Mortgage News
MBS RECAP: Bond Markets Rally As Eurozone Braces For ImpactThe domestic hours, like so many past examples, turned out to be relatively contained by the time European markets had their say. This time, they said good things to MBS and Treasuries, namely that there’s still a bit of concern over the handling of the Cyprus bailout and a lot of concern over what headlines may come tomorrow from Italy. We can talk all about all sorts of probable considerations for today’s bond markets, but at the end of the day (and at the beginning for that matter), it’s been all about Italy…
Current Mortgage Rate
| Product | Interest Rate | APR |
| Conforming 1and FHA Loans | ||
| 30-Year Fixed | 3.625% | 3.790% |
| 30-Year Fixed FHA | 3.375% | 4.400% |
| 15-Year Fixed | 2.875% | 3.165% |
| 5-Year ARM | 2.250% | 2.899% |
| 5-Year ARM FHA | 2.250% | 2.890% |
| Larger Loan Amounts in Eligible Areas – Conforming and FHA.1 | ||
| 30-Year Fixed | 3.750% | 3.874% |
| 30-Year Fixed FHA | 3.500% | 4.494% |
| 5-Year ARM | 2.500% | 2.946% |
| Jumbo1 Loans – Amounts that exceed conforming loan limits1 | ||
| 30-Year Fixed | 3.750% | 3.860% |
| 5-Year ARM | 2.500% | 2.933% |
Mortgage Payments
Christine Shih
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1 408.781.0508
christine.shih0508@gmail.com
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4340 Stevens Creek Blvd #191, San Jose, CA 95129