The following are the rates as of 7:00AM PCT May 16, 2012. Rates are subject to change without notice(The rates are for California only).
The Rates are all for no points no fees(No Closing Cost at all, It will be lower if the borrower will pay the closing cost and/or points, certain loan amount and credit scores required). The rates may be higher for purchase. We assumed 400k for conforming; 600k for high balance loans.
Conforming(<=417k) High Balance(>417k & <=625,500) 30Yr. Fixed 3.500% 30Yr. Fixed 3.750% 15Yr. Fixed 2.875% 15Yr. Fixed 3.000% 5/1 ARM 2.500% 5/1 ARM 2.750%