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Friday, June 3, 2011

Interest rates for the week ending 6/3/11! HOT!

OCCOASTPROPERTIES:

Quick Blog!

 Bank of America rates for the week ending 6/3/11
Source: Gary Barker, BofA 949-707-2248

Interest rates remain attractive as conforming loans (30yr fixed, 20% down) stay under 4.5% at 4.375% for the second week in a row! The rates on 5/21/11 were at 4.75% for the same product! 5/1 products are under 3% at 2.75% for FIVE YEARS!



Conforming 417,000,000 with 20% down, 30yr fixed
4.375% -  1 point
4.500% -   No points

Conforming 417,000 with 20% down, 5yr fixed arm
2.750% -  1 point
3.000% -  No points

Conforming 729,500,000 with 20% down, 30yr fixed
4.375% -  1.125 point
4.500% -  .25 point

Conforming 729,500 with 25% down, 5yr fixed arm
3.000% -  .1 point
3.250% -   No points

FHA to 729,500 with 3.5% down, 5yr fixed
3.125% -  .375 point
3.250% -  No points

FHA to 729,500 with 3.500% down, 30yr fixed
4.375% -  .375 points
4.500% -  No points

Non Conforming 2,000,000 with 20% down, 5yr fixed arm
3.375% -  .750 point
3.500% -   No points

Non Conforming 2,000,000 with 20% down, 30yr fixed
4.875% -   .625 point
5.000% -   No points

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