LoanAction Mortgage Services

"LoanAction got me a great rate on my home refinance. I'm paying my home off in less time and my payment didn't go up at all. They were awesome!"

- Jay A. Mission Viejo, CA

MORTGAGE INTEREST RATES

Updated as of :

CONFORMING | JUMBO | GOVERNMENT

Conforming Loans - $400,000 or less (more info)
Loan Program	Interest Rate	APR	Points
30 year fixed rate	5.625	5.807	1.50
15 year fixed rate	5.25	5.554	1.50
7 year fixed rate	5.625	6.639	.875
5 year fixed rate / ARM	5.50	6.840	1.25
3 year fixed rate / ARM	5.50	7.101	1.125

Jumbo Loans more than $417,000 (more info)
Loan Program	Interest Rate	APR	Points
30 year fixed rate	6.125	6.229	.75
15 year fixed rate	5.75	5.903	.625
7 year fixed rate	5.75	6.689	0.875
5 year fixed rate / ARM	5.75	6.889	.875
3 year fixed rate / ARM	5.75	7.116	.75

Veteran Programs - VA, Cal-Vet (more info)
Loan Program	Interest Rate	APR	Points
VA 30 year fixed	6.00	6.047	.50
VA 15 year fixed	5.50	5.636	.875
Cal-Vet (Unrestricted Bonds)	6.20	6.33	1.00
Cal-Vet (Manufactured Homes)	7.20	7.38	1.00

Adjustable Rate Mortgages Indexes

11th District COFI: 4.346%
6 Month LIBOR: 5.29%
1 Year MTA: 4.883%
1 Year LIBOR: 5.21%
1 Year Treasury: 4.95%
Prime Rate: 8.25%

Conforming Program Assumptions

APR is based on a loan amount of $325,000 at 80% loan-to-value or less
All rates are based on a 21 day lock period
ARMs are based on the 1 Month COFI Index with a 2.45 margin

Jumbo Program Assumptions

APR is based on a loan amount of $475,000 at 75% loan-to-value or less.
All rates are based on a 21 day lock period.
ARMs are based on the 1 Month COFI Index with a 2.45 margin.

Veteran Program Assumptions

APR is based on a loan amount of $300,000 at 97% loan-to-value or less
All rates are based on a 21 day lock period
ARMs are based on the 1 Yr Treasury Bill Index with a 2.25 margin

ABBREVIATIONS

APR - Annual Percentage Rate
ARM - Adjustable Rate Mortgage

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Program	Rate	APR
30 Yr Fixed	5.625%	5.807%
15 Yr Fixed	5.25%	5.554%
7 Yr Fixed	5.625%	6.639%
5 Yr Fixed/ARM	5.50%	6.840%
3 Yr Fixed/ARM	5.50%	7.101%