Mortgage rates are revisiting the record low levels reached in 2012. The turmoil in Europe, Britain’s exit from EU, and a slew of uncertainties are driving capital back into the bond markets. Key members of the EU are seeing their sovereign bond yields reaching further into the negative territory.
Below is a summary on mortgage rates as of 07/06/16**
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*****Refinance Loan*****
(no point, no fee, no costs)
Loan Amt 30Yr Fixed 15Yr Fixed 5/1 ARM
Conforming
≤417K 3.250% 2.750% 2.750%
APR 3.250% 2.750% 2.750%
High Balance
≤625K 3.625% 3.000% 3.250%
APR 3.625% 3.000% 3.250%
Jumbo
>625K 4.000% 3.375% 3.375%
APR 4.000% 3.375% 3.375%
† HARP II Refinance – LTV >80% ( or even negative equity)
†† FHA Loan with as low as 3.50% Down Payment
*****Purchase Loan*****
(no point)
Loan Amt 30Yr Fixed 15Yr Fixed 5/1 ARM
Conforming
≤417K 3.125% 2.625% 2.625%
APR 3.325% 2.825% 2.825%
High Balance
≤625K 3.500% 2.875% 3.125%
APR 3.700% 3.075% 3.325%
Jumbo
>625K 3.875% 3.250% 3.250%
APR 4.075% 3.450% 3.450%
Call 949.232.0828 for Free Rate Quote
**Mortgage rates fluctuate daily. Certain requirements apply. Rate quote based on 15-day Lock, Owner-occupied Single Family Residence (SFR) in CA, Borrower FICO Score ≥740, Loan-to-value (LTV) ≤75% (LTV ≤ 70% on Jumbo), Loan Amount ≥$380,000 for Conforming, ≥$480,000 for High Balance, ≥ $625,000 for Jumbo, Rate & Term on Refi.