily Rate Blast - Medford Oregon Mortgage Interest Rates - September 6, 2011

 

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

30 Year                                                 4.250%   (4.491% APR)                                               

15 Year                                                 3.375%   (3.619% APR)

5/1 ARM                                              3.000%   (3.240% 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%   (3.993% APR)                                               

FHA 15 Year                                        3.250%   (3.490% APR)

VA 30 Year                                          3.875%    (4.121% APR)

USDA 30 Year                                     4.375%  (4.618% 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 +3 bps from Friday’s close (4.0% coupon now @ 104.44) and the Stock Market is down -215.05 at 11,025.21 this morning. Light week for economic reports. August ISM Services Index rose to 53.3. Fed Beige Book to released at 11:00AM tomorrow. Oil is $84.55per barrel and Gold is $1,876.67 per ounce. 

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Rainmaker
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Steve, Joel & Steve A. Chain
Chain Real Estate Investments & Mortgage, Steve & Joel Chain - Cottonwood, CA

Karen,

Seeing today's rates in print really brings home the reality of the opportunity.

Good speed with your mortgage business activities,

Steve

Sep 06, 2011 07:22 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

Hi Steve!  Definitely great opportunities out there for sure!  Thanks for the visit and continued successes to you as well!  Thanks so much! 

Sep 06, 2011 07:48 AM #2
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Rainer
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Karen Burket

Valley Mortgage Grou, Conventional, FHA, VA, mortgages
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