ReoSonoma Blog

Laura Lockerbie

Rates are Great!!‏ Sonoma County loan rates as of 5/17/12

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Hi everyone!

Rates have just been screaming lately. Everything I have been locking in at a 30 year fixed has been in the high 3% range with zero points. That is across the board for Conventional, FHA, VA and USDA Rural.

Here are some other locks I have done recently….

  •  5/1 VA ARM at 2.75% with a lender credit of .375%
  • 30 year fixed FHA at 3.75% with a lender credit of .375%
  • 30 year fixed USDA Rural at 4.00% with a lender credit of .50%


Here is an article I thought would be of interest.

Have a great day!

Laura Lockerbie
“The Lender Lady”


This is part of a guest post series that will be posted on ReoSonoma featuring all the latest financing info and options in and around Sonoma County! Laura Lockerbie is a fantastic lender from Century 21 Mortgage in Santa Rosa.


Political Turmoil in Greece Helps Lower Rates

May 17th, 2012 (via

Mortgage rates dipped again, for the sixth week in a row, pushing the rate on the most common type of mortgage below 4 percent for the first time in the history of Bankrate’s survey.

As political chaos unfolds in Greece, investors fear the country will be forced out of the eurozone.  Amid the uncertainty, these investors are seeking safety in U.S. Treasury bonds.  The yield on the 10-year Treasury note reached 1.75 percent Tuesday, the lowest level since October. Mortgage rates tend to follow the Treasury yield’s direction.

The benchmark 30-year fixed-rate mortgage fell to 3.97 percent, compared to 4.02 percent the previous week, according to the national survey of large lenders.  The mortgages in this week’s survey had an average total of 0.44 discount and origination points. One year ago, the mortgage index was 4.77 percent; four weeks ago, it was 4.1 percent.

The first time Bankrate did the survey, Sept. 25, 1985, the 30-year fixed rate was 12.31 percent.  That’s the highest it has been.

The benchmark 15-year fixed-rate mortgage stayed at 3.2 percent, and the benchmark 5/1 adjustable-rate mortgage rose to 3 percent from 2.99 percent.

That’s the lowest the 15-year rate has reached since Bankrate started the weekly survey.

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