Mortgage Rate Update: July 8, 2010

  • 0

Mortgage Rate Update: July 8, 2010

Mortgage rates continue their trend this week. We’ve reached new low points with Jumbo’s leading the way to their lowest rates ever. I call your attention to the Jumbo Fixed Rates to $1.0 Million and $1.5 Million. And, we have other jumbo programs available up to $4M.

Mortgage Interest Rates for Fixed and Variable Rate Mortgages*

Rates as of Thursday, 8th July, 2010:

Term    Conforming    APR    Payment per
$1,000    Jumbo    APR    Payment per
$1,000    Arm Reset Term
3-Yr Fixed ARM to $417,000 / $1.5M    360    3.250%    3.307%    $4.35    3.500%    3.580%    $4.49    36
5 Year ARM to $417,000 / $729,750    360    3.250%    3.432%    $4.35    4.000%    4.082%    $4.77    60
15-Yr Fixed to $417,000/$729,750    180    3.750%    4.231%    $7.27    4.250%    4.398%    $7.52    –
30 Year Fixed Rate to $417,000/729,750    360    4.375%    4.561%    $4.99    4.625%    4.836%    $5.14    –
5 Yr Fixed ARM to $1M / $2.0M    360    4.250%    4.310%    $4.92    4.500%    4.585%    $5.07    60
15 Year Jumbo Fixed to $1M / $1.5/M    180    4.750%    5.188%    $7.78    5.000%    5.465%    $7.91    –
30 Year Jumbo Fixed to $1M / $1.5/M    360    5.250%    %    $5.52    5.500%    %    $5.68    –


About Author

Sean McCracken

As the OC Realtor I’ll help you find your special OC Coastal home at that special price. With my hand holding, I’ll take you through the buying process for the minimal amount of pain - Call Me @ 949-290-5317

Leave a Reply