Interest Rates for the week ending June 24th

OCCOASTPROPERTIES reports:

"Interest Rates for week ending June 24, 2011"

Steve  Mino and Natalie Vizir report that interest rates continue to stay at historic lows. All rates remained the same from the previous week with the exception of the conforming $417k/20% down/5 year ARM product which dropped yet another 1/8th with points dropping to 1/2%. Natalie Vizir of OCCOASTPROPERTIES attributes the low rates and subsequent drop to "the continued strength of the bond market and the influence of the yearly summer buying season."

Conforming 417,000,000 with 20% down, 30yr fixed

4.375% -  .75 point

4.500% -   No points

Conforming 417,000 with 20% down, 5yr fixed arm

2.750% -  .50 point

2.875% -  No points

Conforming 729,500,000 with 20% down, 30yr fixed

4.375% -  .75 point

4.500% -  No points

Conforming 729,500 with 20% down, 5yr fixed arm

3.000% -  1 point

3.250% -   No points

FHA to 729,500 with 3.5% down, 5yr fixed

3.125% -  1 point

3.250% -  No points

FHA to 729,500 with 3.500% down, 30yr fixed

4.375% -  .50 point

4.500% -  No points

Non Conforming 2,000,000 with 20% down, 5yr fixed arm

3.250% -  1 point

3.500% -   No points

Non Conforming 2,000,000 with 20% down, 30yr fixed

4.750% -   .50 point

4.875% -   No points

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Steve Mino & Natalie Vizir

Century 21

OCCOASTPROPERTIES.COM

Steve: 949-300-7412

Natalie: 949-300-5074

"A rich man is one that realizes his friends and family are his most valuable possessions"

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