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Ljittle Change in Interest Rates

Interest rates have remained pretty steady over the last couple of weeks, increasing slightly from a small decline which had taken place recently. The following is an excerpt from this week's newsletter on interest rates from HSH Associates :

"The upward tick for rates may persist into next week. A slew of fresh economic data is due, including the first look at 4th quarter 2010 GDP. The Federal Reserve holds a two-day meeting to chew over the level of growth, inflation and the efficacy of the on-going QE2 program, and we'll see reports covering durable goods, new home sales and a final January look at Consumer Sentiment. We'll figure on a few basis point rise in rates at most, barring any surprises from the Fed."

 

 

The following are interest rate quotes from Al Hermann of American/California Financial Services ,

Conforming 30 Yr Fixed up to $417000

Rate

APR

 

       

4.625

4.778

Details

       

 

Conforming Jumbo 30 Yr Fixed $417001 - $625500

Rate

APR

 

       

4.875

5.022

Details

       

 

Conforming Jumbo Fixed $625000 - $729750

Rate

APR

 

       

4.875

5.020

Details

       

 

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

Rate

APR

 

       

4.375

3.480

Details

       
 

The following are interest rate quotes from Jan Schott Bank of America, Home Loans jan.schott@bankofamerica.com 310-802-2300 :

Weekend Rates - Purchase Specials

Friday, January 21, 2011

Conforming 15/Yr Fixed to $417,000

3.875% @ 8.75/pts               4.250% @ 0/pts

Conforming 30/Yr Fixed to $417,000

4.750% @ .875/pt                4.875% @ 0/pts

Conforming High Balance 30/Yr Fixed to $729,750

4.875%@ .375/pts               5.000% @ 0/pts

Non-Conforming 5/Yr Fixed to $2,000,000

4.000 @ .750/pts                   4.250% @ 0/pts

Non-Conforming 30/Fixed to $2,000,000

5.375%@ .875/pt                 5.625%@ 0/pts

FHA Fixed to $729,750

4.750%@ .750/pt       5.000%@ 0/pts

Rates based on a Single Family Residence Purchase with 20% down, FICO score of 740 or greater, 30/day pricing.  FHA is based on Single Family Residence Purchase with 3.5% down payment, FICO score of 620, 30/day pricing.   Points are for Rate only.  Standard Closing Costs apply.  Rates not guaranteed and subject to change daily. 

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 1 commentMaureen Megowan • January 22 2011 04:57PM

Comments

Thanks for sharing your information with us. I do believe that rates will be going up in the near future.

Posted by Team Honeycutt (Allen Tate) over 7 years ago

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