CA Mortgage Rates 02-06-2014

Mortgage rates were slightly higher today, pulling back from a recent move to the lowest levels in nearly 3 months.  Today’s rise was only slight and borrowers wanting to avoid the possible market volatility in coming days are still near or at the lowest rates of the year.  Today rates are split between 4.25% and 4.375% in terms of the most common quoted conforming 30yr fixed rate for the very best borrower scenarios(best-execution).  When adjusted for day to day changes in closing costs, rates rose an equivalent of 0.02% today.

Today’s move higher was very much an extension of yesterday’s similar behavior.  Essentially, rates have been moving so much lower, so quickly, that periodic pull-backs are to be expected.  Yesterday’s was relatively weak, and was just off the best recent levels, so today’s losses don’t really change that picture at all.  As such, yesterday’s assessment still applies in that we’re waiting for Friday’s big Employment Situation report for the next major dose of motivation.   The risk for rates continues to be that a relatively strong jobs report solidifies the bounce higher that may be developing over the past two days.

 

 DESCRIPTION  RATE  POINTS  APR
 Agency Conforming 15 Yr Fixed  2.875   3.000  3.506
 Agency Conforming 15 Yr Fixed  3.0   2.000  3.494
 Agency Conforming 15 Yr Fixed  3.125   0.000  3.159
 Agency Conforming 15 Yr Fixed  3.25  No Closing Costs  3.25
 Agency Conforming 30 Yr Fixed  4.0   2.250  4.308
 Agency Conforming 30 Yr Fixed  4.125   0.000  4.147
 Agency Conforming 30 Yr Fixed  4.25  No Closing Costs  4.25
 Agency Conforming Refi-Plus 15 Yr Fixed  3.25   3.000  3.902
 Agency Conforming Refi-Plus 15 Yr Fixed  3.375   2.250  3.924
 Agency Conforming Refi-Plus 15 Yr Fixed  3.5   1.500  3.945
 Agency Conforming Refi-Plus 15 Yr Fixed  3.625   1.000  4.001
 Agency Conforming Refi-Plus 15 Yr Fixed  3.75   0.500  4.056
 Agency Conforming Refi-Plus 15 Yr Fixed  3.875   0.000  3.929
 Agency Conforming Refi-Plus 15 Yr Fixed  4.0  No Closing Costs  4.0
 Agency Conforming Refi-Plus 30 Yr Fixed  4.25   2.500  4.584
 Agency Conforming Refi-Plus 30 Yr Fixed  4.375   1.750  4.649
 Agency Conforming Refi-Plus 30 Yr Fixed  4.5   1.000  4.713
 Agency Conforming Refi-Plus 30 Yr Fixed  4.625   0.000  4.649
 Agency Conforming Refi-Plus 30 Yr Fixed  4.75  No Closing Costs  4.75
 Agency Jumbo 15 Yr Fixed  3.125   3.000  3.684
 Agency Jumbo 15 Yr Fixed  3.25   2.500  3.741
 Agency Jumbo 15 Yr Fixed  3.375   1.750  3.761
 Agency Jumbo 15 Yr Fixed  3.5   0.000  3.525
 Agency Jumbo 15 Yr Fixed  3.625  No Closing Costs  3.625
 Agency Jumbo 30 Yr Fixed  4.25   0.000  4.273
 Agency Jumbo 30 Yr Fixed  4.375  No Closing Costs  4.375
 Agency Jumbo Refi-Plus 15 Yr Fixed  3.625   2.750  4.251
 Agency Jumbo Refi-Plus 15 Yr Fixed  3.75   2.250  4.308
 Agency Jumbo Refi-Plus 15 Yr Fixed  3.875   2.000  4.4
 Agency Jumbo Refi-Plus 15 Yr Fixed  4.0   0.000  4.055
 Agency Jumbo Refi-Plus 15 Yr Fixed  4.125  No Closing Costs  4.125
 Agency Jumbo Refi-Plus 30 Yr Fixed  4.375   3.000  4.753
 Agency Jumbo Refi-Plus 30 Yr Fixed  4.5   2.250  4.818
 Agency Jumbo Refi-Plus 30 Yr Fixed  4.625   1.250  4.861
 Agency Jumbo Refi-Plus 30 Yr Fixed  4.75   0.750  4.946
 Agency Jumbo Refi-Plus 30 Yr Fixed  4.875   0.000  4.9
 Agency Jumbo Refi-Plus 30 Yr Fixed  5.0  No Closing Costs  5.0


Sam Stamper
Mortgage Banker

EveryLoan Mortgage


65 Enterprise #485
Aliso Viejo,
CA
92656

800-383-7956

949-734-4420


[email protected]

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