WeeklyBasis 08/04/03: Fixed Rates Up Again

Below is a rate snapshot for reference the week of August 4, 2003. The sell-off in Treasuries continued last week, pushing yields up. Most of this effect can be seen in higher rates on 30- and 15-year loans. But I have ARM programs for all types of borrowers where rates have stayed close to all-time lows.

Conforming ($50K – $322,700K) – NO POINTS
30 Year: 6.375% (6.515% APR)
15 Year: 5.75% (5.89% APR)
5/1 ARM: 4.875% (5.025% APR)

Jumbo ($322,701 – $650,000) – NO POINTS
30 Year: 6.625% (6.765% APR)
15 Year: 6.0% (6.14% APR)
5/1 ARM: 5.0% (5.15% APR)