Rates Hovering Just Above All Time Lows.
Approximate rates for weekending 6/26/20
Rates are just slightly above all-time lows as there is tug of war between encouraging economic news and a spike in new Coronavirus cases.
77% of experts think that rates will stay the same this week, 8% think they will go up and 15% down.
If you have any questions or would like advice tailored to your needs, I would be happy to help! And if you have any family or friends that you think might benefit from my services, I would be 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 (<$510,400) |
|||
|
30yr Fixed |
2.75% (2.83%) |
2.625% (2.88%) |
-0.125% |
|
10yr ARM |
- |
- |
- |
|
7yr ARM |
- |
- |
- |
|
5yr ARM |
- |
- |
- |
|
15yr Fixed |
2.375% (2.52%) |
2.125% (2.59%) |
-0.125% |
|
High Cost Conforming (>$510,400<$765,600) * |
|||
|
30yr Fixed |
3.0% (3.09%) |
2.75% (3.09%) |
-0.125% |
|
5yr ARM |
- |
- |
- |
|
15yr Fixed |
2.5% (2.61%) |
2.25% (2.58%) |
-0.125% |
|
Jumbo (>$765,600) |
|||
|
30yr Fixed |
- |
- |
- |
|
10yr ARM |
3.625% (3.72%) |
3.5% (3.83%) |
No Change |
|
7yr ARM |
3.375% (3.49%) |
3.25% (3.51%) |
No Change |
|
5yr ARM |
3.125% (3.24%) |
3.0% (3.23%) |
No Change |
|
15yr Fixed |
- |
- |
- |
FHA LOANS AVAILABLE WITH JUST 3.5% DOWN to $765,600
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
