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Posts from the ‘Rate Update’ Category

25
Feb

Mortgage Rate Update (February 25, 2015)

For the week of February 23 through February 27

Conv. Rates 2.25

Government Loan Programs

Spec. Rates 2.25

Rates for almost all loan programs have decreased this week, with the exception of the 15-Year Conventional and 30-Year FHA programs. The largest decrease was seen for Manufactured FHA loans at 3.375% (4.966% APR), down 1/4-point from last week’s rate of 3.375% (5.179% APR). All of the Government Loan Programs returned rates similar to two weeks ago, with the exception of the 30-Year FHA, which has seen no movement in the last 7 weeks. Loan programs remain lower than this time last year: The 30-Year Conventional is 3.625% (3.812% APR) compared to 4.375% (4.421% APR) in February 2013, and the FHA 203k is 3.500% (5.060% APR) compared to 4.250% (6.242% APR) one year ago.

Nationally, rates have increased slightly in February after a sizable drop in rates in December and January. This movement is illustrated in the graph below (as updated by the weekly Freddie Mac rate survey):

Freddie Mac yearly 2.25 30-Year Fixed (History)

 

Take advantage of these rates while they remain low! Give us a call at 805.543.LOAN for a free, customized rate quote!

Calculation Notes

  • Mortgage rates assume purchase of a single-family, detached, owner-occupied, residential property.
  • Mortgage rates assume borrower credit score of 760 and a Debt-to-Income ratio of 35%. Rates for conventional loan programs assume a loan-to-value of 60%.
  • Loan amount is $417,000 for all programs (appraised value of $522,000), except for the high balance ($561,200 loan and $722,000 value), and Jumbo ($700,000 loan and $1,000,000 value)
  • Mortgage rates and APR subject to change
  • 30-year fixed, 15-year fixed, 30-year high balance, Manufactured, Jumbo
  • FHA, FHA 203k, Manufactured, USDA, VA
18
Feb

Mortgage Rate Update (February 18, 2015)

For the week of February 16 through February 20

Conv. Rates 2.18

Government Loan Programs

Spec. Rates 2.18

Rates for almost all loan programs have increased this week, with the exception of the 30-Year High Balance and 30-Year FHA programs. The largest increase was seen for Manufactured FHA loans at 3.625% (5.179% APR), up 1/4-point from last week’s rate of 3.375% (4.966% APR). Overall, loan programs remain lower than this time last year. The 30-Year Conventional is 3.750% (3.812% APR) compared to 4.375% (4.421% APR) in February 2013, and the FHA 203k is 3.625% (5.207% APR) compared to 4.250% (6.242% APR) one year ago. So although rates have risen slightly over the last couple of weeks, they remain substantially lower than last year.

This movement is illustrated in the graph below (as updated by the weekly Freddie Mac rate survey):

Freddie Mac Yearly 2.18 30-Year Fixed (History)

 

Take advantage of these rates while they remain low! Give us a call at 805.543.LOAN for a free, customized rate quote!

Calculation Notes

  • Mortgage rates assume purchase of a single-family, detached, owner-occupied, residential property.
  • Mortgage rates assume borrower credit score of 760 and a Debt-to-Income ratio of 35%. Rates for conventional loan programs assume a loan-to-value of 60%.
  • Loan amount is $417,000 for all programs (appraised value of $522,000), except for the high balance ($561,200 loan and $722,000 value), and Jumbo ($700,000 loan and $1,000,000 value)
  • Mortgage rates and APR subject to change
  • 30-year fixed, 15-year fixed, 30-year high balance, Manufactured, Jumbo
  • FHA, FHA 203k, Manufactured, USDA, VA
11
Feb

Mortgage Rate Update (February 11, 2015)

For the week of February 9 through February 13

Conv. Rates 2.11

Government Loan Programs

Spec. Rates 2.11

This week brought a bump up in rates for some of the loan programs, while others remained unchanged. Those whose rates increased rose 1/8-points; the 30-year fixed rose from 3.625% (3.663% APR) to 3.750 (3.788% APR), the FHA 203k rose from 3.875% (3.903% APR), and high balance, manufactured conventional, and manufactured FHA programs followed a similar suit. We saw little to no movement this week from the 15-year fixed, FHA, VA and USDA loan programs, and the 30-year jumbo displayed a slight decrease.

Take a look at the 30-year fixed rate movement below, as updated by the Freddie Mac rate survey:

Freddie Mac Yearly 2.11 30-Year Fixed (History)

 

Take advantage of these rates while they remain low! Give us a call at 805.543.LOAN for a free, customized rate quote!

Calculation Notes

  • Mortgage rates assume purchase of a singe-family, detached, owner-occupied, residential property.
  • Mortgage rates assume borrower credit score of 760 and a Debt-to-Income ratio of 35%. Rates for conventional loan programs assume a loan-to-value of 60%.
  • Loan amount is $417,000 for all programs (appraised value of $522,000), except for the high balance ($561,200 loan and $722,000 value), and Jumbo ($700,000 loan and $1,000,000 value)
  • Mortgage rates and APR subject to change
  • 30-year fixed, 15-year fixed, 30-year high balance, Manufactured, Jumbo
  • FHA, FHA 203k, Manufactured, USDA, VA
4
Feb

Mortgage Rate Update (February 4, 2015)

For the week of February 2 through February 6

Conv. Rates 2.4

Government Loan Programs

Spec. Rates 2.4

There is not much movement in the mortgage rates this week. Although we’ve seen a slight increase in rates for 30-year Manufactured, Jumbo, and 30-year FHA 203k loans, most of the rate programs are keeping at levels similar to last week. Buyers can afford more homes, and existing owners may be able to refinance, lower their monthly payment, and / or save thousands of interest. Take advantage of these rates while they remain low! Give us a call at 805.543.LOAN for a free, customized rate quote!

Freddie Mac Yearly 2.4 30-Year Fixed (History)

 

Calculation Notes

  • Mortgage rates assume purchase of a singe-family, detached, owner-occupied, residential property.
  • Mortgage rates assume borrower credit score of 760 and a Debt-to-Income ratio of 35%. Rates for conventional loan programs assume a loan-to-value of 80%.
  • Loan amount is $417,000 for all programs (appraised value of $522,000), except for the high balance ($561,200 loan and $722,000 value), and Jumbo ($700,000 loan and $1,000,000 value)
  • Mortgage rates and APR subject to change
  • 30-year fixed, 15-year fixed, 30-year high balance, Manufactured, Jumbo
  • FHA, FHA 203k, Manufactured, USDA, VA
28
Jan

Mortgage Rate Update (January 28, 2015)

For the week of January 26 through January 30

Conv. Rates 1.28

Government Loan Programs

Spec. Rates 1.28

There is not much movement in the mortgage rates this week. Although we’ve seen a slight increase in rates for 30-year High Balance and 30-year FHA 203k loans, most of the rate programs are keeping at levels similar to last week. Buyers can afford more homes, and existing owners may be able to refinance, lower their monthly payment, and / or save thousands of interest. Take advantage of these rates while they remain low! Give us a call at 805.543.LOAN for a free, customized rate quote!

Freddie Mac Yearly 1.28 30-Year Fixed (History)

 

Calculation Notes

  • Mortgage rates assume purchase of a singe-family, detached, owner-occupied, residential property.
  • Mortgage rates assume borrower credit score of 760 and a Debt-to-Income ratio of 35%. Rates for conventional loan programs assume a loan-to-value of 80%.
  • Loan amount is $417,000 for all programs (appraised value of $522,000), except for the high balance ($561,200 loan and $722,000 value), and Jumbo ($700,000 loan and $1,000,000 value)
  • Mortgage rates and APR subject to change
  • 30-year fixed, 15-year fixed, 30-year high balance, Manufactured, Jumbo
  • FHA, FHA 203k, Manufactured, USDA, VA
26
Jan

Mortgage Rate Update (January 21, 2015)

For the week of January 19 through January 23

Conv Rates 1.21

Government Loan Programs

Spec. Rates 1.21

Although rates have risen very slightly this week, mortgage rates remain significantly lower in 2015 compared to last year . Buyers can afford more homes, and existing owners may be able to refinance, lower their monthly payment, and / or save thousands of interest. Give us a call at 805.543.LOAN for a free, customized rate quote!

freddie mac survey 1.16 30-Year Fixed (History)

 

Calculation Notes

  • Mortgage rates assume purchase of a singe-family, detached, owner-occupied, residential property.
  • Mortgage rates assume borrower credit score of 760 and a Debt-to-Income ratio of 35%. Rates for conventional loan programs assume a loan-to-value of 80%.
  • Loan amount is $417,000 for all programs (appraised value of $522,000), except for the high balance ($561,200 loan and $722,000 value), and Jumbo ($700,000 loan and $1,000,000 value)
  • Mortgage rates and APR subject to change
  • 30-year fixed, 15-year fixed, 30-year high balance, Manufactured, Jumbo
  • FHA, FHA 203k, Manufactured, USDA, VA
16
Jan

Mortgage Rate Update (January 16, 2015)

Mortgage rates for many of the loan programs are continuing to steadily drop. Give us a call at 805.543.LOAN to take advantage of today’s low rates!

 

Conventional Loan Programs

30-year fixed, 15-year fixed, 30-year high balance, Manufactured, Jumbo

 Conv Loan Rates

Specialty Loan Programs

FHA, FHA 203k, Manufactured, USDA, VA

Spec Loan Rates

 

Rates Directly to Your Inbox!

If you would like to receive a more detailed Mortgage Rate report, you can subscribe to our “CCL Rate Tracker.” The CCL Rate Tracker follows 10 loan programs and publishes three rate options closest to 1 point, par, and 1 rebate for each program every two weeks and delivers the results in an email. To sign up, please email [email protected]  with the text “Rate Tracker.”

 

Apply Online Today!

When you register for a Loan Center account, you can submit a loan application online and the sensitive information that you provide will be transmitted securely. Your account also enables you to easily modify your loan application and view the status of your loan. Any questions? Call us at 805.543.LOAN or email us here.

 

About the Loan Programs:

 

NOTE:

  • Mortgage rates assume purchase of a single-family, detached, owner-occupied, residential property, borrower credit score of 760, debt-to-income ratio of 35%, loan-to-value of 60%, and loan amount of $417,000 for most programs (High Balance is $561,200 and Jumbo is $750,000).
  • Mortgage rates and APR subject to change.
7
Jan

Mortgage Rate Update (January 7, 2015)

Mortgage rates continue to significantly drop in 2015 . Buyers can now afford more home, and existing owners may be able to refinance, lower their monthly payment, and / or save thousands of interest. Give us a call at 805.543.LOAN for a free, customized rate quote!

 

Conventional Loan Programs 

30-year fixed, 15-year fixed, 30-year high balance, Manufactured, Jumbo

Conventional Mortgage Rates

Specialty Loan Programs

FHA, FHA 203k, Manufactured, USDA, VA

Government Mortgage Rates

Rates Directly to Your Inbox!

If you would like to receive a more detailed Mortgage Rate report, you can subscribe to our “CCL Rate Tracker.” The CCL Rate Tracker follows 10 loan programs and publishes three rate options closest to 1 point, par, and 1 rebate for each program every two weeks and delivers the results in an email. To sign up, please email [email protected] with the text “Rate Tracker.”

Apply Online Today!

When you register for a Loan Center account, you can submit a loan application online and the sensitive information that you provide will be transmitted securely. Your account also enables you to easily modify your loan application and view the status of your loan. Any questions? Call us at 805.543.LOAN or email us here.

About the Loan Programs:

 

NOTE:

  • Mortgage rates assume purchase of a singe-family, detached, owner-occupied, residential property.
  • Mortgage rates assume borrower credit score of 760 and a Debt-to-Income ratio of 35%. Rates for conventional loan programs assume a loan-to-value of 80%.
  • Loan amount is $417,000 for all programs (appraised value of $522,000), except for the high balance ($561,200 loan and $722,000 value), and Jumbo ($700,000 loan and $1,000,000 value)
  • Mortgage rates and APR subject to change.
22
Dec

Mortgage Rate Update (December 22)

Mortgage rates inched up to begin the week, but are only slightly above 18-month lows. This will be our final rate update prior to Christmas. If you would like something a little more current, give us a call at 805.543.LOAN for more information.

Read more »

17
Dec

Mortgage Rate Update (December 17)

Mortgage rates are dropping fast! Give us a call at 805.543.LOAN to see how you can take advantage of the low-rate window.

Conventional Loan Programs 

30-year fixed, 15-year fixed, 30-year high balance

Conventional Rates copy

Specialty Loan Programs

FHA, FHA 203k, USDA, VA

FHA, VA, USDA Rates copy

Manufactured Home Loan Programs

FHA Manufactured, Conventional Manufactured

Manufactured Rates copy

Jumbo Loan Program

Jumbo ($700,000 loan amount)

Jumbo Rate copy

Rates Directly to Your Inbox!

If you would like to receive a more detailed Mortgage Rate report, you can subscribe to our “CCL Rate Tracker.” The CCL Rate Tracker follows 10 loan programs and publishes three rate options closest to 1 point, par, and 1 rebate for each program every two weeks and delivers the results in an email. To sign up, please email [email protected] with the text “Rate Tracker.”

Apply Online Today!

When you register for a Loan Center account, you can submit a loan application online and the sensitive information that you provide will be transmitted securely. Your account also enables you to easily modify your loan application and view the status of your loan. Any questions? Call us at 805.543.LOAN or email us here.

About the Loan Programs:

 

NOTE:

  • Mortgage rates assume purchase of a singe-family, detached, owner-occupied, residential property.
  • Mortgage rates assume borrower credit score of 760 and a Debt-to-Income ratio of 35%. Rates for conventional loan programs assume a loan-to-value of 80%.
  • Loan amount is $417,000 for all programs (appraised value of $522,000), except for the high balance ($561,200 loan and $722,000 value), and Jumbo ($700,000 loan and $1,000,000 value)
  • Mortgage rates and APR subject to change.