Rates Settle Back Down as Trade Progress Not as Promising as It Appeared.
Here are approximate Interest Rates for w/e 11/15/2019

Rates went up last week largely because there seemed to be good progress with the China/US Trade negotiations. This week it was apparent that no real break though had been made and rates settled back down.

56% of experts think that rates will stay the same this week while 33% think they may go down and 11% think they will go up.

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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Mark Smith
Victoria Capital
Los Gatos
408 353 9784
www.MarkSmithLoans.com

Program

No Points (APR)

 1 Point (APR)

Change on Week

Conforming (<$484,350)

30yr Fixed

3.5% (3.62%)

3.25% (3.58%)

-0.125%

10yr ARM

3.375% (3.48%)

3.125% (3.49%)

+0.25%

7yr ARM

3.375% (3.39%)

2.875% (3.36%)

No Change

5yr ARM

3.125% (3.27%)

2.75% (3.45%)

-0.25%

15yr Fixed

3.0% (3.08%)

2.75% (3.18%)

+0.125%

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

30yr Fixed

3.625% (3.67%)

3.375% (3.69%)

-0.125%

5yr ARM

3.625% (3.73%)

3.0% (3.70%)

-0.25%

15yr Fixed

3.125% (3.19%)

2.875% (3.28%)

-0.125%

Jumbo (>$726,525)

30yr Fixed

3.625% (3.78%)

3.5% (3.88%)

No Change

10yr ARM

3.5% (3.59%)

3.125% (3.62%)

-0.125%

7yr ARM

3.125% (3.19%)

2.75% (3.20%)

-0.125%

5yr ARM

3.0% (3.09%)

2.75% (3.12%)

-0.125%

15yr Fixed

3.5% (3.57%)

3.125% (3.41%)

-0.125%

 

FHA LOANS AVAILABLE WITH JUST 3.5% DOWN to $726,525

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