Mortgage Rates Hit All Time Low for 2013 This Week

Weekly Mortgage Interest Rate Report  —  April 26, 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 4/25/2013 Interest Rate Fees & Points Margin  30 Year Fixed Rate 3.40 % 0.8 N/A  15 Year Fixed Rate 2.61 % 0.7 N/A  5/1-Year Adjustable Rate 2.58 % 0.5 2.74  1 Year Adjustable Rate 2.62 % 0.3 2.76 Above rates are for loan amounts up of $417,000 For up-to-the-minute local mortgage interest rate information, contact:  Tom Drasler at Direct (714) 478-3153  Week ending on 4/18/2013 Interest Rate Fees & Points Margin  30 Year Fixed Rate 3.41 % 0.7 N/A  15 Year Fixed Rate 2.64 % 0.7 N/A  5/1-Year Adjustable Rate 2.60 % 0.5 2.75  1 Year Adjustable Rate 2.63 % 0.4 2.75 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 above. 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. Rates nudge lower again this week "The housing market is getting a boost with mortgage rates hovering at or near record lows. For instance, existing home sales averaged an annualized pace of 4.94 million over the first three months of this year, the most since the fourth quarter of 2009. More impressively, new home sales topped 424,000 during the first quarter, which was the strongest since the third quarter of 2008. The sales pickup is helping to support house-price gains. For instance, the Federal Housing Finance Agency reported that February marked the thirteenth consecutive month that it has recorded an annual rise in its U.S. house price index, which rose by 7.1 percent in the twelve months through February, the most since May 2006. Even with these gains, this U.S. index is still 13.6 percent below its peak set in April 2007." – Frank Nothaft, vice president and chief economist, Freddie Mac

This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states. This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states. HomeQuest Mortgage Corporation is licensed with the California department of real estate, broker license number 0122091.