Weekly Mortgage Interest Report

Weekly Mortgage Interest Rate Report  —  October 11, 2013

Tom Drasler Home Mortgage Consultant - NMLS #297791 Direct (714) 478-3153 Send me an email     |   Visit my website HomeQuest Mortgage Corporation 25283 Cabot Road, Suite 108 - Laguna Hills, CA 92653

Data Provided by Freddie Mac's Primary Mortgage Market Survey®  Week ending on 10/10/2013 Interest Rate Fees & Points Margin  30 Year Fixed Rate 4.23 % 0.7 N/A  15 Year Fixed Rate 3.31 % 0.7 N/A  5/1-Year Adjustable Rate 3.05 % 0.4 2.74  1 Year Adjustable Rate 2.64 % 0.4 2.77 For up-to-the-minute local mortgage interest rate information, contact:  Tom Drasler at Direct (714) 478-3153  Week ending on 10/3/2013 Interest Rate Fees & Points Margin  30 Year Fixed Rate 4.22 % 0.7 N/A  15 Year Fixed Rate 3.29 % 0.7 N/A  5/1-Year Adjustable Rate 3.03 % 0.6 2.74  1 Year Adjustable Rate 2.63 % 0.4 2.77 This is not intended as an advertisement of interest rates as defined by Regulation Z, Section 226.24. Data is provided by Freddie Mac's Primary Mortgage Market Survey (PMMS) and is provided for informational purposes only. The financial and other information contained herein speaks only as of the date posted herein. Freddie Mac, and/or the sender of this information, is not responsible for business decisions made based on the reported results of the PMMS. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available. Average fees and points are provided to reflect the total upfront cost of obtaining a mortgage. Borrowers may still pay closing costs which are not included in the survey. Rates stay about the same "Mortgage rates were little changed amid the federal debt impasse in Washington, D.C. and a light week of economic data releases. Of the few releases, the private sector added an estimated 166,000 jobs in September, which were fewer than the market consensus and followed a downward revision of 17,000 workers in August, according to the ADP Research Institute. The Institute for Supply Management reported a greater slowing in growth in the nonmanufacturing industry in September than the market consensus forecast." – Frank Nothaft, vice president and chief economist, Freddie Mac

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