Rates Down Slightly in anticipation of Game of Thrones Finale.
Here are approximate Interest Rates for w/e 5/17/2019

The political uncertainty in Westeros this week helped move rates slightly lower. Of course, it was nothing as exciting as that – the China Trade wars are still dominating the market moves. But, probably, more people are interested in Game of Thrones and I am guessing I’ll get a few more clicks this week 😊! Thanks for reading and back to normality next week.

62% of experts think rates will stay steady this week. 32% think they will go down and none think they will increase.

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% (3.92%)

3.625% (3.98%)

No Change

10yr ARM

3.875% (3.98%)

3.5% (3.99%)

No Change

7yr ARM

3.5% (3.67%)

3.125% (3.76%)

No Change

5yr ARM

3.375% (3.56%)

3.0% (3.60%)

-0.125%

15yr Fixed

3.25% (3.32%)

3.0% (3.42%)

-0.125%

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

30yr Fixed

4.0% (4.08%)

3.75% (4.09%)

-0.125%

5yr ARM

3.875% (3.98%)

3.375% (4.00%)

No Change

15yr Fixed

3.375% (3.46%)

3.0% (3.48%)

-0.125%

Jumbo (>$726,525)

30yr Fixed

4.0% (4.08%)

3.75% (4.08%)

-0.125%

10yr ARM

3.625% (3.69%)

3.25% (3.62%)

No Change

7yr ARM

3.25% (3.42%)

3.125% (3.63%)

-0.225%

5yr ARM

3.25% (3.33%)

3.0% (3.38%)

No Change

15yr Fixed

3.5% (3.57%)

3.25% (3.61%)

No Change

 

 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

 


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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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