Interest rates for buying a home on the Palos Verdes Peninsula edged higher this week.The following are excerpts from the newsletter on interest rates published by HSH Associates :
“Mortgage rates wobbled higher this week, pressed there by Fed Chair Janet Yellen’s comments which followed last week’s Federal Reserve meeting. Meanwhile, the freshest data about the economy continues to be a mixed bag, but one with perhaps a little warmer glow than seen earlier in the year.
“A busy calendar of fresh March data is out next week, capped by Friday’s employment report. To the extent that weather was the factor which subdued all things economic in January and February, we should see improvements in a number of reports, including the ISM twins and auto sales. If so, this will tend to lift mortgage rates a little during the week, and any outsized reading for employment gains on Friday would tend to exacerbate any rise. At the moment, we think we’ll see another 3-5 basis point increase in rates for the week. “
The following are interest rate quotes from American California Financial:
|
30 Yr Fixed FHA |
||||||
|
Rate |
APR |
|
||||
|
3.750 |
5.054 |
|
Conforming 30 Yr Fixed up to $417000 |
||||||
|
Rate |
APR |
|
||||
|
4.500 |
4.623 |
|
Conforming Jumbo 30 Yr Fixed $417001 – $625500 |
||||||
|
Rate |
APR |
|
||||
|
4.500 |
4.611 |
|
Jumbo 30 Yr. to $1.5 Mil |
||||||
|
Rate |
APR |
|
||||
|
4.500 |
4.596 |
|
Jumbo 7/1 ARM $1.5 Mil (higher loan amt available) |
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|
Rate |
APR |
|
||||
|
3.625 |
3.278 |
For more information about Palos Verdes and South Bay Real Estate and buying and selling a home on the Palos Verdes Peninsula, visit my website at https://www.maureenmegowan.com . I try to make this the best real estate web blog in the South Bay Los Angeles and the Palos Verdes Peninsula. I would love to hear your comments or suggestions.
