Real Estate Information Archive

Interest Rates This Week

Wednesday, March 21, 2012

by Karen Hickman

Today's Mortgage Rates

The current interest rates shown below are based on a purchase of a single-family, primary residence. For current refinance rates, contact us

as of 03/21/2012 02:43 PM Central

Product	Interest Rate	APR
Conforming¹ and FHA¹ Loans
15-Year Fixed	3.375%	3.691%
30-Year Fixed	4.125%	4.307%
30-Year Fixed FHA	4.000%	4.978%
5-Year ARM	2.375%	3.117%
7-Year ARM	2.750%	3.190%
5-Year ARM FHA	2.750%	3.120%
Jumbo¹ Loans - Amounts that exceed conforming loan limits¹
30-Year Fixed	4.625%	4.770%
5-Year ARM	2.875%	3.261%
Larger Loan Amounts in Eligible Areas - Conforming and FHA¹
30-Year Fixed	4.250%	4.382%
30-Year Fixed FHA	4.125%	5.056%
5-Year ARM	2.625%	3.157%

¹Important Disclosures, Assumptions and APR ›View/Print

Rates Provided by

All first mortgage products are provided by HomeServices Lending, LLC. HomeServices Lending, LLC may not be available in your area. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.  

Arizona Mortgage Bankers License Number: 0116911. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Georgia Residential Mortgage License Number: 32253. Kansas Licensed Mortgage Company, License Number: SL.0026321.  333 South 7th St. 27th Floor Minneapolis, MN 55402.

©2012 HomeServices Lending.  All Rights Reserved. NMLSR ID 490683

Interest Rates This Week

Wednesday, March 21, 2012

by Karen Hickman

Today's Mortgage Rates

The current interest rates shown below are based on a purchase of a single-family, primary residence. For current refinance rates, contact us

as of 03/21/2012 02:43 PM Central

Product	Interest Rate	APR
Conforming¹ and FHA¹ Loans
15-Year Fixed	3.375%	3.691%
30-Year Fixed	4.125%	4.307%
30-Year Fixed FHA	4.000%	4.978%
5-Year ARM	2.375%	3.117%
7-Year ARM	2.750%	3.190%
5-Year ARM FHA	2.750%	3.120%
Jumbo¹ Loans - Amounts that exceed conforming loan limits¹
30-Year Fixed	4.625%	4.770%
5-Year ARM	2.875%	3.261%
Larger Loan Amounts in Eligible Areas - Conforming and FHA¹
30-Year Fixed	4.250%	4.382%
30-Year Fixed FHA	4.125%	5.056%
5-Year ARM	2.625%	3.157%

¹Important Disclosures, Assumptions and APR ›View/Print

Rates Provided by

All first mortgage products are provided by HomeServices Lending, LLC. HomeServices Lending, LLC may not be available in your area. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.  

Arizona Mortgage Bankers License Number: 0116911. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Georgia Residential Mortgage License Number: 32253. Kansas Licensed Mortgage Company, License Number: SL.0026321.  333 South 7th St. 27th Floor Minneapolis, MN 55402.

©2012 HomeServices Lending.  All Rights Reserved. NMLSR ID 490683

February 2012 Sales and Price Report

Friday, March 16, 2012

by Karen Hickman

February sales and price report

Fr

For release:
March 15, 2012

California home sales post higher in February; inventory remains low

LOS ANGELES (March 15) – Recent improvements in the overall economy, combined with extremely low interest rates lifted California home sales from both the prior month and year in February, according to data from the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.). The median price dipped from January but is beginning to show signs of stabilization.

“While the median home price dipped in February, the year-over-year decline was the smallest recorded since December 2010,” said C.A.R. President LeFrancis Arnold. “This may be a signal of a possible stabilization in home prices, which should bode well for prospective buyers who have been on the sidelines waiting for prices to level out and may entice them to jump into the market.”

Closed escrow sales of existing, single-family detached homes in California totaled a seasonally adjusted annualized rate of 528,010 in February, according to information collected by C.A.R. from more than 90 local REALTOR® associations and MLSs statewide. February’s sales were up 2.1 percent from January’s revised pace of 517,120 and up 5.5 percent from the revised 500,480 sales pace recorded in February 2011. The statewide sales figure represents what would be the total number of homes sold during 2012 if sales maintained the February pace throughout the year. It is adjusted to account for seasonal factors that typically influence home sales.

“February sales posted a stronger than usual performance with sales in major metropolitan areas such as Los Angeles, Orange County, San Diego, and San Francisco all logging double-digit gains from the previous year,” said C.A.R. Vice President and Chief Economist Leslie Appleton-Young. “Recent encouraging signs in the GDP, employment picture, and consumer confidence suggest that a growing economy is in the making. All this, combined with continued-low mortgage rates, lays out a good foundation for the housing market to continue to grow as we enter the spring home buying season.”

The statewide median price of an existing, single-family detached home dipped 0.6 percent to $266,660 in February from January’s $268,280 median price. The median price was down 1.7 percent from the revised $271,370 median price recorded in February 2011.

Other key facts of C.A.R.’s February 2012 resale housing report include:

• California’s housing inventory declined in February, with the Unsold Inventory Index for existing, single-family detached homes decreasing to 5.3 months in February, down from a revised 5.7 months in January and down from the 7.5-month supply in February 2011. The index indicates the number of months needed to deplete the supply of homes on the market at the current sales rate.
• Interest rates fell to record lows again in February. Thirty-year fixed-mortgage interest rates averaged 3.89 percent during February 2012, down from 4.95 percent in February 2011, according to Freddie Mac. Adjustable-mortgage interest rates averaged 2.78 percent in February 2012, compared with 3.35 percent in February 2011.
• The median number of days it took to sell a single-family home fell to 58.9 days in February 2012 and was down from a revised 64.7 days for the same period a year ago.
• View Unsold Inventory by price range.

Note: The County MLS median price and sales data in the tables are generated from a survey of more than 90 associations of REALTORS® throughout the state, and represent statistics of existing single-family detached homes only. County sales data are not adjusted to account for seasonal factors that can influence home sales. Movements in sales prices should not be interpreted as changes in the cost of a standard home. Median prices can be influenced by changes in cost, as well as changes in the characteristics and the size of homes sold. Due to the low sales volume in some areas, median price changes in December may exhibit unusual fluctuation.

Leading the way...® in California real estate for more than 100 years, the CALIFORNIA ASSOCIATION OF REALTORS® (www.car.org) is one of the largest state trade organizations in the United States with 160,000 members dedicated to the advancement of professionalism in real estate. C.A.R. is headquartered in Los Angeles.

February 2012 County Sales and Price Activity
(Regional and condo sales data not seasonally adjusted)

Feb-12	Median Price of Existing Single-Family Homes						Sales
State/Region/County	Feb-12	Jan-12	Feb-11		MTM% Chg	YTY% Chg	MTM% Chg	YTY% Chg
California Single-family	$266,660	$268,280	$271,370	r	-0.6%	-1.7%	2.1%	5.5%
CA Condo/Townhomes	$216,520	$215,690	$235,790	r	0.4%	-8.2%	12.5%	9.3%
Los Angeles Metropolitan Area	$264,430	$256,000	$266,830		3.3%	-0.9%	6.2%	7.5%
Inland Empire	$172,600	$169,280	$174,040		2.0%	-0.8%	5.2%	3.0%
S.F. Bay Area	$438,280	$415,120	$443,880	r	5.6%	-1.3%	7.7%	15.3%

S.F. Bay Area
Alameda	$402,880	$395,830	$458,060		1.8%	-12.0%	-5.2%	12.0%
Contra-Costa (Central County)	$515,620	$476,470	$516,670		8.2%	-0.2%	11.1%	1.7%
Marin	$732,140	$694,440	$632,580		5.4%	15.7%	-0.8%	13.1%
Napa	$348,000	$344,740	$354,760		0.9%	-1.9%	-1.1%	20.0%
San Francisco	$592,950	$561,270	$606,560		5.6%	-2.2%	32.9%	33.7%
San Mateo	$582,500	$578,500	$591,500	r	0.7%	-1.5%	14.8%	12.0%
Santa Clara	$530,000	$495,000	$520,000	r	7.1%	1.9%	13.6%	5.0%
Solano	$179,020	$184,440	$191,780	r	-2.9%	-6.7%	1.6%	30.4%
Sonoma	$324,710	$326,920	$315,340		-0.7%	3.0%	4.6%	32.4%
Southern California
Los Angeles	$272,690	$290,890	$286,100	r	-6.3%	-4.7%	6.5%	12.7%
Orange County	$485,380	$483,510	$496,540		0.4%	-2.2%	10.8%	13.1%
Riverside County	$200,730	$196,050	$203,640	r	2.4%	-1.4%	7.0%	3.8%
San Bernardino	$132,500	$129,920	$131,470		2.0%	0.8%	2.2%	1.7%
San Diego	$362,470	$350,680	$367,770		3.4%	-1.4%	13.1%	21.1%
Ventura	$392,350	$386,870	$389,650		1.4%	0.7%	0.3%	-8.7%
Central Coast
Monterey	$265,000	$280,000	$231,000	r	-5.4%	14.7%	2.8%	-15.1%
San Luis Obispo	$354,350	$363,640	$328,750		-2.6%	7.8%	22.5%	17.4%
Santa Barbara	$345,000	$356,000	$380,000		-3.1%	-9.2%	-3.5%	30.2%
Santa Cruz	$499,950	$422,500	$452,000	r	18.3%	10.6%	19.2%	27.8%
Central Valley
Fresno	$142,300	$131,070	$141,360		8.6%	0.7%	8.5%	7.9%
Kern (Bakersfield)	$119,980	$130,000	$125,000		-7.7%	-4.0%	-10.6%	-5.3%
Kings County	$144,440	$145,710	$154,000		-0.9%	-6.2%	12.5%	26.3%
Madera	$103,330	$113,750	$149,230		-9.2%	-30.8%	32.3%	-41.4%
Merced	$119,280	$112,000	$117,270		6.5%	1.7%	25.0%	-8.0%
Placer County	$251,450	$258,210	$269,670		-2.6%	-6.8%	28.5%	28.5%
Sacramento	$163,870	$162,290	$168,800		1.0%	-2.9%	7.9%	16.2%
San Benito	$255,500	$260,000	$285,000		-1.7%	-10.4%	-2.0%	19.0%
Tulare	$119,330	$116,670	$120,340		2.3%	-0.8%	-0.8%	15.3%
Other Counties in California
Amador	$176,670	$135,000	$200,000		30.9%	-11.7%	38.9%	78.6%
Butte County	$177,860	$194,000	$190,000		-8.3%	-6.4%	25.3%	65.0%
Humboldt	$232,950	$220,000	$238,890		5.9%	-2.5%	6.9%	83.3%
Lake County	$103,640	$118,570	$123,330		-12.6%	-16.0%	15.9%	15.9%
Tuolumne	$165,000	$147,140	$192,500	r	12.1%	-14.3%	48.9%	63.4%
Mendocino	$190,000	$190,000	$200,000		0.0%	-5.0%	-16.2%	-8.8%
Shasta	$141,900	$151,670	$162,110		-6.4%	-12.5%	10.7%	60.7%
Siskiyou County	$123,330	$123,330	$140,000		0.0%	-11.9%	0.0%	50.0%
Tehama	$85,000	$110,000	$83,330		-22.7%	2.0%	11.8%	58.3%

February 2012 County Unsold Inventory and Time on Market
(Regional and condo sales data not seasonally adjusted)

February-12	Unsold Inventory Index					Median Time on Market
State/Region/County	Feb-12	Jan-12		Feb-11		Feb-12	Jan-12	Feb-11
California Single-family	5.3	5.7	r	7.5	r	58.9	61.9	64.7	r
CA Condo/Townhomes	5.5	6.2	r	7.8		67.1	72.5	71.8
Los Angeles Metropolitan Area	5.9	6.3		7.5		63.2	64.2	64.0
Inland Empire	5.3	5.7		6.3		57.1	56.5	54.8
S.F. Bay Area	4.2	4.5		6.8	r	62.7	73.9	71.3

S.F. Bay Area
Alameda	5.0	4.3		6.9		87.8	98.5	96.1
Contra-Costa (Central County)	5.0	5.2		6.5		87.5	97.0	107.5
Marin	4.0	5.2		8.4		102.1	83.1	110.6
Napa	6.4	6.3		9.9		85.9	87.9	92.6
San Francisco	4.8	6.0		8.5		47.3	66.9	68.3
San Mateo	4.0	4.5		6.1	r	36.8	40.3	36.4	r
Santa Clara	3.5	3.8		5.1	r	28.0	37.7	39.8	r
Solano	3.7	3.8		7.8		53.1	62.0	62.6
Sonoma	4.5	4.9		8.1		93.0	101.1	80.2
Southern California
Los Angeles	5.7	6.1		7.8		59.5	64.0	62.1	r
Orange County	7.1	8.0		9.6		82.0	78.4	85.9
Riverside County	5.5	6.0		6.4		58.3	59.3	64.2
San Bernardino	5.1	5.2		6.2		55.0	52.3	53.4
San Diego	6.3	7.1		8.9		59.0	62.6	62.9
Ventura	8.2	7.9		7.2		86.5	89.4	85.3
Central Coast
Monterey	5.4	5.7		5.8	r	44.2	46.7	50.0	r
San Luis Obispo	5.9	7.0		8.4		69.1	85.5	80.6
Santa Barbara	6.7	6.5		9.5		74.7	75.8	95.8	r
Santa Cruz	5.4	6.3		8.1		56.1	43.9	68.7	r
Central Valley
Fresno	4.0	4.6		NA		44.6	41.0	46.7
Kern (Bakersfield)	3.1	2.4	r	6.1	r	NA	NA	NA
Kings County	4.1	4.6		6.7		70.7	49.8	65.8
Madera	3.8	5.6		7.8		58.4	35.8	50.3
Merced	4.3	5.3		5.3		52.4	41.5	33.7
Placer County	NA	NA		NA		NA	NA	NA
Sacramento	4.5	4.8	r	6.7	r	45.0	41.5	52.8
San Benito	3.7	3.4		6.0		49.1	52.8	47.6
Tulare	4.9	4.9		6.7		29.6	31.5	50.2
Other Counties in California
Amador	5.4	7.7		10.0		76.8	91.0	129.7
Butte County	4.5	5.9		9.8		68.7	65.8	99.3
Humboldt	6.6	6.9		13.8		62.8	79.5	73.4
Lake County	5.7	6.8		8.4		86.1	104.1	112.8
Tuolumne	5.5	8.4		11.0	r	52.1	71.9	103.1
Mendocino	9.6	7.8		11.0		78.1	75.5	91.0
Shasta	4.6	5.0		10.5		50.3	48.3	76.8
Siskiyou County	12.6	11.4		20.2	r	125.5	123.9	111.3	r
Tehama	6.5	7.3		12.6		56.8	78.4	49.1

This Week's Interest Rates

Wednesday, March 14, 2012

by Karen Hickman

Today's Mortgage Rates

The current interest rates shown below are based on a purchase of a single-family, primary residence. For current refinance rates, contact us

as of 03/14/2012 01:52 PM Central

Product	Interest Rate	APR
Conforming¹ and FHA¹ Loans
15-Year Fixed	3.375%	3.691%
30-Year Fixed	4.125%	4.307%
30-Year Fixed FHA	3.875%	4.839%
5-Year ARM	2.375%	3.117%
7-Year ARM	2.750%	3.190%
5-Year ARM FHA	2.750%	3.038%
Jumbo¹ Loans - Amounts that exceed conforming loan limits¹
30-Year Fixed	4.625%	4.770%
5-Year ARM	2.875%	3.261%
Larger Loan Amounts in Eligible Areas - Conforming and FHA¹
30-Year Fixed	4.250%	4.382%
30-Year Fixed FHA	4.000%	4.923%
5-Year ARM	2.625%	3.157%

¹Important Disclosures, Assumptions and APR ›View/Print

Rates Provided by

All first mortgage products are provided by HomeServices Lending, LLC. HomeServices Lending, LLC may not be available in your area. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.  

Arizona Mortgage Bankers License Number: 0116911. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Georgia Residential Mortgage License Number: 32253. Kansas Licensed Mortgage Company, License Number: SL.0026321.  333 South 7th St. 27th Floor Minneapolis, MN 55402.

©2012 HomeServices Lending.  All Rights Reserved. NMLSR ID 490683

Current Interest Rates

Wednesday, March 07, 2012

by Karen Hickman

Today's Mortgage Rates

The current interest rates shown below are based on a purchase of a single-family, primary residence. For current refinance rates, contact us

as of 03/07/2012 09:02 AM Central

Product	Interest Rate	APR
Conforming¹ and FHA¹ Loans
30-Year Fixed	4.000%	4.180%
30-Year Fixed FHA	3.750%	4.705%
15-Year Fixed	3.125%	3.438%
5-Year ARM	2.250%	3.074%
7-Year ARM	2.500%	3.076%
5-Year ARM FHA	2.750%	3.038%
Larger Loan Amounts in Eligible Areas - Conforming and FHA¹
30-Year Fixed	4.000%	4.130%
30-Year Fixed FHA	3.875%	4.784%
5-Year ARM	2.500%	3.114%
Jumbo¹ Loans - Amounts that exceed conforming loan limits¹
30-Year Fixed	4.375%	4.518%
5-Year ARM	2.625%	3.174%

¹Important Disclosures, Assumptions and APR ›View/Print

Rates Provided by

All first mortgage products are provided by HomeServices Lending, LLC. HomeServices Lending, LLC may not be available in your area. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.  

Arizona Mortgage Bankers License Number: 0116911. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Georgia Residential Mortgage License Number: 32253. Kansas Licensed Mortgage Company, License Number: SL.0026321.  333 South 7th St. 27th Floor Minneapolis, MN 55402.

©2012 HomeServices Lending.  All Rights Reserved. NMLSR ID 490683

This Week's Interest Rates

Wednesday, February 29, 2012

by Karen Hickman

Today's Mortgage Rates

The current interest rates shown below are based on a purchase of a single-family, primary residence. For current refinance rates, contact us

as of 02/29/2012 11:13 AM Central

Product	Interest Rate	APR
Conforming¹ and FHA¹ Loans
30-Year Fixed	4.000%	4.180%
30-Year Fixed FHA	3.750%	4.705%
15-Year Fixed	3.125%	3.438%
5-Year ARM	2.250%	3.074%
7-Year ARM	2.500%	3.076%
5-Year ARM FHA	2.750%	3.038%
Larger Loan Amounts in Eligible Areas - Conforming and FHA¹
30-Year Fixed	4.000%	4.130%
30-Year Fixed FHA	3.875%	4.784%
5-Year ARM	2.500%	3.114%
Jumbo¹ Loans - Amounts that exceed conforming loan limits¹
30-Year Fixed	4.375%	4.518%
5-Year ARM	2.625%	3.174%

¹Important Disclosures, Assumptions and APR ›View/Print

Rates Provided by

All first mortgage products are provided by HomeServices Lending, LLC. HomeServices Lending, LLC may not be available in your area. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.  

Arizona Mortgage Bankers License Number: 0116911. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Georgia Residential Mortgage License Number: 32253. Kansas Licensed Mortgage Company, License Number: SL.0026321.  333 South 7th St. 27th Floor Minneapolis, MN 55402.

©2012 HomeServices Lending.  All Rights Reserved. NMLSR ID 490683

The Tax Benefits of Refinancing

Friday, February 24, 2012

by Karen Hickman

From SmartMoney.com , February 23, 2012

By BILL BISCHOFF

Many people refinanced their mortgages in 2011 to take advantage of super-low interest rates.

If you refinanced last year, here's how to make sure you claim all your rightful deductions on your 2011 return.

Deducting Your Mortgage Interest

Say your original mortgage was $200,000. On July 1, 2011, you took out a new 30-year, $300,000 mortgage and paid 1 1/2 points, or $4,500, for the privilege. (Each point represents 1% of your total loan amount.) You then used the extra $100,000 from the new mortgage to eliminate some high-interest credit-card bills, pay off your car loans and cover various other expenses.

Assuming your home was worth at least $300,000 when you refinanced, you have, in effect, two new mortgages as far as the Internal Revenue Service is concerned. The first $200,000 of your new loan (the balance on your old mortgage when you paid it off) is treated as "home-acquisition debt." And the interest on this qualifies as an itemized deduction on line 10 of your Schedule A.

The remaining $100,000 of your new loan is treated as home-equity debt. The interest on this should also qualify as an itemized deduction on line 10 of your Schedule A. But keep one thing in mind: The IRS only recognizes home-equity loans up to $100,000; you can't deduct the interest paid on principal above that figure.

Also, if the home-acquisition debt plus the home-equity debt exceeded the fair-market value of your home, you generally can't deduct the interest on the excess debt. Say your home was worth $240,000 when you took out that new $300,000 loan. You can deduct the interest on the $200,000 of acquisition debt. However, for the home equity debt, you can only deduct the interest on $40,000. So you can deduct 80% ($240,000/$300,000) of the total mortgage interest on line 10 of your Schedule A. (The interest on the remaining $60,000 of debt is generally considered a nondeductible personal expense, though there are a couple of exceptions, like if you used the loan proceeds to finance your small business.)

Talking Points

You can also amortize the points related to the home-acquisition-debt part of the new loan ($3,000 in our example) over the life of the loan. Say it's a 30-year loan (360 months). Your amortization deduction would be $8.33 a month ($3,000 divided by 360), for a grand total of $99.96 a year. Every little bit helps, right?

What about the points related to the home-equity debt ($1,500 in our example)? You can amortize those in the same proportion as the interest, provided that the home-equity debt is $100,000 or less, and the home's value isn't less than the home-equity debt plus the acquisition debt. Claim the amortization write-off for your home-mortgage points on line 10 or 12 of Schedule A.

This brings us to our last potential deduction. If you previously refinanced your mortgage and paid points, you probably have a good-sized unamortized (or not-yet-deducted) balance for those points. You can generally deduct that entire unamortized amount when you refinance again. For example, say the mortgage you refinanced last year was taken out in a previous refinancing deal done six years earlier, back in 2005. At that time you paid $2,000 in points for your 30-year loan. You should have $1,600 worth of unamortized points left over from the 2005 loan (80% of the original $2,000 amount). On your 2011 return, don't forget to deduct the $1,600 of unamortized points. Claim your write-off on line 12 of Schedule A.

This week's Interest Rates

Wednesday, February 22, 2012

by Karen Hickman

Today's Mortgage Rates

The current interest rates shown below are based on a purchase of a single-family, primary residence. For current refinance rates, contact us

as of 02/22/2012 09:32 AM Central

Product	Interest Rate	APR
Conforming¹ and FHA¹ Loans
30-Year Fixed	4.000%	4.180%
30-Year Fixed FHA	3.875%	4.682%
15-Year Fixed	3.250%	3.565%
5-Year ARM	2.375%	3.199%
7-Year ARM	2.625%	3.200%
5-Year ARM FHA	2.750%	2.899%
Larger Loan Amounts in Eligible Areas - Conforming and FHA¹
30-Year Fixed	4.125%	4.256%
30-Year Fixed FHA	4.000%	4.765%
5-Year ARM	2.500%	3.195%
Jumbo¹ Loans - Amounts that exceed conforming loan limits¹
30-Year Fixed	4.375%	4.518%
5-Year ARM	2.750%	3.299%

¹Important Disclosures, Assumptions and APR ›View/Print

Rates Provided by

All first mortgage products are provided by HomeServices Lending, LLC. HomeServices Lending, LLC may not be available in your area. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.  

Arizona Mortgage Bankers License Number: 0116911. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Georgia Residential Mortgage License Number: 32253. Kansas Licensed Mortgage Company, License Number: SL.0026321.  333 South 7th St. 27th Floor Minneapolis, MN 55402.

©2012 HomeServices Lending.  All Rights Reserved. NMLSR ID 490683

Current Interest Rates

Wednesday, February 15, 2012

by Karen Hickman

Today's Mortgage Rates

The current interest rates shown below are based on a purchase of a single-family, primary residence. For current refinance rates, contact us

as of 02/15/2012 09:33 AM Central

Product	Interest Rate	APR
Conforming¹ and FHA¹ Loans
30-Year Fixed	3.875%	4.054%
30-Year Fixed FHA	3.750%	4.550%
15-Year Fixed	3.125%	3.438%
5-Year ARM	2.250%	3.156%
7-Year ARM	2.625%	3.200%
5-Year ARM FHA	2.750%	2.899%
Larger Loan Amounts in Eligible Areas - Conforming and FHA¹
30-Year Fixed	4.000%	4.130%
30-Year Fixed FHA	3.750%	4.497%
5-Year ARM	2.500%	3.195%
Jumbo¹ Loans - Amounts that exceed conforming loan limits¹
30-Year Fixed	4.125%	4.266%
5-Year ARM	2.625%	3.256%

¹Important Disclosures, Assumptions and APR ›View/Print

Rates Provided by

All first mortgage products are provided by HomeServices Lending, LLC. HomeServices Lending, LLC may not be available in your area. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.  

Arizona Mortgage Bankers License Number: 0116911. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Georgia Residential Mortgage License Number: 32253. Kansas Licensed Mortgage Company, License Number: SL.0026321.  333 South 7th St. 27th Floor Minneapolis, MN 55402.

©2011 HomeServices Lending.  All Rights Reserved. NMLSR ID 490683

Low Interest Rates for the Week!

Wednesday, February 08, 2012

by Karen Hickman

Today's Mortgage Rates

The current interest rates shown below are based on a purchase of a single-family, primary residence. For current refinance rates, contact us

as of 02/08/2012 09:23 AM Central

Product	Interest Rate	APR
Conforming¹ and FHA¹ Loans
30-Year Fixed	3.875%	4.054%
30-Year Fixed FHA	3.750%	4.550%
15-Year Fixed	3.125%	3.438%
5-Year ARM	2.250%	3.156%
7-Year ARM	2.500%	3.143%
5-Year ARM FHA	2.750%	2.899%
Larger Loan Amounts in Eligible Areas - Conforming and FHA¹
30-Year Fixed	4.000%	4.130%
30-Year Fixed FHA	3.750%	4.497%
5-Year ARM	2.500%	3.195%
Jumbo¹ Loans - Amounts that exceed conforming loan limits¹
30-Year Fixed	4.125%	4.266%
5-Year ARM	2.500%	3.213%

¹Important Disclosures, Assumptions and APR ›View/Print

Rates Provided by

All first mortgage products are provided by HomeServices Lending, LLC. HomeServices Lending, LLC may not be available in your area. Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.  

Arizona Mortgage Bankers License Number: 0116911. Licensed by the Department of Corporations under the California Residential Mortgage Lending Act. Georgia Residential Mortgage License Number: 32253. Kansas Licensed Mortgage Company, License Number: SL.0026321.  333 South 7th St. 27th Floor Minneapolis, MN 55402.