Rates Down to 14-Month Lows on European News.
Here are approximate Interest Rates for w/e 3/15/2019

 

Rates dipped a little again this week and that was enough to bring them to 14-month lows. Not since Jan 2018 have rates been this low! The causes this week were likely European:  a dovish outlook from the European Central Bank who downgraded growth and inflation and the likely delays and concerns over Brexit. Next week the focus will likely return to the US as the Fed meet and will deliver their economic outlook on Wednesday.

 

75% of experts think rates will stay steady this week while the rest are split as to whether they will go up or down.

If you have any questions or would like advice tailored to your needs, I'd be very happy to help! And if you have any family or friends that you think might benefit from my services I would be very grateful for the referral.

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Program

No Points (APR)

 1 Point (APR)

Change on Week

Conforming (<$484,350)

30yr Fixed

3.875% (4.00%)

3.75% (4.08%)

-0.125%

10yr ARM

4.0% (4.08%)

3.625% (4.11%)

No Change

7yr ARM

3.75% (3.87%)

3.25% (3.86%)

No Change

5yr ARM

3.625% (3.69%)

3.225% (3.67%)

No Change

15yr Fixed

3.375% (3.42%)

3.125% (3.52%)

-0.125%

 High Cost Conforming (>$484,350<$726,525) *

30yr Fixed

4.0% (4.08%)

3.75% (4.02%)

-0.125%

5yr ARM

4.0% (4.08%)

3.5% (4.10%)

No Change

15yr Fixed

3.625% (3.72%)

3.25% (3.78%)

No Change

Jumbo (>$726,525)

30yr Fixed

4.125% (4.18%)

3.875% (4.22%)

No Change

10yr ARM

3.625% (3.78%)

3.375% (3.89%)

-0.125%

7yr ARM

3.5% (3.59%)

3.25% (3.73%)

-0.125%

5yr ARM

3.5% (3.63%)

3.25% (3.48%)

No Change

15yr Fixed

3.5% (3.61%)

3.375% (3.71%)

-0.125%

 

 No Points No Cost also Available!

APRs calculated on Purchase loan amount of $350k (conforming), $600k (high cost conforming,) and $750k (Jumbo) 21- day lock, 60% LTV, impounds,780 fico.
This is not a commitment to lend. Rates are provided for informational purposes only. Please contact me for rates, products and costs for your individual situation.

*Assumes high cost areas, e.g., Santa Clara County and other Bay Area Counties

DRE: 01395052

NLMS:308562

 


   Your ultimate resource for Mortgage Information!   


Mark Smith Ph.D.
Senior Loan Consultant

Victoria Capital Mortgage
455 Los Gatos Blvd #100
Los Gatos, CA 95032


Direct: (408) 353-9784

Fax: (408) 351-4933


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