Maureen Megowan's Blog

head_left_image

Interest Rates Edge Higher

Interest rates for buying a home on the Palos Verdes Peninsula edged higher this week.The following are excerpts from the newsletter on interest rates published by HSH Associates :

"Mortgage rates wobbled higher this week, pressed there by Fed Chair Janet Yellen's comments which followed last week's Federal Reserve meeting. Meanwhile, the freshest data about the economy continues to be a mixed bag, but one with perhaps a little warmer glow than seen earlier in the year.

"A busy calendar of fresh March data is out next week, capped by Friday's employment report. To the extent that weather was the factor which subdued all things economic in January and February, we should see improvements in a number of reports, including the ISM twins and auto sales. If so, this will tend to lift mortgage rates a little during the week, and any outsized reading for employment gains on Friday would tend to exacerbate any rise. At the moment, we think we'll see another 3-5 basis point increase in rates for the week. "

The following are interest rate quotes from American California Financial:

 

30 Yr Fixed FHA

Rate

APR

 

       

3.750

5.054

Details

       

 

Conforming 30 Yr Fixed up to $417000

Rate

APR

 

       

4.500

4.623

Details

       

 

Conforming Jumbo 30 Yr Fixed $417001 - $625500

Rate

APR

 

       

4.500

4.611

Details

       

 

Jumbo 30 Yr. to $1.5 Mil

Rate

APR

 

       

4.500

4.596

Details

       

 

 

Jumbo 7/1 ARM $1.5 Mil (higher loan amt available)

Rate

APR

 

       

3.625

3.278

Details

       

 

For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at http://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.

Comment balloon 0 commentsMaureen Megowan • March 29 2014 01:30PM
Interest Rates Edge Higher
share
Interest rates for buying a home on the Palos Verdes Peninsula edged higher this week. The following are excerpts from the newsletter on interest rates published by HSH Associates : "Mortgage rates wobbled higher this week, pressed there… more
Palos Verdes Feb. 2014 Condo and Townhome Real Estate Market Report
share
The inventory of unsold condos and townhomes on the Palos Verdes Peninsula of 37 units is up approx. 9% compared to this time a year ago. The average number of sales per month over the last 3 months of 9 units per month is the same as a year ago… more
Interest Rates Unmoved this week
share
Interest rates for buying a home on the Palos Verdes Peninsula remained stable this week. The following are excerpts from the newsletter on interest rates published by HS H Associates : " In recent weeks, mortgage shoppers have had to deal… more
Interest Rate Environment Remains Mixed
share
Interest rates for buying a home on the Palos Verdes Peninsula rise slightly but may be headed back down. The following are excerpts from the newsletter on interest rates published by HSH Associates : "Just a few days after news of a… more
Palos Verdes Feb. 2014 single family Home Real Estate Market Report
share
The number of properties listed for sale for the overall Palos Verdes Peninsula at the end of February of 126 properties is 19% greater than the same time last year. Single Family home sales for the overall Palos Verdes Peninsula Real Estate Market… more
Interest Rates Stay Flat This week
share
Interest rates for buying a home on the Palos Verdes Peninsula stayed flat this week, but increases are expected. The following are excerpts from the newsletter on interest rates published by HSH Associates : "Mortgage rates… more
Louis “Louie” Zamperini
share
Louis “Louie” Zamperini Louie Zamperini is one of the greatest South Bay heroes who have ever lived. Louis Zamperini was born January 26, 1917 in Olean, New York to Italian immigrants… more
Chandler Quarry / Chandler Ranch Project
share
Chandler Quarry / Chandler Ranch Project The 91 acre Chandler Sand and Gravel Quarry, located on Palos Verdes Drive East between Palos Verdes Drive North and Pacific Coast Highway opened in 1934. The… more
The Vanderlip Cottage
share
The Vanderlip Cottage Immediately after purchasing the Palos Verdes Peninsula in 1916, Frank Vanderlip engaged a study to compile weather information about the entire Palos Verdes Peninsula. … more
Mortgage Rates Move Sideways
share
Interest rates for buying a home on the Palos Verdes Peninsula stayed flat this week. The following are excerpts from the newsletter on interest rates published by HSH Associates : "As it turns out, it would appear as though the… more