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**

Call 949.232.0828 for Free Rate Quote

*****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.