Rates Mostly Steady as Shutdown Continues.
Here are approximate Interest Rates for w/e 1/18/2019

Rates remained mostly steady this week with just slight increases in some programs. One of the side effects of the shutdown is important economic is not being published so there is less information on which the market can react. The end of the shutdown will mostly likely be heralded as good for the economy and there might be a reactionary spike upwards before the back log of data is released and interpreted

 

64% of experts think rates will stay steady this week while 18% think they will go up and 18% 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 (<$484,350)

30yr Fixed

4.125% (4.28%)

3.875% (4.10%)

No Change

10yr ARM

4.125% (4.24%)

3.75% (4.27%)

No Change

7yr ARM

3.875% (3.97%)

3.375% (3.86%)

+0.125%

5yr ARM

3.75% (3.79%)

3.25% (3.97%)

+0.125%

15yr Fixed

3.625% (3.74%)

3.375% (3.82%)

No Change

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

30yr Fixed

4.25% (4.41%)

4.125% (4.57%)

No Change

5yr ARM

4.125% (4.28%)

3.625% (4.29%)

+0.125%

15yr Fixed

3.75% (3.88%)

3.375% (3.98%)

No Change

Jumbo (>$726,525)

30yr Fixed

4.25% (4.29%)

4.0% (4.32%)

+0.125%

10yr ARM

3.875% (3.98%)

3.5% (4.99%)

No Change

7yr ARM

3.75% (3.79%)

3.375% (3.83%)

+0.125%

5yr ARM

3.625% (3.73%)

3.25% (3.48%)

+0.125%

15yr Fixed

3.625% (3.71%)

3.5% (3.79%)

+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


Email


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