Rates Down Slightly to Best Levels in a Month.
Here are approximate Interest Rates for w/e 11/16/2018

 

Rates decreased slightly every day this week and we are now at the lowest levels in a month. Not by much -  but at least it breaks the what has seemed relentless move up over the last couple of months

 

44% of experts think rates will decrease this week while 33% think they go up and 22% think they will stay the same.

 

 50% of experts think rates will increase this week while 40% think they will stay steady and 10% think they will go 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 (<$453,100)

30yr Fixed

4.625% (4.68%)

4.375% (4.40%)

-0.125%

10yr ARM

4.3755% (4.44%)

4.0% (4.47%)

-0.125%

7yr ARM

3.875% (3.97%)

3.625% (4.06%)

-0.25%

5yr ARM

3.75% (3.99%)

3.375% (3.97%)

-0.125%

15yr Fixed

3.875% (3.94%)

3.625% (3.99%)

-0.25%

 High Cost Conforming (>$453,100 <$679,650) *

30yr Fixed

4.75% (4.2%)

4.5% (4.77%)

-0.125%

5yr ARM

4.125% (4.58%)

3.75% (4.39%)

-0.25%

15yr Fixed

4.125% (4.18%)

3.875% (3.88%)

-.125%

Jumbo (>$679,650)

30yr Fixed

4.625% (4.88%)

4.375% (4.63%)

-0.125%

10yr ARM

4.125% (4.28%)

3.875% (4.13%)

-0.125%

7yr ARM

4.125% (4.17%)

3.875% (4.13%)

No Change

5yr ARM

4.0% (4.03%)

3.625% (3.78%)

No Change

15yr Fixed

4.0% (4.08%)

3.625% (4.07%)

-0.25%

 

 

 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


Email


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