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