It’s been tough on mortgage backed securities this week.  Today there are no economic indicators being released and compared to last week’s rates, they’re up across the board.   The Tim, from Seattle Bubble, made a special request that I show the weekly difference between posts…which I used to do with RCG Rates…which such a dramatic increase to rates this week, his request is quite timely.   Mortgage rates continue to be very volatile and even as I post this, I’m receiving new rate sheets for the worse. Rates below are based with one point (1% total origination/discount fee).   To see this morning’s rates based on zero points (no origination and no discount points), click here. Conforming Mortgage Rates (loan amounts up to $417,000 for 1-unit properties).  The conforming rate quote below is based on owner occupied with a minimum credit score of 720, “full doc” purchase with a sales price of $500,000 and a loan amount of $400,000.  This scenario includes reserves (taxes & insurance) not being waived.   Rates quoted are priced based on a 45 day lock with no prepayment penalties on any of the rates quoted below. 30 Year Fixed @ 1 Pt:  6.500% (APR 6.664%) up 0.375% to rate. 30 Year Fixed with 10 Year Interest Only @ 1 Pt:  6.625% (APR 6.775%) up 0.375% 15 Year Fixed @ 1 Pt: 6.000% (APR 6.262%) up 0.375% 5/1 ARM - LIBOR @ 1 Pt:  5.500%  (APR 7.001%) up 0.125% Conforming-Jumbo Rates.   Pricing is based on the same criteria above except where the loan amount is $417,001 - $567,500 for properties in King, Snohomish or Pierce Counties; specifically priced for a sales price of $650,000 and a $520,000 loan amount. 30 Year Fixed @ 1 Pt: 6.625% (APR 6.781%) up 0.375% 30 Year Fixed with 10 Year Interest Only @ 1 Pt:  6.875% (APR 7.020%) up 0.25% 5/1 ARM @ 1 Pt: 5.875% (APR 7.141%) up 0.50% JUMBO (Non-Conforming) Rates.   Pricing is based on the same criteria above, with the exception that the loan amount is $417,001-$650,000 (20% down).   The specific scenario used to price the rates below is a sales price of $850,000 with a loan amount of $680,000. 30 Year Fixed @ 1 Pt: 7.750% (APR 7.917%) up 0.125% FHA.  Pricing based on credit score of 620 or better and loan amounts up to $362,790 for FHA in King, Snohomish and Pierce Counties. 30 Year Fixed @ 1 Pt: 6.624% (APR 7.421%) up 0.50% FHA-Jumbo. Pricing based on loan amounts from $362,791 - $567,500 for King, Snohomish and Pierce Counties.  For other loan limits in Washington State, click here. 30 Year Fixed @ 1 Pt: 6.750% (APR 7.421%) up 0.375 VA.  Pricing based on credit scores of 620 or better based on loan amounts up to $417,000.   VA loan amounts over $417,000 are also available.  Contact your local Mortgage Professional for more information. 30 Year Fixed @ 1 Pt:  6.625% (APR 6.958%) up 0.25% Prime Rate (what HELOCs are based on):  5.000% This is just a small sample available of rates and products.  Rates are as of Friday, July 18, 2008 at 8:00 a.m. and may change at any time.  Available programs may change at anytime as well.   This is not a guarantee nor is it a commitment of interest rate.   To see live rate quotes for various scenarios, check out my Twitter page.