WeeklyBasis 09/22/03: Rates Down on Jobs & Housing Data

The rate snapshot below is for reference the week of September 22, 2003. Rates this week are about 0.25% lower than last week. This week’s economic calendar is fairly light, so unless Thursday’s Jobless Claims as well as new and existing home sales reports (for August) are significantly off consensus estimates, there shouldn’t be significant rate fluctuations this week. New and existing home sales estimates for August are expected to be lower, but are still the third and second highest months on record, respectively.

Conforming ($50K – $322,700K) – NO POINTS
30 Year: 5.875% (6.015% APR)
15 Year: 5.25% (5.29% APR)
5/1 ARM: 4.75% (4.90% APR)

Jumbo ($322,701 – $650,000) – NO POINTS
30 Year: 6.25% (6.39% APR)
15 Year: 5.5% (5.64% APR)
5/1 ARM: 5.0% (5.15% APR)