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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