WeeklyBasis 08/11/03: Rates At 1-Year High and 30-Year Lows

Rates for this week have improved by about a quarter-point, please see snapshot below for August 11, 2003. Investors have continued to reduce Treasury holdings in preparation for this Tuesday’s Fed meeting, which has brought rates up on 30- and 15-year loans. ARM programs are holding at very favorable lows. If you have read the “rates at one-year high” press stories, even though rates in June were at 45-year lows, rates now are still at 30-year lows.

Conforming ($50K – $322,700K) – NO POINTS
30 Year: 6.125% (6.265% APR)
15 Year: 5.375% (5.515% APR)
5/1 ARM: 4.75% (4.90% APR)


Jumbo ($322,701 – $650,000) – NO POINTS
30 Year: 6.325% (6.465% APR)
15 Year: 5.75% (5.89% APR)
5/1 ARM: 4.75% (4.90% APR)