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Posts from the ‘Rate Update’ Category

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.
11
Dec

Mortgage Rate Update (December 10)

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

Specialty Loan Programs

FHA, FHA 203k, USDA, VA

FHA, VA, USDA Rates

Manufactured Home Loan Programs

FHA Manufactured, Conventional Manufactured

Manufactured Rates

Jumbo Loan Program

Jumbo ($700,000 loan amount)

Jumbo Rate

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.
3
Dec

Mortgage Rate Update (December 3)

Conventional mortgage rates have moved up by about 1/4 of a point during the week of December 1 through 5. The remaining programs in our tracker: VA, USDA, FHA, Manufactured Homes, and Jumbo are basically unchanged.

Conventional Loan Programs 

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

Conventional Mortgage Rates

Specialty Loan Programs

FHA, FHA 203k, USDA, VA

FHA, VA, USDA Mortgage Rates

Manufactured Home Loan Programs

FHA Manufactured, Conventional Manufactured

Manufactured Loan Programs

Jumbo Loan Program

Jumbo ($700,000 loan amount)

Jumbo Mortgage Rate

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.
1
Dec

Mortgage Rate Update (November 26)

[Editor's Note: This mortgage rate post was calculated on November 26th, prior to Thanksgiving. Expect our latest update on Wednesday, December 3. Rates begin this week lower.] 

Over the past several months, we have seen mortgage rates drop to 18-month lows, rise up, and then trickle slightly lower.

Yesterday the U.S. 10-year Treasury yield dipped to 2.26% after several weeks of sitting right around 2.30%. Mortgage rates have followed suit, and over the past week are about 1/8 to 3/8 of a point lower in price.

U.S. economic news has been generally positive through 2014. Employment, real estate, retail sales… everything has been steady. Stock indexes (Dow, S&P 500, etc) continue to push new record high levels and the Federal Reserve ended has ended its quantitative easing stimulus activity.

Even with the positive news, there is still a large amount of uncertainty floating around, and as we know, uncertainty and volatility are good for mortgage rates. The world’s leading economies – Japan, China, and the Eurozone – have all shown signs of slowdown (and Japan is in an outright recession). Even here at home, where the news is generally good, there is some amount of concern.

“Things are pretty solid,” said Dan Podesto, co-owner of Central Coast Lending. “But there is a lack of a driver. For the longest time it was the dot-coms, and then it was technology. There is a sense that we are waiting for the next big thing.”

Moving forward, falling gas prices should help bolster sales numbers in the holiday season.

 

Conventional Loan Programs 

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

Conventional Mortgage Rates (November 26) copy

Specialty Loan Programs

FHA, FHA 203k, USDA, VA

FHA, VA, USDA Mortgage Rates (November 26) copy

Manufactured Home Loan Programs

FHA Manufactured, Conventional Manufactured

Manufactured Mortgage Rates (November 26) copy

Jumbo Loan Program

Jumbo ($700,000 loan amount)

Jumbo Mortgage Rates (November 26) 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.
19
Nov

Mortgage Rate Update (November 19)

Conventional Loan Programs 

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

Conventional Mortgage Rates copy

Specialty Loan Programs

FHA, FHA 203k, USDA, VA

FHA, VA, USDA Mortgage Rates copy

Manufactured Home Loan Programs

FHA Manufactured, Conventional Manufactured

Manufactured Mortgage Rates copy

Jumbo Loan Program

Jumbo ($700,000 loan amount)

Jumbo Mortgage Rates 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.