Serving the Greater Los Angeles Area

JUMBO
30 yr Fixed 5.375% (unchanged)
5/1 ARM 4.875% (unchanged)

CONFORMING (up to $417,000)
30 yr Fixed 4.875% (unchanged)

15 yr Fixed 4.375% (up 1/8)

5/1 ARM 3.625% (unchanged)
10/1 ARM 4.375% (unchanged)

CONFORMING + LOANS (417,001 - $729,750)
Purchase and no cash out, use conforming rates add up to 1/2 point fee at closing.
These price adjusters are subject to change

Prime Rate = 3.250% (unchanged)

APR: 30 yr = 5.23%, 15yr = 4.55%, 5/1 = 4.25%, 10/1 = 5.22%

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:: Market Update ::

The debate raging among bond market investors is over inflation. While the current economic environment shows very tame inflation, the conditions are ripe for future problems. Investors around the globe see massive debt, a huge expansion in the Fed’s balance sheet, and near zero interest rates. Short term, this policy has helped stimulate the economy, however as momentum kicks in, the Fed will need to tighten their policy. When will we see inflation? That is the question that the Fed needs to monitor vigilantly. Stay tuned...

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