Mortgage News and Rates

Mortgage News and Rates

Interest Rates Improve to 1 Month Lows!

Interest Rates Improve to 1 Month Lows!

November 25th, 2014

Interest rates slowly but steadily improved last week. The Mortgage Backed Security (MBS) market finished trading up + 27 bps, pushing interest rate pricing to the lowest levels in a month.

A 30 year fixed conventional loan can now be locked at 3.875% with less than a point, and a 15 year fixed conventional rate at 3% with less than a point. 5/1 and 7/1 ARMs are still in the same area they have been for some time – with rates available at 2.875% and 3.125% paying less than a point.

Much of the focus of the markets is on the European Central Bank (ECB). There is much speculation that the ECB will increase their asset purchasing (quantitative easing) at their next meeting on December 4th. Interest rates are improving in anticipation of this.

The Tuesday and Wednesday before Thanksgiving can be very volatile with fewer traders and people getting ready to leave for the Holidays. Now is still a great time to lock in with rates being at their lowest level in a month.

For a free email mortgage quote, please answer questions on the right or go to http://www.freemortgagequote.biz

Below are today’s interest rates. Have a great week and Happy Thanksgiving!!

BEST VALUE OF THE WEEK:

20 Year Fixed at 3.75% paying 0 points

15 Year Fixed at 3.25% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:     3.875% – .625 points (4.0% APR),       4% – 0 points (4.04% APR)

20 year fixed:      3.625% – .75 points (3.775% APR),       3.75% – 0 points (3.79% APR)

15 year fixed:       3% – .875 points (3.175% APR),        3.25% – 0 points (3.29% APR)

10 year fixed:       2.75% – .875 points (2.925% APR),        3.125% – 0 points (3.17% APR)

5/1 ARM:       2.875% – .875 points (3.05% APR),        3.25% – 0 points (3.28% APR)

7/1 ARM:       3.125% – .875 points (3.3% APR),       3.375% – 0 points (3.39% APR)

30 year fixed FHA:       3.375% – .875 points (4.55% APR),        3.625% – 0 points (4.625% APR)

15 year fixed FHA:         2.875% – .75 points (3.325% APR),        3.125% – 0 points (3.425% APR)

30 year fixed VA:        3.5% – .375 points (3.57% APR),         3.625% – 0 points (3.67% APR)

Today's Interest Rates - November 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, HARP 3.0 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. November 25th 2014 30 year fixed rates, November 26th 2014 30 year fixed rates, November 27th 2014 30 year fixed rates, November 28th 2014 30 year fixed rates, November 29th 2014 30 year fixed rates, November 30th 2014 30 year fixed rates, December 1st 2014 30 year fixed rates.

Interest Rates Improve to 1 Month Lows!

RATES HOLD STEADY

RATES HOLD STEADY

November 18th, 2014

Interest rates have been very steady for the past week with the Mortgage Backed Security (MBS) market closing last week even and slightly higher on Monday.

This continues the trend of mortgage rates moving sideways/slightly lower for most of November 2014.

Although this isn’t great news for rate watchers, it beats the end of October where rates were steadily moving higher.

I expect interest rates to remain stable for the rest of the week.

For a free email mortgage quote, please answer questions on the right or go to http://www.freemortgagequote.biz

Below are today’s interest rates. Have a great week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 4% paying 0 points

15 Year Fixed at 3.25% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:     3.875% – .75 points (4.025% APR),       4% – 0 points (4.05% APR)

20 year fixed:       3.625% – 1 point (3.825% APR),        3.875% – 0 points (3.9% APR)

15 year fixed:       3% – 1 point (3.2% APR),       3.25% – 0 points (3.29% APR)

10 year fixed:        2.75% – 1 point (2.975% APR),         3% – 0 points (3.04% APR)

5/1 ARM:        2.875% – .75 points (3.025% APR),         3.125% – 0 points (3.128% APR)

7/1 ARM:        3.125% – .75 points (3.27% APR),         3.375% – 0 points (3.39% APR)

30 year fixed FHA:        3.375% – .875 points (4.55% APR),          3.625% – 0 points (4.625% APR)

15 year fixed FHA:        2.875% – .875 points (3.35% APR),         3.125% – 0 points (3.425% APR)

30 year fixed VA:        3.5% – .5 points (3.6% APR),        3.625% – 0 points (3.69% APR)
Today's Interest Rates - November 17th, 2014

Rates Hold Steady

Rates Improve after Employment report , The Return of the No Appraisal Refinance

RATES IMPROVE AFTER EMPLOYMENT REPORT

November 10th, 2014

Interest rates improved to 1.5 week lows after October’s employment report was released on Friday. Non Farm Payroll jobs increased 214,000 in October but were lower than expectations of 235,000 plus. The Mortgage Backed Security (MBS) market closed up + 46 bps on Friday alone – taking back the losses from earlier in the week and closing the week positive + 25 bps.

On Monday the bond market pulled back taking some of the gains from Friday – closing down -31 bps on the Day. The bond Market is closed for Veterans day. Thank you to all the Veterans out there that have served our country.

Interest rates are very similar to where they started last week. Retail sales will be the biggest report of the week on Friday.

For a free email mortgage quote, please answer questions on the right or go to http://www.freemortgagequote.biz

Below are today’s interest rates. Have a great week!!

THE RETURN OF THE NO APPRAISAL REFINANCE

With Fannie Mae’s new version of their underwriting system DU – mortgage bankers and their clients are seeing a welcome change in the return of the PIW

PIW stands for Property Inspection Waiver.

When running a Fannie Mae Approval – sometimes Fannie Mae’s system grants a PIW which allows us to complete the loan without getting an actual appraisal.  These No appraisal refinances are not for upside down homes, lower credit borrowers, cash out loans, etc.  They are typically granted when there is a decent amount of equity based on average prices in the area and they are usually granted for higher credit score borrowers.

The purpose is to allow someone that has equity and great credit to get a loan without having to physically get an appraisal. 

This is a welcome return – as it allows well qualified customers to complete a refinance without an out pocket expense and we can usually close the loan very quickly.

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.125% paying 0 points

5/1 ARM at 3.125% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       4% – .25 points (4.05% APR),        4.125% – 0 points (4.15% APR)

20 year fixed:       3.625% – 1 points (3.72% APR),        3.875% – 0 points (3.78% APR)

15 year fixed:       3.125% – .625 points (3.24% APR),        3.375% – 0 points (3.38% APR)

10 year fixed:       2.875% – .875 points (3.0% APR),        3.125% – 0 points (3.13% APR)

5/1 ARM:       2.875% – .75 points (3.025% APR),        3.125% – 0 points (3.128% APR)

7/1 ARM:       3.125% – .875 points (3.28% APR),        3.375% – 0 points (3.39% APR)

30 year fixed FHA:        3.5% – .375 points (4.58% APR),         3.625% – 0 points (4.625% APR)

15 year fixed FHA:        2.875% – 1 point (3.375% APR),        3.125% – 0 points (3.425% APR)

30 year fixed VA:        3.5% – .625 points (3.62% APR),        3.75% – 0 points (3.78% APR)

Today's Interest Rates - November 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, HARP 3.0 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. November 10th 2014 30 year fixed rates, November 11th2014 30 year fixed rates, November 12th 2014 30 year fixed rates, November 13th 2014 30 year fixed rates, November 14th 2014 30 year fixed rates, November 15th 2014 30 year fixed rates, November 16th 2014 30 year fixed rates.

Rates Improve after Employment report – but then pull back

Written by MORTGAGE NEWS

November 11, 2014 at 5:06 am

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 FHA rates, 30 year fixed interest rates, 30 Year Fixed VA Interest rates, 5/1 ARM interest rates, 7/1 ARM interest rates, Adjustable Rate Mortgage, arizona, Arizona direct lender, arizona foreclosure, arizona home loan, Arizona home loan interest rates, Arizona home values, Arizona mortgage, arizona mortgage banker, Arizona purchase mortgage, Arizona Real Estate, Arizona real estate agents, arizona realtor, Arizona Refinance, arizona short sale, 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 interest rates, Current mortgage interest rates, Current Mortgage Rates, Fannie Mae, Fannie Mae's PIW, FHA, FHA Interest Rates, FHA mortgage insurance, FHA rates, FHA streamline refinance, Fixed interest rates, Fixed Rates, Freddie Mac, HARP, HARP 2.0 interest rates, HARP 3.0 interest rates, HARP Interest Rates, High balance interest rates, High Balance Loan, home purchase loan, Interest Only Loan, interest rates, Interest rates for November 2014, Jumbo, jumbo interest rates, jumbo mortgage loan, Jumbo mortgage loan interest rates, Jumbo rates, locking a loan, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage, Mortgage APR, mortgage apr's, mortgage backed securities, mortgage banker, Mortgage Rate sheet, Mortgage Rates, mortgage rates improve, No appraisal refinance, PIW, 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 Rates, today's rates, US economy, US treasuries, VA, VA Interest Rates, VA IRRL, VA rates

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Rates slowly rise after hitting lowest levels of the year

Rates slowly rise after hitting lowest levels of the year

November 2nd, 2014

Since rates hit their lowest levels since June of 2013 two to three weeks ago, interest rates have slowly drifted higher. The Mortgage Backed Security market (MBS) closed last week trading down -17 bps, and the previous week down – 15 bps. This is a common reaction when rates go quickly one way, there is usually a pull back the other way.  Even with the rise in rates, interest rates are still lower than they have been for a long time before the recent drop.

On Friday, Japan announced a large increase in their quantitative easing program – equivalent to over 720 billion in US dollars. This caused stocks to rise, but the MBS market, which normally would be hit hard by this news, only closed down – 6 bps. This shows that the current level of mortgage interest rates is quite strong. 

Interest rates will be tested again this week. On Thursday, The European Central Bank will release a policy statement. On Friday – the US employment report will be released for October.  If you are looking for safety, I would lock rates before Thursday.

For a free email mortgage quote, please answer questions on the right or go to http://www.freemortgagequote.biz

Below are today’s interest rates. Have a great week!!

BEST VALUE OF THE WEEK:

20 Year Fixed at 3.75% paying 0 points

5/1 ARM at 3.125% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      4% – .25 points (4.05% APR),       4.125% – 0 points (4.15% APR)

20 year fixed:       3.625% – .875 points (3.7% APR),       3.75% – 0 points (3.78% APR)

15 year fixed:       3.125% – .625 points (3.24% APR),       3.375% – 0 points (3.38% APR)

10 year fixed:       2.875% – .875 points (3.0% APR),       3.125% – 0 points (3.13% APR)

5/1 ARM:       2.875% – .75 points (3.025% APR),        3.125% – 0 points (3.128% APR)

7/1 ARM:        3.125% – .875 points (3.28% APR),         3.375% – 0 points (3.39% APR)

30 year fixed FHA:        3.375% – 1 point (4.575% APR),        3.625% – 0 points (4.625% APR)

15 year fixed FHA:        2.875% – 1 point (3.375% APR),         3.125% – 0 points (3.425% APR)

30 year fixed VA:        3.5% – .625 points (3.62% APR),           3.625% – 0 points (3.67% APR)

Today's Interest Rates - November 2nd, 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, HARP 3.0 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. October 7th 2014 30 year fixed rates, October 8th 2014 30 year fixed rates, October 9th 2014 30 year fixed rates, October 10th 2014 30 year fixed rates, October 11th 2014 30 year fixed rates, October 12th 2014 30 year fixed rates, October 13th 2014 30 year fixed rates.

Rates slowly rise after hitting lowest levels of the year

Written by MORTGAGE NEWS

November 3, 2014 at 5:09 am

Posted in 0 cost mortgage, 0 point interest rates, 0 point mortgage, 0 points, 10 Year Fixed Interest 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, apr, arizona, Arizona direct lender, arizona foreclosure, arizona home loan, Arizona home loan interest rates, Arizona home values, Arizona mortgage, arizona mortgage banker, Arizona purchase mortgage, Arizona Real Estate, Arizona real estate agents, arizona realtor, Arizona Refinance, arizona short sale, 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 interest rates, Current mortgage interest rates, Current Mortgage Rates, Fannie Mae, FHA, FHA no appraisal refinance, FHA rates, 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 November 2014, Interest Rates Rise, Jumbo, jumbo interest rates, jumbo mortgage loan, Jumbo mortgage loan interest rates, Jumbo rates, locking a loan, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage, Mortgage APR, mortgage apr's, mortgage backed securities, Mortgage Rate sheet, No appraisal refinance, November 2014 interest rates, points, purchase, Rates, Real Estate, Real Estate Agent, refinance, 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, Uncategorized, VA, VA Interest Rates, VA IRRL

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Rates remain below 4% – 30 year fixed at 3.75%

Rates remain below 4% – 30 year fixed at 3.75%

October 20th, 2014

Interest rates hit their lowest levels since 2014 last week and remain in that same area this week.
30 Year Fixed rates are now a 3.75% paying a portion of a point and 15 year fixed rates are at 2.875% paying a point.

Hopefully we will know in the next couple days where interest rates will likely go from here.

I always suggest choosing on the side of caution. If it can benefit you to refinance now – I would do it and lock in a rate. I’ve seen so many people waiting for lower rates and then lose out on a beneficial loan.

For a free email mortgage quote, please answer questions on the right or go to http://www.freemortgagequote.biz

Below are today’s interest rates. Have a great week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.875% paying 0 points

10 Year Fixed at 2.875% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.75% – .625 points (3.89% APR),       3.875% – 0 points (3.9% APR)

20 year fixed:       3.5% – .75 points (3.65% APR),       3.625% – 0 points (3.67% APR)

15 year fixed:       2.875% – 1 point (3.07% APR),       3.125% – 0 points (3.13% APR)

10 year fixed:       2.625% – 1 point (2.82% APR),        2.875% – 0 points (2.9% APR)

5/1 ARM:       2.75% – .75 points (2.89% APR),       3.125% – 0 points (3.127% APR)

7/1 ARM:       3.0% – .75 points (3.15% APR),        3.25% – 0 points (3.28% APR)

30 year fixed FHA:       3.25% – .75 points (4.4% APR),       3.5% – 0 points (4.5% APR)

15 year fixed FHA:       2.75% – .625 points (3.17% APR),       3% – 0 points (3.3% APR)

30 year fixed VA:        3.25% – 1 point (3.45% APR),        3.5% – 0 points (3.55% APR)

Today's Interest Rates - October 20th, 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, HARP 3.0 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. October 21st 2014 30 year fixed rates, October 22nd 2014 30 year fixed rates, October 23rd 2014 30 year fixed rates, October 24th 2014 30 year fixed rates, October 25th 2014 30 year fixed rates, October 26th 2014 30 year fixed rates, October 27th 2014 30 year fixed rates.

Rates remain below 4% – 30 year fixed at 3.75%

Written by MORTGAGE NEWS

October 21, 2014 at 11:34 pm

LOCK IN AT THE LOWEST RATES SINCE JUNE OF 2013

Lock in at the Lowest Rates since June of 2013

October 14th, 2014

Interest rates continued their strong move lower last week and this Tuesday – dropping approximately .25% over the past 6 days.
The Mortgage Backed Security (MBS) market closed last week trading up + 84 bps, and Tuesday trading up + 38 bps – pushing interest rates to the lowest levels we have seen since June of 2013.

Interest rates had been gradually improving and then we saw big movements lower in the past week and a half.  Typically when rates go one way for an extended period of time – they will eventually get a strong correction the other way.

My recommendation is to lock in now. You will be locking in at the lowest rates in 1 year and 3 months – not bad.

For a free email mortgage quote, please answer questions on the right or go to http://www.freemortgagequote.biz

Below are today’s interest rates. Have a great week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 4% paying 0 points

15 Year Fixed at 3.25% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.875% – 1 point (4.075% APR),        4% – 0 points (4.09% APR)

20 year fixed:       3.625% – .62 points (3.74% APR),        3.875% – 0 points (3.9% APR)

15 year fixed:        3% – .875 points (3.17% APR),        3.25% – 0 points (3.29% APR)

10 year fixed:        2.75% – .875 points (2.92% APR),        3% – 0 points (3.05% APR)

5/1 ARM:        2.625% – .87 point (2.77% APR),         3% – 0 points (3.05% APR)

7/1 ARM:        2.875% – 1 point (3.07% APR),        3.125% – 0 points (3.16% APR)

30 year fixed FHA:        3.375% – .5 points (4.42% APR),         3.5% – 0 points (4.55% APR)

15 year fixed FHA:        2.875% – .625 points (3.29% APR),          3% – 0 points (3.3% APR)

30 year fixed VA:         3.375% – .75 points (3.52% APR),         3.625% – 0 points (3.68% APR)

Today's Interest Rates - October 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, HARP 3.0 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. October 14th 2014 30 year fixed rates, October 15th 2014 30 year fixed rates, October 16th 2014 30 year fixed rates, October 17th 2014 30 year fixed rates, October 18th 2014 30 year fixed rates, October 19th 2014 30 year fixed rates, October 20th 2014 30 year fixed rates.

Lock in at the Lowest Rates since June of 2013

Written by MORTGAGE NEWS

October 15, 2014 at 2:07 am

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, 30 Year Fixed VA Interest rates, 5/1 ARM interest rates, 7/1 ARM interest rates, apr, arizona, Arizona direct lender, arizona foreclosure, arizona home loan, Arizona home loan interest rates, Arizona home values, Arizona mortgage, arizona mortgage banker, Arizona purchase mortgage, Arizona Real Estate, Arizona real estate agents, arizona realtor, Arizona Refinance, arizona short sale, 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, Conforming interest rates, Conforming Loans, Conventional Interest Rates, Current interest rates, Current mortgage interest rates, Fannie Mae, FHA, FHA Interest Rates, FHA mortgage insurance, FHA no appraisal refinance, FHA streamline refinance, Fixed interest rates, Freddie Mac, HARP 2.0 interest rates, HARP 3.0 interest rates, HARP Interest Rates, HARP rates, High balance interest rates, High Balance Loan, Home Loan, home purchase loan, home values, Interest Only Loan, interest rates, jumbo interest rates, jumbo mortgage loan, Jumbo mortgage loan interest rates, Jumbo rates, lender, locking a loan, Lowest Mortgage Rates in History, Lowest Rates of 2014, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage, Mortgage APR, mortgage apr's, mortgage backed securities, mortgage banker, Mortgage Rate sheet, Mortgage Rates, mortgage rates improve, No appraisal refinance, October 2014 interest rates, phoenix, points, 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, Today's Mortgage Rates, Uncategorized, US economy, VA, VA Interest Rates, VA IRRL, VA rates

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RATES HIT 1 MONTH LOWS

Rates Hit 1 Month Lows

October 7th, 2014

Interest rates continued to gradually move slower last week. The Mortgage Backed Security (MBS) market finished the week trading up + 45 bps – pushing interest rates in line with their lowest levels in a month.

On Friday, the September employment report was released. Job creation beat all expectations but the good news was interest rates stayed firm and the MBS market only closed down – 9 bps. This is an interesting development, as typically a strong labor report results in interest rates moving higher in a hurry.

The MBS market is also doing well this week, closing Monday up + 19 bps.  Right now we are hitting a level of resistance in the bond market where over the past year – rates haven’t moved much lower than. This trading will likely continue unless a major event propels the bond market lower.

There is not a lot of economic data coming out this week – so interest rates should remain relatively stable for the rest of the week. 30 year fixed are currently at 4.125% paying .125 pts, and 15 year fixed are currently at 3.125% paying 1 point.

For a free email mortgage quote, please answer questions on the right or go to http://www.freemortgagequote.biz

Below are today’s interest rates. Have a great week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.25% paying 0 points

10 Year Fixed at 3.125% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:         4.125% – .125 points (4.145% APR),         4.25% – 0 points (4.28% APR)

20 year fixed:         3.875% – .75 points (3.89% APR),         4% – 0 points (4.05% APR)

15 year fixed:         3.125% – 1 point (3.32% APR),           3.5% – 0 points (3.52% APR)

10 year fixed:        3.0% – .5 points (3.1% APR),         3.125% – 0 points (3.13% APR)

5/1 ARM:        2.875% – .87 point (3.04% APR),         3.125% – 0 points (3.129% APR)

7/1 ARM:       3.125% – 1 point (3.32% APR),        3.375% – 0 points (3.39% APR)

30 year fixed FHA:        3.5% – .875 points (4.67% APR),         3.75% – 0 points (4.75% APR)

15 year fixed FHA:       3% – 1 point (3.5% APR),        3.25% – 0 points (3.55% APR)

30 year fixed VA:       3.625% – .875 points (3.76% APR),         3.75% – 0 points (3.82% APR)

Today's Interest Rates - October 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, HARP 3.0 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. October 7th 2014 30 year fixed rates, October 8th 2014 30 year fixed rates, October 9th 2014 30 year fixed rates, October 10th 2014 30 year fixed rates, October 11th 2014 30 year fixed rates, October 12th 2014 30 year fixed rates, October 13th 2014 30 year fixed rates.

Rates Hit 1 Month Lows

Written by MORTGAGE NEWS

October 7, 2014 at 1:15 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, apr, arizona, Arizona direct lender, arizona foreclosure, arizona home loan, Arizona home loan interest rates, Arizona home values, Arizona mortgage, arizona mortgage banker, Arizona purchase mortgage, Arizona Real Estate, Arizona real estate agents, arizona realtor, Arizona Refinance, arizona short sale, 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, Fannie Mae, FHA rates, FHA streamline refinance, Fixed interest rates, Freddie Mac, HARP, HARP 2.0 interest rates, HARP 3.0 interest rates, High balance interest rates, High Balance Loan, home purchase loan, Interest Only Loan, Jumbo, jumbo interest rates, jumbo mortgage loan, Jumbo mortgage loan interest rates, Jumbo rates, locking a loan, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage, Mortgage APR, mortgage apr's, mortgage backed securities, mortgage banker, Mortgage Rate sheet, Mortgage Rates, mortgage rates improve, No appraisal refinance, points, purchase, 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, Today's Mortgage Rates, US economy, VA, VA Interest Rates, VA IRRL

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