Mortgage Rate Update: June 2010

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Mortgage Rate Update: June 2010

Mortgage Rate Update:

Mortgage Bonds are trading higher (rates lower) after the release of tame consumer inflation data reported today, as well as a weak Initial Jobless Claims report.  Overall, rates are better in the past couple of days and still ridiculously low.

Mortgage Interest Rates for Fixed and Variable Rate Mortgages*

Rates as of Thursday, 17th June, 2010:

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    3.375%    3.432%    $4.42    4.000%    4.082%    $4.77    60
15-Yr Fixed to $417,000/$729,750    180    4.125%    4.231%    $7.46    4.250%    4.398%    $7.52    –
30 Year Fixed Rate to $417,000/729,750    360    4.500%    4.561%    $5.07    4.750%    4.836%    $5.22    –
5 Yr Fixed ARM to $1M / $1.5M    360    4.250%    4.310%    $4.92    4.500%    4.585%    $5.07    60
30 Year Jumbo Fixed to $1M / $1.5/M    360    5.125%    5.188%    $5.44    5.375%    5.465%    $5.60    -


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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

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