Mortgage News and Rates

Mortgage News and Rates

INTEREST RATES HAVE GREAT WEEK – CLOSE TO LOWEST LEVELS OF 2014

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INTEREST RATES HAVE GREAT WEEK – CLOSE TO LOWEST LEVELS OF 2014

April 14th, 2014

Interest rates continued their hot streak that started last week with the March employment report. Stocks continue to trade down which is helping drive money to the Bond market and the Mortgage Backed Security Market (MBS).

The MBS market has traded up 6 of the past 7 days and the one day that it didn’t trade up, it traded even.  The MBS market closed last week up + 47 bps.

Interest rates are now at their lowest levels in a month and close to their lowest levels of 2014.

30 year fixed rates at 4.25% are now available paying .32 points, and a 4.375% is available with 0 points. A well qualified customer can get a 15 year fixed rate at 3.25% for .81 points, and 3.5% with 0 points.

Monday could be very telling. Usually rates don’t move one way for too long. Interest rate pricing has improved for 6 straight days. We are bound to have a rebound day soon.

For a free email mortgage quote, please email go to http://www.freemortgagequote.biz

Below are today’s interest rates – have a wonderful week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.375% with 0 points

20 Year Fixed at 4.125% with 0 points

TODAY’S INTEREST RATES:

**APR’s listed in rate sheet illustration**

30 year fixed:     4.25% – .31 points,       4.375% – 0 points

20 year fixed:      4% – .38 points,        4.125% – 0 points

15 year fixed:       3.25% – .81 points,      3.5% – 0 points

10 year fixed:      2.875% – .83 points,      3.125% – 0 points

5/1 ARM:      2.625% – .86 points,      2.875% – 0 points

7/1 ARM:      3% – .99 points,       3.25% – 0 points

30 year fixed FHA:     3.75% – .37 points,      3.875% – 0 points

15 year fixed FHA:      3.125% – .67 points,      3.25% – 0 points

30 year fixed VA:      3.75% – .12 points,        3.875% – 0 points

Today's Interest Rates - April 14th, 2014

Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. McCormick Ranch Loan Officer. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages. April 14th 2014 30 year fixed rates, April 15th 2014 30 year fixed rates, April 16th 2014 30 year fixed rates, April 17th 2014 30 year fixed rates, April 18th 2014 30 year fixed rates, April 19th 2014 30 year fixed rates, April 20th 2014 30 year fixed rates, April 21st 2014 30 Year Fixed Rates.

INTEREST RATES HAVE GREAT WEEK – CLOSE TO LOWEST LEVELS OF 2014

Written by MORTGAGE NEWS

April 14, 2014 at 4:14 am

Posted in 0 cost mortgage, 0 point interest rates, 0 point mortgage, 0 points, apr, April 2014 Mortgage Interest Rates, arizona, Arizona direct lender, arizona home loan, Arizona home loan interest rates, Arizona mortgage, arizona mortgage banker, Arizona purchase mortgage, Arizona Real Estate, Arizona Refinance, Bond Market, california, California direct lender, california home loan, California home loan interest rates, california mortgage, california mortgage banker, california purchase mortgage, california real estate, California Refinance, Closing costs, colorado, colorado home loan, Colorado home loan interest rates, colorado mortgage banker, colorado purchase mortgage, colorado real estate, Colorado Refinance, Conforming interest rates, Conventional Interest Rates, Current interest rates, Current mortgage interest rates, Current Mortgage Rates, Fannie Mae, FHA, FHA no appraisal refinance, FHA streamline refinance, Freddie Mac, HARP, HARP 2.0 interest rates, HARP 3.0, HARP 3.0 interest rates, HARP rates, Home Loan, home purchase loan, interest rates, Jumbo rates, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage apr's, mortgage backed securities, Mortgage Rates, mortgage rates improve, No appraisal refinance, points, Rates, Real Estate, refinance rates, scottsdale, Scottsdale Mortgage Banker, scottsdale real estate, Today's Interest Rates, Today's mortgage aprs, Today's Mortgage Interest Rates, Today's Mortgage Rates, today's rates, VA

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INTEREST RATES HIT 3 WEEK LOWS

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INTEREST RATES HIT 3 WEEK LOWS

April 7th, 2014

Interest rates look primed to continue moving higher last week. Most market watchers expected a really strong March employment report, which would have likely pushed interest rates much higher on Friday.

The employment report numbers were actually pretty decent. There were 192k non payroll jobs created, slightly below the 200k expectation. February’s job creation was also adjusted higher. Overall, the numbers weren’t much lower than predicted, but the Mortgage Backed Security market benefited greatly from job creation not reaching their estimates.

The MBS market closed + 43 basis points on Friday alone, and then followed up on Monday closing up + 32 basis points. The stock market also had 2 very bad days with investors moving money from stocks to bonds.

Now is a great time to lock in and take advantage of the recent improvement.

Below are today’s interest rates – have a wonderful week!!

BEST VALUE OF THE WEEK:

20 Year Fixed at 4.25% with 0 points

15 Year Fixed at 3.5% with 0 points

TODAY’S INTEREST RATES:

30 year fixed:  4.25% – 1 point,      4.5% – 0 points,      4.625% – $0 costs

20 year fixed:  4% – .93 points,      4.25% – 0 points,      4.375% – $0 costs

15 year fixed:  3.375% – .586 points,      3.5% – 0 points,       3.75% – $0 costs

10 year fixed:  3% – .54 points,      3.25% – 0 points,       3.5% – $0 costs

5/1 ARM:  2.75% – .73 points,      3% – 0 points,      3.25% – $0 costs

7/1 ARM:  3.125% – .85 points,      3.375% – 0 points,      3.625% – $0 costs

30 year fixed FHA:  3.75% – .84 points,      4% – 0 points,      4.25% – $0 costs

15 year fixed FHA:      3.25% – 0 points,      3.5% – $0 costs

30 year fixed VA:     3.75% – .58 points,      4% – 0 points,      4.125% – $0 costs

Today's Interest Rates - April 7th, 2014

Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. McCormick Ranch Loan Officer. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages. April 7th  2014 30 year fixed rates, April 8th 2014 30 year fixed rates, April 9th 2014 30 year fixed rates, April 10th 2014 30 year fixed rates, April 11th 2014 30 year fixed rates, April 12th 2014 30 year fixed rates, April 13th 2014 30 year fixed rates, April 14th 2014 30 year fixed rates.

Interest Rates hit 3 week lows – April 7th – 8th, 2014

 

INTEREST RATES MOVE LOWER / QUALIFYING BASED ON ASSETS INSTEAD OF INCOME

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INTEREST RATES MOVE LOWER     /      QUALIFYING BASED ON ASSETS INSTEAD OF INCOME

INTEREST RATES MOVE LOWER:

March 31st, 2014

Interest rates moved slightly lower last week with the Mortgage Backed Security Market closing the week up + 13 basis points.

Overall the interest rate market has been very stable over the past week with not a lot of movement one way or the other. This week will likely be choppy with a lot of economic data coming in, headlined by the March Employment report on Friday. The employment report usually has the largest effect on interest rates over any other economic date report.

The recent economic data on the US economy has been positive. The reason rates haven’t risen as much as they probably should is because investors are seeking safety in bonds with the uncertainty in Ukraine and now concerns over China’s banking system.

My long term outlook remains that interest rates will gradually increase due a number of events:

The FED will continue to taper their bond purchasing program

Most economic reports are showing positive US economic gains – which puts pressure on rates to go higher.

The uncertainty of the weather affecting the economy will begin to fade in spring – so the economic data will likely have a bigger impact now that investors know the data is not skewed by a harsh winter in many parts of the country.

For a free email mortgage quote, please go to http://www.freemortgagequote.biz

Below are today’s interest rates – have a wonderful week!!

BEST VALUE OF THE WEEK:

20 Year Fixed at 4.25% with 0 points

7/1 ARM at 3.5% with 0 points

TODAY’S INTEREST RATES:

30 year fixed:      4.375% – 1 point,       4.625% – $0 costs

20 year fixed:       4.125% – .63 points,       4.25% – 0 points,        4.5% – $0 costs

15 year fixed:      3.5% – .41 points,       3.625% – 0 points,       3.75% – $0 costs

10 year fixed:       3.125% – .67 points,       3.375% – 0 points,       3.625% – $0 costs

5/1 ARM:       2.875% – .77 points,        3.125% – 0 points,       3.375% – $0 costs

7/1 ARM:      3.25% – .8 points,       3.5% – 0 points,       3.75% – $0 costs

30 year fixed FHA:      3.875% – .81 points,        4.125% – 0 points,       4.25% – $0 costs

15 year fixed FHA:       3.25% – .41 points,        3.375% – 0 points,        3.625% – $0 costs

30 year fixed VA:       3.875% – .55 points,        4% – 0 points,        4.25% – $0 costs

Today's Interest Rates - March 31st, 2014

QUALIFYING BASED ON ASSETS INSTEAD OF INCOME:

Introducing a new Crossline Capital product that allows a customer to qualify based on their assets versus just a provable income.

ASSET DEPLETION PROGRAM:

The Asset Depletion program is meant to help assist customers in getting to a qualifiable debt to income ratio based on assets the customers have. The customer can qualify based on just assets or also based on normal income plus assets.

Here are the details of the program:

-Customer can use liquid assets (checking, savings, stocks, mutual funds). Customer can use retirement accounts only if they are over 65 years of age.

-The income is qualified by taking total assets and calculating a loan payment off it.

The total assets are the loan amount.

The rate will always be 5%. (not the rate of the loan, but the rate of the income calculation)

The term of the loan calculation is based on 85 minus the customers age. If this is over 30 – you would bring loan term down to 30. If this is under 10 – you would bring loan term down to 10.

I can do this for you – or if you have a mortgage calculator you would enter – 5% for rate, liquid assets for loan amount, term calculation above for term, and solve for the payment. The payment is the amount of income we can use to qualify this customer with their assets.

-Assets do not need to be withdrawn

-Minimum loan amount of $300,000.

-Available loan products are 5/1, 7/1 and 10/1 ARMs

Please contact me if you would like to see if you qualify for this product.

Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. McCormick Ranch Loan Officer. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages. January 27th 2014 30 year fixed rates, March 31st 2014 30 year fixed rates, April 1st 2014 30 year fixed rates, April 2nd 2014 30 year fixed rates, April 3rd 2014 30 year fixed rates, April 4th 2014 30 year fixed rates, April 5th 2014 30 year fixed rates.

RATES MOVE HIGHER AFTER FED ANNOUNCEMENT THEN RECOVER

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RATES MOVE HIGHER AFTER FED ANNOUNCEMENT THEN RECOVER

March 25th, 2014

The big news last week was the FED announced another taper to their bond purchasing program of 10 billion. This move was expected with Janet Yellen’s congressional testimony that the FED would continue to taper and likely end their quantitative easing by the end of 2014.

As expected, rates moved sharply higher on Wednesday with the MBS market trading down – 80 bps on the day. My update last week said to lock before Wednesday and that prediction proved true. Luckily rates have recovered some since Wednesday – with positive MBS gains for the past 3 business days.

Currently 30 year fixed rates only went up approximately .4 pts on the price. 30 Year Fixed Loans for a well qualified borrower at 4.25% cost .91 points today. 15 Year Fixed rates went up from 3.25% to 3.375% costing .50 points today. 5/1 ARMs are still available below 3% for less than a point.

All pricing quoted still includes my limited time March Rate Lock Special which improves pricing on:

Fixed Conforming Loans by .375 pts
Fixed FHA/VA Government Loan by .5 pts

For a free email mortgage quote, please go to mortgage tab on the right or to freemortgagequote.biz

Below are today’s interest rates – have a wonderful week!!

BEST VALUE OF THE WEEK:

20 Year Fixed at 4.25% with 0 points

30 Year Fixed VA Loan at 3.875% with 0 points

TODAY’S INTEREST RATES:

30 year fixed:       4.25% – .91 points,        4.5% – 0 points,        4.625% – $0 costs

20 year fixed:        4% – .96 points,        4.25% – 0 points,        4.375% – $0 costs

15 year fixed:        3.375% – .50 points,        3.5% – 0 points,       3.625% – $0 costs

10 year fixed:       3% – .56 points,        3.125% – 0 points,         3.5% – $0 costs

5/1 ARM:         2.875% – .74 points,         3.125% – 0 points,          3.375% – $0 costs

7/1 ARM:         3.25% – .72 points,         3.5% – 0 points,         3.75% – $0 costs

30 year fixed FHA:        3.75% – .78 points,        4% – 0 points,        4.125% – $0 costs

15 year fixed FHA:         3.25% – 0 points,          3.5% – $0 costs

30 year fixed VA:         3.75% – .51 points,         3.875% – 0 points,         4.125% – $0 costs

Today's Interest Rates - March 25th, 2014

Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. McCormick Ranch Loan Officer. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages. March 25th 2014 30 fix rates, March 26th 2014 30 fix rates, March 27th 2014 30 fix rates, March 28th 2014 30 fix rates, March 29th 2014 30 fix rates, March 30th 2014 30 fix rates, March 31st 2014 30 fix rates, April 1st 2014 30 fix rates.

RATES MOVE HIGHER AFTER FED ANNOUNCEMENT THEN RECOVER

Written by MORTGAGE NEWS

March 25, 2014 at 1:26 pm

Posted in 0 cost mortgage, 0 point interest rates, 0 point mortgage, 0 points, 10 Year Fixed Interest Rates, 10/1 ARM rates, 15 Year Fixed FHA interest rates, 15 Year Fixed interest rates, 20 year fixed interest rates, 2014 Interest Rates, 2014 Mortgage interest rates, 30 Year Fixed FHA interest rates, 30 year fixed interest rates, 5/1 ARM interest rates, 7/1 ARM interest rates, arizona, Arizona direct lender, arizona home loan, Arizona home loan interest rates, Arizona mortgage, arizona mortgage banker, Arizona purchase mortgage, Arizona Real Estate, Arizona real estate agents, arizona realtor, Arizona Refinance, Bond Market, california, California direct lender, california home loan, California home loan interest rates, california mortgage, california mortgage banker, california purchase mortgage, california real estate, california real estate agent, california realtor, California Refinance, Closing costs, colorado, colorado home loan, Colorado home loan interest rates, colorado mortgage banker, colorado purchase mortgage, colorado real estate, colorado real estate agent, colorado realtor, Colorado Refinance, Conforming interest rates, Conventional Interest Rates, Current mortgage interest rates, DU Refi Plus, Fannie Mae, FED taper bond purchasing, FHA, FHA no appraisal refinance, FHA streamline refinance, Freddie Mac, HARP, HARP 2.0 interest rates, HARP 3.0 interest rates, HARP Interest Rates, High balance interest rates, Home Loan, home purchase loan, Interest Only Loan, interest rates, Interest Rates for March 2014, jumbo interest rates, Jumbo mortgage loan interest rates, March 2014 Interest Rate Special, March 2014 Mortgage Interest Rates, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage, Mortgage APR, mortgage apr's, Mortgage Rate sheet, Mortgage Rates, No appraisal refinance, points, QE 3, Rates, Real Estate, Real Estate Agent, refinance, refinance rates, scottsdale, Scottsdale Mortgage Banker, scottsdale real estate, scottsdale real estate agent, Today's Interest Rates, Today's mortgage aprs, Today's Mortgage Interest Rates, VA Interest Rates

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RATES LOWER AMID CONCERN OVER UKRAINE / LOCK BEFORE FED STATEMENT ON WEDNESDAY

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RATES LOWER AMID CONCERN OVER UKRAINE   /    LOCK BEFORE FED STATEMENT ON WEDNESDAY

March 17th, 2014

Last week interest rates improved with the Mortgage Backed Security (MBS) market closing + 55 bps.  Thursday was an especially good day when fears regarding Ukraine / Russia military action reached their peak.  On Thursday alone, the MBS market closed + 58 bps.

Since Thursday, rates have pulled back a bit higher with traders not as concerned with military action in Ukraine.  This is a situation to monitor closely, as traders will seek the security of the MBS and treasury markets should the Ukraine/Russia situation escalate into military action.

As of Monday evening – interest rates leveled to:

30 Year Fixed at 4.25% costing .51 pts,  4.375% costing 0 pts

15 Year Fixed at 3.25% costs .78 pts,   3.375% costing 0 pts

This pricing still includes my company’s March Rate Lock special which could end at any time.

The Federal Open Market Committee (FOMC) is meeting on March 18th and 19th -with a statement to be released on March 19th.  It is suspected that the FED will again taper their bond purchasing program by at least another 10 billion.  I strongly suggest locking before Wednesday , as I think the FED will taper again, and interest rates will move higher as a result.

Below are today’s interest rates and have a wonderful week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.375% with 0 points

5/1 ARM at 2.75% with .67 points

TODAY’S INTEREST RATES:

30 year fixed:     4.25% – .51 points,     4.375% – 0 points,     4.5% – $0 costs

20 year fixed:   4% – .70 points,     4.125% – 0 points,     4.25%  – $0 costs

15 year fixed:   3.25% – .78 points,     3.375% – 0 points,     3.625% – $0 costs

10 year fixed:   3% – .41 points,     3.125% – 0 points,     3.5% – $0 costs

5/1 ARM:   2.75% – .67 points,     3% – 0 points,     3.25% – $0 costs

7/1 ARM:    3.125% – .69 points,     3.375% – 0 points,     3.625% – $0 costs

30 year fixed FHA:     3.75% – .23 points,     3.875% – 0 points,     4.125% – $0 costs

15 year fixed FHA:    3.25% – 0 points,     3.375% – $0 costs

30 year fixed VA:     3.75% – .21 points,    3.875% – 0 points,      4.125% – $0 costs

Today's Interest Rates - March 17th, 2014

Today’s Mortgage Interest Rates.  Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado.  Arizona Home Loans, California Home Loans, Colorado Home Loans.  Arizona refinance, California refinance, Colorado refinance.  Scottsdale, Arizona Mortgage Banker in McCormick Ranch.  McCormick Ranch Loan Officer.  Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.  March 17th 2014 30 year fixed rates, March 18th 2014 30 year fixed rates, March 19th 2014 30 year fixed rates, March 20th 2014 30 year fixed rates, March 21st 2014 30 year fixed rates, March 22nd 2014 30 year fixed rates, March 23rd 2014 30 year fixed rates, March 24th 2014 30 year fixed rates.

RATES LOWER AMID CONCERN OVER UKRAINE   /    LOCK BEFORE FED STATEMENT ON WEDNESDAY

Written by MORTGAGE NEWS

March 18, 2014 at 1:19 pm

Posted in 0 cost mortgage, 0 point interest rates, 0 point mortgage, 0 points, 10 Year Fixed Interest Rates, 10/1 ARM rates, 15 Year Fixed FHA interest rates, 15 Year Fixed interest rates, 20 year fixed interest rates, 2013 Interest Rates, 2014 Mortgage interest rates, 30 Year Fixed FHA interest rates, 30 year fixed interest rates, arizona, Arizona direct lender, arizona home loan, Arizona home loan interest rates, Arizona mortgage, arizona mortgage banker, Arizona purchase mortgage, Arizona Real Estate, Arizona Refinance, california, California direct lender, california home loan, California home loan interest rates, california mortgage, california mortgage banker, california purchase mortgage, california real estate, California Refinance, Closing costs, colorado, colorado home loan, Colorado home loan interest rates, colorado mortgage banker, colorado purchase mortgage, colorado real estate, Colorado Refinance, Conforming interest rates, Conforming Loans, Conforming rates, Conventional Interest Rates, Current interest rates, Current mortgage interest rates, Current Mortgage Rates, DU Refi Plus, Fannie Mae, FED, Federal Reserve Board, FHA no appraisal refinance, FHA rates, FHA streamline refinance, Fixed interest rates, FOMC meeting, Freddie Mac, HARP, HARP 2.0 interest rates, HARP 3.0 interest rates, HARP rates, High balance interest rates, Home Loan, home purchase loan, Interest Only Loan, interest rates, Interest Rates for March 2014, Jumbo mortgage loan interest rates, locking a loan, March 19th 2014 FOMC statement, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage, mortgage apr's, mortgage backed securities, mortgage banker, Mortgage Rate sheet, Mortgage Rates, mortgage rates improve, No appraisal refinance, points, Rates, Real Estate, Real Estate Agent, refinance, refinance rates, Russia's effect on interest rates, scottsdale, Scottsdale Mortgage Banker, Today's Interest Rates, Today's mortgage aprs, Today's Mortgage Interest Rates, Ukraine's effect on interest rates, VA, VA Interest Rates

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RATES MOVE HIGHER WITH EMPLOYMENT REPORT / MARCH RATE LOCK SPECIAL

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RATES MOVE HIGHER WITH EMPLOYMENT REPORT / MARCH RATE LOCK SPECIAL

March 10th, 2014

Rates moved higher 4 of the 5 days last week with the mortgage backed security market closing the week down – 94 bps. The week was capped with the February employment report which beat estimates for the first time in many months.

Non-farm payroll jobs increased 175k versus estimates of 139k. This shot the MBS market way down on Friday, closing at their highest levels since mid January. Unfortunately, this report usually points the direction for interest rates in the coming month. The good jobs report along with a FED meeting in March where the FED is expected to lower it’s bond purchases by another 10 billion, lead me to believe that this will not be a good month for interest rates.

My company is still offering a limited time March rate lock special. This special is off setting the rise in rate pricing with discount of:

.375 bps off conforming fixed loans
.5 bps off FHA/VA fixed loans

Please contact me if you would like to take advantage of the March rate lock special.

For a free email mortgage quote, please go to mortgage quote tab on the right side of this page.  Below are today’s interest rates and have a wonderful week!!

BEST VALUE OF THE WEEK:

20 Year Fixed at 4.25% with 0 points

10 Year Fixed at 3.25% with 0 points

TODAY’S INTEREST RATES:

30 year fixed:      4.375% – .51 points,      4.5% – 0 points,      4.625% – $0 costs

20 year fixed:       4.125% – .32 points,       4.25% – 0 points,        4.375% – $0 costs

15 year fixed:       3.375% – .36 points,       3.5% – 0 points,        3.625% – $0 costs

10 year fixed:       3% – .7 points,       3.25% – 0 points,      3.5% – $0 costs

5/1 ARM:       2.75% – .96 points,       3% – 0 points,       3.375% – $0 costs

7/1 ARM:      3.125% – .97 points,       3.375% – 0 points,        3.625% – $0 costs

30 year fixed FHA:      3.75% – .77 points,      4% – 0 points,       4.125% – $0 costs

15 year fixed FHA: 3.25% – 0 points, 3.375% – $0 costs

30 year fixed VA: 3.75% – .5 points, 3.875% – 0 points, 4.125% – $0 costs

Today's Interest Rates - March 10th, 2014

Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. McCormick Ranch Loan Officer. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages. March 10th 2014 30 year fixed rates, March 11th 2014 30 year fixed rates, March 12th 2014 30 year fixed rates, March 13th 2014 30 year fixed rates, March 14th 2014 30 year fixed rates, March 15th 2014 30 year fixed rates, March 16th 2014 30 year fixed rates.

RATES MOVE HIGHER WITH EMPLOYMENT REPORT / MARCH RATE LOCK SPECIAL

Written by MORTGAGE NEWS

March 10, 2014 at 2:05 pm

Posted in 0 cost mortgage, 0 point interest rates, 0 point mortgage, 0 points, 10 Year Fixed Interest Rates, 10/1 ARM rates, 15 Year Fixed FHA interest rates, 15 Year Fixed interest rates, 20 year fixed interest rates, 2014 Interest Rates, 2014 Mortgage interest rates, 30 Year Fixed FHA rates, 30 year fixed interest rates, 5/1 ARM interest rates, 7/1 ARM interest rates, apr, arizona, Arizona direct lender, arizona home loan, Arizona home loan interest rates, Arizona mortgage, arizona mortgage banker, Arizona purchase mortgage, Arizona Real Estate, Arizona Refinance, ARM rates, california, California direct lender, california home loan, California home loan interest rates, california mortgage, california mortgage banker, california purchase mortgage, california real estate, California Refinance, Closing costs, colorado, colorado home loan, Colorado home loan interest rates, colorado mortgage banker, colorado purchase mortgage, colorado real estate, Colorado Refinance, Conforming interest rates, Current mortgage interest rates, DU Refi Plus, Fannie Mae, FED, FHA, FHA streamline refinance, Fixed interest rates, Freddie Mac, HARP 2.0 interest rates, HARP 3.0 interest rates, HARP Interest Rates, High balance interest rates, High Balance Loan, Home Loan, home purchase loan, Interest Only Loan, interest rates, Interest Rates for March 2014, jumbo mortgage loan, Jumbo mortgage loan interest rates, loan officer, locking a loan, March 2014 Interest Rate Special, March 2014 Mortgage Interest Rates, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage, Mortgage APR, mortgage backed securities, mortgage banker, Mortgage Rate sheet, mortgage rates rise, No appraisal refinance, points, Rates, Real Estate, refinance, refinance rates, Scottsdale Mortgage Banker, scottsdale real estate, Today's Interest Rates, Today's mortgage aprs, Today's Mortgage Interest Rates, US economy, VA, VA Interest Rates, VA rates

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RATES IMPROVE – **MARCH RATE LOCK SPECIAL**

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RATES IMPROVE   -   **MARCH RATE LOCK SPECIAL**

March 3rd, 2014

My company is offering a March pricing special to drum up new business this month.  This is usually a limited time offer – only available on loans locked within the next couple days.

The special is:

.375 points off pricing at any rate on a conventional loan

.5 points off pricing at any rate on a FHA / VA loan

.25 points off pricing on High Balance Conforming, Jumbo, and FHA/VA Jumbo

march-sales-e1392850315342

Please contact me as soon as possible if you would like to take advantage of this limited time offer.

Along with the pricing special, interest rates improved greatly last week.

The Mortgage Backed Security (MBS) market closed the week + 76 bps, and is currently trading + 20 bps higher on Monday.  This is pushing par 30 year fixed rates back to 4.25% and 15 year fixed rates back to 3.25%.

Now is a great time to lock with the improved rates and the March pricing special.

Below are today’s interest rates.  

Have a great week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.5% with $0 costs

15 Year Fixed at 3.5% with $0 costs

TODAY’S RATES:

30 year fixed:     4.25% – .46 points,     4.375% – 0 points,     4.5% – $0 costs

20 year fixed:   4% – .43 points,     4.125% – 0 points,     4.25%  – $0 costs

15 year fixed:   3.25% – .57 points,     3.375% – 0 points,     3.5% – $0 costs

10 year fixed:   2.875% – .95 points,     3.125% – 0 points,     3.5% – $0 costs

5/1 ARM:   2.75% – .66 points,     3% – 0 points,     3.25% – $0 costs

7/1 ARM:    3% – .98 points,     3.25% – 0 points,     3.5% – $0 costs

30 year fixed FHA:     3.75% – 0 points,     3.875% – $0 costs

15 year fixed FHA:     3.25% – $0 costs

30 year fixed VA:     3.75% – 0 points,      3.875% – $0 costs

Today's Interest Rates - March 3rd, 2014

Today’s Mortgage Interest Rates.  Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado.  Arizona Home Loans, California Home Loans, Colorado Home Loans.  Arizona refinance, California refinance, Colorado refinance.  Scottsdale, Arizona Mortgage Banker in McCormick Ranch.  McCormick Ranch Loan Officer.  Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.

RATES IMPROVE   -   **MARCH RATE LOCK SPECIAL**

Written by MORTGAGE NEWS

March 3, 2014 at 9:10 pm

Posted in 0 cost mortgage, 0 point interest rates, 0 point mortgage, 0 points, 10 Year Fixed Interest Rates, 10/1 ARM rates, 15 Year Fixed FHA interest rates, 15 Year Fixed interest rates, 20 year fixed interest rates, 2014 Interest Rates, 2014 Mortgage interest rates, 30 Year Fixed FHA interest rates, 30 year fixed interest rates, 5/1 ARM interest rates, 7/1 ARM interest rates, arizona, Arizona direct lender, arizona home loan, Arizona home loan interest rates, Arizona mortgage, arizona mortgage banker, Arizona purchase mortgage, Arizona Real Estate, Arizona Refinance, california, California direct lender, california home loan, California home loan interest rates, california mortgage, california mortgage banker, california real estate, California Refinance, Closing costs, colorado, colorado home loan, Colorado home loan interest rates, colorado mortgage banker, colorado purchase mortgage, colorado real estate, Colorado Refinance, Conforming interest rates, Conventional Interest Rates, Current interest rates, Current mortgage interest rates, Current Mortgage Rates, Fannie Mae, FHA, FHA Interest Rates, FHA no appraisal refinance, Freddie Mac, HARP 2.0 interest rates, HARP 3.0 interest rates, HARP Interest Rates, High balance interest rates, Home Loan, home purchase loan, Interest Only Loan, interest rates, Interest Rates for March 2014, Jumbo mortgage loan interest rates, loan officer, locking a loan, March 2014 Interest Rate Special, March 2014 Mortgage Interest Rates, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage, mortgage apr's, mortgage backed securities, mortgage banker, Mortgage Rate sheet, Mortgage Rates, mortgage rates improve, No appraisal refinance, Rates, Real Estate, Real Estate Agent, refinance, refinance rates, scottsdale, Scottsdale Mortgage Banker, scottsdale real estate, scottsdale real estate agent, Today's mortgage aprs, Today's Mortgage Interest Rates, VA Interest Rates

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