Mortgage Rates and Comments - March 5, 2010 as of 1:00 a.m. C.S.T.
Loan Type
Maximum
Rate
APR
Conventional 30 Yr. Fixed
$417,000
4.875%
4.944%
Conventional 15 Yr. Fixed
$417,000
4.375%
4.445%
FHA 30-Yr Fixed
$271,050*
5.000%
5.574%
VA 30-Yr Fixed
$417,000
5.000%
5.221%
Conventional 5/1 ARM
$417,000
3.750%
3.308%
Conventional 3/1 ARM
$417,000
3.875%
6.320%
REVERSE Mortgage
(62+ YEARS OLD) CALL FOR DETAILS
Rates, APR's and programs subject to change at any time and without notice due to market flucuations. Rates are quoted with 0 points unless noted above. Rates posted are based on a $100,000+ loan amount, 95% LTV or less, escrows, owner-occupied, and purchase or no cash-out refinance. FHA rate is based on a 660+ lowest median credit score. 30 Yr. Fixed rate is based on a 740+ lowest median credit score.
**FHA lending limits are county specific. Greene County, MO has a lending limit of $271,050 for one-family and $347,000 for two-family homes.
For up-to-date rates & other options contact a Oakstar Bank Mortgage lender, click here or call (417) 447-9555.
Against a consensus forecast for a decline of -50K jobs, the economy lost -36K
jobs in February, and the results from prior months were revised higher. The
Unemployment Rate remained unchanged from January at 9.7%, which was lower than
expected. The payrolls figures and the unemployment rate are calculated from two
separate sets of data. The payrolls report focuses on larger companies, while
the unemployment survey covers all companies. The unemployment survey showed an
increase of 308K jobs in February, indicating that smaller companies were the
source of significant job gains. Investors were surprised by the strength of
today's data, and MBS markets fell after the news. The Dow is up 50 points. No
more economic data will be released today.
Closing Prices
30Yr Treasury bond
4.640%
10Yr Treasury note
3.760%
2 Yr Treasury note
0.920%
Fed Funds
0.25%
6 Mo Bill
0.130%
Prime Rate
3.25%
2010 Conforming Loan Limits For Southwest Missouri
1-Unit
$417,000
2-Units
$533,850
3-Units
$645,300
4-Units
$801,950
You can count on the Oakstar Bank Mortgage team for all your real estate lending related needs:
