St. Louis Mortgage Rates | May 28, 2008

 

St Louis Best Mortgage Rates [No Points]

30 Fixed/apr | 6.250% /6.350%

30 FHA/apr | 6.375% /6.875%

15 Fixed/apr | 5.875% /5.975%

7yr Arm/apr | 5.875% /5.975%

5yr Arm/apr | 5.875% /5.975%

3yr Arm/apr | 5.875% /5.975%

30 Jumbo/apr | n/a

15 Jumbo /apr | n/a

7/1 Jumbo /apr | 7.375% /7.425%

5/1 Jumbo /apr | 7.375% /7.425%

3/1 Jumbo /apr | 6.875% /6.925%

St Louis Best Mortgage Rates [1% Point]

30 Fixed/apr | 6.000% /6.200%

30 FHA/apr | 6.000% /6.700%

15 Fixed/apr | 5.500% /5.700%

7yr Arm/apr | 5.375% /5.575%

5yr Arm/apr | 5.250% /5.450%

3yr Arm/apr | 5.000% /5.200%

30 Jumbo/apr | 7.375% /7.475%

15 Jumbo /apr | 6.500% /6.600%

7/1 Jumbo /apr | 6.750% /6.875%

5/1 Jumbo /apr | 6.250% /6.350%

3/1 Jumbo /apr | 6.000% /6.200%

St. Louis Mortgage Rates | May 27, 2008

 

St Louis Best Mortgage Rates [No Points]

30 Fixed/apr | 6.125% /6.225%

30 FHA/apr | 6.250% /6.750%

15 Fixed/apr | 5.625% /5.725%

7yr Arm/apr | 5.750% /5.850%

5yr Arm/apr | 5.625% /5.725%

3yr Arm/apr | 5.625% /5.725%

30 Jumbo/apr | n/a

15 Jumbo /apr | 7.125% /7.175%

7/1 Jumbo /apr | n/a

5/1 Jumbo /apr | 7.000% /7.050%

3/1 Jumbo /apr | 6.875% /6.925%

St Louis Best Mortgage Rates [1% Point]

30 Fixed/apr | 5.875% /6.075%

30 FHA/apr | 6.000% /6.700%

15 Fixed/apr | 5.375% /5.575%

7yr Arm/apr | 5.250% /5.450%

5yr Arm/apr | 5.125% /5.325%

3yr Arm/apr | 4.875% /5.075%

30 Jumbo/apr | 7.250% /7.350%

15 Jumbo /apr | 6.375% /6.475%

7/1 Jumbo /apr | 6.500% /6.700%

5/1 Jumbo /apr | 6.125% /6.225%

3/1 Jumbo /apr | 6.000% /6.200%

St. Louis Best Mortgage Rates

 St Louis Best Mortgage Rates [No Points]

• 30 Fixed/apr | 5.875% /5.975%

• 30 FHA/apr | 6.250% /6.750%

• 15 Fixed/apr | 5.500% /5.600%

• 7yr Arm/apr | 5.625% /5.725%

• 5yr Arm/apr | 5.500% /5.000%

• 3yr Arm/apr | 5.500% /4.750%

• 30 Jumbo/apr | n/a

• 15 Jumbo /apr | 6.750% /6.950%

• 7/1 Jumbo /apr | 6.750% /6.850%

• 5/1 Jumbo /apr | 6.750% /6.850%

• 3/1 Jumbo /apr | 6.375% /6.575%

St Louis Best Mortgage Rates [1% Point]

• 30 Fixed/apr | 5.625% /5.825%

• 30 FHA/apr | 6.000% /6.200%

• 15 Fixed/apr | 5.250% /5.450%

• 7yr Arm/apr | 5.125% /5.325%

• 5yr Arm/apr | 5.000% /5.200%

• 3yr Arm/apr | 4.750% /4.950%

• 30 Jumbo/apr | 7.125% /7.225%

• 15 Jumbo /apr | 6.250% /6.350%

• 7/1 Jumbo /apr | 6.250% /6.350%

• 5/1 Jumbo /apr | 6.000% /6.100%

• 3/1 Jumbo /apr | 5.875% /6.975%

St Louis Best Mortgage Rates

St Louis Best Mortgage Rates [No Points]

• 30 Fixed/apr | 5.875% /5.975%

• 30 FHA/apr | 6.250% /6.750%

• 15 Fixed/apr | 5.500% /5.600%

• 7yr Arm/apr | 5.625% /5.725%

• 5yr Arm/apr | 5.500% /5.000%

• 3yr Arm/apr | 5.500% /4.750%

• 30 Jumbo/apr | n/a

• 15 Jumbo /apr | 6.875% /6.950%

• 7/1 Jumbo /apr | 6.750% /6.850%

• 5/1 Jumbo /apr | 6.750% /6.850%

• 3/1 Jumbo /apr | 6.500% /6.575%

St Louis Best Mortgage Rates [1% Point]

• 30 Fixed/apr | 5.625% /5.825%

• 30 FHA/apr | 6.000% /6.200%

• 15 Fixed/apr | 5.250% /5.450%

• 7yr Arm/apr | 5.125% /5.325%

• 5yr Arm/apr | 5.000% /5.200%

• 3yr Arm/apr | 4.750% /4.950%

• 30 Jumbo/apr | 7.125% /7.225%

• 15 Jumbo /apr | 6.250% /6.350%

• 7/1 Jumbo /apr | 6.250% /6.350%

• 5/1 Jumbo /apr | 6.000% /6.100%

• 3/1 Jumbo /apr | 5.875% /6.975%

Mortgage Rates Predictions

 

Mortgage Rates Predictions  

The Fannie Mae Bond is +35bp on the day @ 100.16.  The 200 day moving average held up.  Initial Jobless claims, Empire State Index, Capacity Utilization, and Industrial Production all reported worse than expected results.  The Philadelphia Fed Index was better than predicted, but still bad.  With the recent talk of inflation concerns, the stock market will not be counting on any more stimuli from Fed Rate Cuts.  When we receive weak economic news investors hopefully will get back to considering Mortgage Backed Securities as low risk safe investments… bring Mortgage Rates Down!  We should see continued improvement in rates today.

Conforming No Points & 1%

30 Fixed  6.000% | 5.750%

15 Fixed 5.750% | 5.375%

7/1 Arm 5.875% | 5.375%

5/1 Arm 5.625% | 5.125%

3/1 Arm 6.125% | 5.000%

30 Fixed FHA 6.125%

15 Fixed FHA 6.250%

Jumbo No Points & 1%

30 Fixed N/A | 7.125%

15 Fixed 7.000% | 6.375%

7/1 Arm 6.875% | 6.375%

5/1 Arm 6.750% | 6.125%

3/1 Arm 6.500% | 5.750%

1/1 Arm n/a | 5.125%

 

(This information has been compiled for Real Estate Professionals and is not intended for public distribution as it does not comply with REG Z Truth-In-Lending disclosure requirements.)

Mortgage Rates Predictions

 

Mortgage Rates Predictions  

The Fannie Mae Bond is -3bp on the day @ 99.62.  This morning the CPI Index was better than economist expected.  A modest CPI is a sign that inflation concerns may cool off.  The good inflation news benefited both the Stock and Bond market earlier this morning.  Unfortunately for mortgage rates, the stock market seams to be winning and some lenders have already increased rates this afternoon.  The 200 day moving average continues to be a solid support for bonds and if the Philly Fed Index is weak tomorrow we could see BETTER RATES TOMORROW.  The volatility is absolutely insane though.  If there are any layers or risk to your mortgage [ex. <720 credit, low down payment, ARM, JUMBO...] I still stand by my Lock and Close ASAP recommendation.  Notice the +.5% increase in a number of ARMs in the last couple of days!

 

Conforming No Points & 1%

30 Fixed  6.125% | 5.875%

15 Fixed 5.750% | 5.500%

7/1 Arm 5.500% | 5.375%

5/1 Arm 5.750% | 5.125%

3/1 Arm 5.625% | 5.000%

30 Fixed FHA 6.250%

15 Fixed FHA 6.375%

Jumbo No Points & 1%

30 Fixed N/A | 7.250%

15 Fixed 7.000% | 6.375%

7/1 Arm 6.875% | 6.375%

5/1 Arm 6.750% | 6.125%

3/1 Arm 6.500% | 5.750%

1/1 Arm n/a | 5.125%

 

(This information has been compiled for Real Estate Professionals and is not intended for public distribution as it does not comply with REG Z Truth-In-Lending disclosure requirements.)

Grau Team Mortgage Wrap Up | 30F 6.375% 15F 5.750% 7/1A 5.375% [1%]

This has been quite a week for Mortgage Rates.  Monday-Thursday Mortgage Backed Securities dropped -272bp.  Each 40-50bp move is equivalent to .125% change in interest rates.  Rates raised almost .75% in 4 days!  Today we made up significant gains after the Employment Report showed Non-Farm Payrolls declined by -63,000.  We have strong rates going in to this weekend and look forward to next weeks Economic Reports.

RATES for FRIDAY MAR07 Read more

grauteam mortgage update | 2.4.2008 | 30F 5.625% 15F 5.250%

Mortgage Bonds have been inversely reacting to the Stock Market volatility.  Since the only upcoming economic reports are not High Impact Read more

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