Mortgage Rates Monday - June 30, 2008

Mortgage Rate Trends:
short term: mortgage pricing/rates may improve today
long term: steady
Should you LOCK? If you are purchasing a home with a 30 day escrow - YES. Thinking about refinancing? Float, the market may get better. Watch for an email ALERT from me later today if rates/pricing improve.

CONFORMING RATES (up to $417,000)
30 year fixed
5.875% 2 points
6.000% 1 point
6.125% 1/2 point
6.250% -0- points
30 year fixed interest only
6.250% 1 point
6.375% 1/2 point
6.500% -0- points
5/1 ARM
5.500% 1 point
7/1 ARM
5.750% 1 point
20 year fixed
5.875% 1 3/4 points
6.000% 1 point
15 year fixed
5.500% 1 point

Mortgage Rates - Friday, June 27, 2008

MORTGAGE TREND:
short term ... slight improvement
long term ... steady
recommendation .... if purchasing LOCK! If refinancing LOCK!

Loan Amounts up to $417,000
30 year fixed
6.125% 1 point
6.250% 1/4 point
6.375% -0- points
30 year fixed interest only
6.375% 1 point
6.500$ 1/4 point
6.625% -0- points
5/1 ARM interest only
5.625% 1 point
7/1 ARM interest only
5.875% 1 point
15 year fixed
5.625% 1 point
5.750% 1/4 point
5.875% -0- points

Loan Amount from $417,001 to $697,000
6.375% 1 point
6.500% 1/2 point
6.625% 1/4 point
6.750% -0- points

Mortgage Rates - Thursday, June 26, 2008

Loan Amounts up to $417,000
30 year fixed
6.125% 1 point (APR 6.298)
6.250% 1/2 point (APR 6.254)
6.375% -0- points (APR 6.408)
30 year fixed interest only
6.375% 1 point (APR 6.502)
6.500% 1/2 point (APR 6.410)
6.625% -0- points (APR 6.745)
5/1 ARM interest only
5.750% 1 point (APR 5.984)
15 year fixed
5.750% 1 point (APR 5.984)

Loan Amounts from $417,001 to $697,000
30 year fixed
6.375% 1 point (APR 6.578)
6.750% -0- points (APR 6.877)

WELCOME

WELCOME to my new mortgage blog!

Here you will find news and information about mortgage rates, mortgage news, and information about real estate in San Diego and California.

Enjoy and be blessed!

Mike