Mortgage News and Rates

Mortgage News and Rates

Interest Rates Hit 2 Month Lows

Interest Rates Hit 2 Month Lows

Interest rates hit 2 month lows after the March job report was released on Friday. Job creation was much lower than expected and the job creation figure was the biggest drop off in over a year from the previous month.

Overall on the week – the Mortgage Backed Security (MBS) market closed up + 73 bps, helping push rates to their lowest levels in 2 months. So far this week we have seen a small pullback with the MBS market closing down -16 bps.

30 year fixed rates are now available at 3.625% paying .45 points (3.71% APR), and 3.75% paying 0 points (3.77% APR). 15 year fixed rates are now available at 2.875% paying .68 points (3.011% APR), and 2.99% paying 0 points (3.05% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

It’s still a great time to lock in and take advantage of the lowest rates since January 2015.

For a free email mortgage quote, please answer questions on the right or go to

WWW.FREEMORTGAGEQUOTE.BIZ

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

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.75% paying 0 points

15 Year Fixed at 2.99% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:     3.625% – .48 points (3.71% APR),       3.75% – 0 points (3.77% APR)

20 year fixed:       3.375% – .91 points (3.557% APR),        3.5% – 0 points (3.67% APR)

15 year fixed:        2.875% – .68 points (3.011% APR),        2.99% – 0 points (3.05% APR)

10 year fixed:       2.75% – .58 points (2.86% APR),       2.875% – 0 points (2.89% APR)

5/1 ARM:      2.75% – .7 points (2.89% APR),        3.0% – 0 points (3.05% APR)

7/1 ARM:       2.875% – .74 points (3.023% APR),        3.125% – 0 points (3.17% APR)

30 year fixed FHA:        3.25% – .26 points (4.03% APR),         3.375% – 0 points (4.07% APR)

15 year fixed FHA:        2.75% – .4 points (3.13% APR),         2.875% – 0 points (3.175% APR)

30 year fixed VA:        3.25% – .51 points (3.35% APR),         3.375% – 0 points (3.4% APR)

Today's Interest Rates - April 7th, 2015

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. April 7th 2015 30 year fixed rates, April 8th 2015 30 year fixed rates, April 9th 2015 30 year fixed rates, April 10th 2015 30 year fixed rates, April 11th 2015 30 year fixed rates, April 12th 2015 30 year fixed rates, April 13th 2015 30 year fixed rates.

Interest Rates Hit 2 Month Lows

MARCH 2015 FUNDING FIGURES – REGGIE GREEN

March Funding Figures. 21 loans for $6,772,035. Thanks to all the homeowner’s who trusted me with their home loan, my referral partners who help me grow my business, my great processing/underwriting/title team and my family who’s support allows me to excel at what I do.

March Flyer

 

Written by MORTGAGE NEWS

April 2, 2015 at 10:45 pm

Interest Rates Up and Down Before Payroll Report on Friday

Interest Rates Up and Down Before Payroll Report on Friday

April 1st, 2015

After improving for two weeks straight, interest rates shot up in the middle of last week with the Mortgage Backed Security (MBS) market trading substantially lower on Wednesday and Thursday. This is a somewhat expected pull back when rates go one direction for an extended period of time. Luckily the MBS market has pulled back up, closing positive on Friday and Monday and Tuesday of this week. Overall, the MBS market closed down -18 bps last week and is currently trading up + 42 bps this week.

30 year fixed rates are now available at 3.625% paying .82 points (3.78% APR), and 3.75% paying 0 points (3.79% APR). 15 year fixed rates are now available at 2.875% paying .96 points (3.066% APR), and 3.125% paying 0 points (3.13% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

On the first Friday of every month, the non farm payroll report is released. This is the biggest market moving report of them all. I would recommend locking your loan before Friday as this report will typically make the market very volatile.

For a free email mortgage quote, please answer questions on the right or go to

WWW.FREEMORTGAGEQUOTE.BIZ

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

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.75% paying 0 points

20 Year Fixed at 3.625% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.625% – .82 points (3.78% APR),       3.75% – 0 points (3.79% APR)

20 year fixed:       3.5% – .27 points (3.55% APR),        3.625% – 0 points (3.67% APR)

15 year fixed:       2.875% – .96 points (3.066% APR),        3.125% – 0 points (3.13% APR)

10 year fixed:        2.75% – .61 points (2.87% APR),        2.875% – 0 points (2.9% APR)

5/1 ARM:       2.625% – 1 point (2.82% APR),        3.0% – 0 points (3.05% APR)

7/1 ARM:        3.0% – .74 points (3.15% APR),        3.25% – 0 points (3.29% APR)

30 year fixed FHA:       3.25% – .51 points (4.05% APR),        3.375% – 0 points (4.07% APR)

15 year fixed FHA:       2.75% – .62 points (3.17% APR),        3% – 0 points (3.3% APR)

30 year fixed VA:       3.25% – .76 points (3.4% APR),        3.5% – 0 points (3.55% APR)

Today's Interest Rates - April 1st, 2015

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. April 1st 2015 30 year fixed rates, April 2nd 2015 30 year fixed rates, April 3rd 2015 30 year fixed rates, April 4th 2015 30 year fixed rates, April 5th 2015 30 year fixed rates, April 6th 2015 30 year fixed rates, April 7th 2015 30 year fixed rates.

Interest Rates Up and Down Before Payroll Report on Friday

Rates Improve to 6 Week Lows!

Rates Improve to 6 Week Lows!

March 24th, 2015

Interest rates continued to improve last week and so far this week. Interest rates have improved 11 of the past 12 days and are currently at 6 week lows. The Mortgage Backed Security market closed up +96 bps last week and is trading up +43 bps this week.

30 year fixed rates are now available at 3.625% paying .58 points (3.74% APR), and 3.75% paying 0 points (3.79% APR). 15 year fixed rates are now available at 2.875% paying .95 points (3.065% APR), and 3.125% paying 0 points (3.13% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

Most of this improvement was sparked by the FED deciding not to raise the federal funds rate at this time. Right now rates are great, but we always run the risk of rates pushing back up after going one direction for an extended period of time.

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 3.75% paying 0 points

20 Year Fixed at 3.625% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.625% – .58 points (3.74% APR),        3.75% – 0 points (3.79% APR)

20 year fixed:       3.375% – 1 point (3.57% APR),        3.625% – 0 points (3.66% APR)

15 year fixed:        2.875% – .95 points (3.06% APR),        3.125% – 0 points (3.13% APR)

10 year fixed:       2.75% – .6 points (2.87% APR),         2.875% – 0 points (2.9% APR)

5/1 ARM:        2.75% – .84 points (2.91% APR),         3.125% – 0 points (3.13% APR)

7/1 ARM:        3.0% – .84 points (3.16% APR),         3.25% – 0 points (3.29% APR)

30 year fixed FHA:        3.25% – .3 points (4.01% APR),        3.375% – 0 points (4.07% APR)

15 year fixed FHA:       2.75% – .61 points (3.17% APR),        3% – 0 points (3.3% APR)

30 year fixed VA:       3.25% – .5 points (3.35% APR),        3.375% – 0 points (3.4% APR)

Today's Interest Rates - March 24th, 2015

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. March 24th 2015 30 year fixed rates, March 25th 2015 30 year fixed rates, March 26th 2015 30 year fixed rates, March 27th 2015 30 year fixed rates, March 28th 2015 30 year fixed rates, March 29th 2015 30 year fixed rates, March 30th 2015 30 year fixed rates.

Rates Improve to 6 week Lows!!

Rates Trend Lower before FED Announcement on Wednesday

Rates Trend Lower before FED Announcement on Wednesday

March 16th, 2015

Interest rates had a great week last week with the Mortgage Backed Security (MBS) market closing the week trading up + 79 bps. The market also closed up on Monday March 16th +19 bps. This was welcome news for interest rates after their rapid rise following the February employment report.

30 year fixed rates are now available at 3.75% paying .71 points (3.89% APR), and 3.99% paying 0 points (4.01% APR). 15 year fixed rates are now available at 2.99% paying .77 points (3.14% APR), and 3.25% paying 0 points (3.27% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

The big news this week is the FOMC meetings and statement on Wednesday. Investors are expecting more clarity on the FED’s long term plan with the Federal Funds rate. Although not directly tied to mortgage interest rates – the FED’s long term outlook on whether to raise the Federal Funds rate will have an impact on Mortgage Backed Securities and mortgage interest rate pricing. If you don’t like volatility – I would lock before Wednesday.

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 3.99% paying 0 points

20 Year Fixed at 3.75% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.75% – .71 points (3.89% APR),        3.99% – 0 points (4.01% APR)

20 year fixed:        3.5% – 1 point (3.7% APR),        3.75% – 0 points (3.79% APR)

15 year fixed:        2.99% – .47 points (3.14% APR),         3.25% – 0 points (3.27% APR)

10 year fixed:        2.875% – .72 points (3.019% APR),         3.125% – 0 points (3.14% APR)

5/1 ARM:        2.875% – 1 point (3.075% APR),          3.25% – 0 points (3.29% APR)

7/1 ARM:        3.125% – .89 points (3.3% APR),         3.375% – 0 points (3.4% APR)

30 year fixed FHA:        3.25% – 1 point (4.15% APR),           3.5% – 0 points (4.2% APR)

15 year fixed FHA:        2.75% – .70 points (3.20% APR),          3% – 0 points (3.3% APR)

30 year fixed VA:        3.375% – .68 points (3.51% APR),        3.625% – 0 points (3.67% APR)

Today's Interest Rates - March 16th, 2015

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. March 16th 2015 30 year fixed rates, March 17th 2015 30 year fixed rates, March 18th 2015 30 year fixed rates, March 19th 2015 30 year fixed rates, March 20th 2015 30 year fixed rates, March 21st 2015 30 year fixed rates, March 22nd 2015 30 year fixed rates.

Rates Trend Lower before FED Announcement on Wednesday

Rates Move Higher with February’s Employment Report

Rates Move Higher with February’s Employment Report

March 9th, 2015

Interest rates climbed rapidly on Friday with job creation numbers that beat their projections. On Friday alone, the Mortgage Backed Security (MBS) market traded down -77 bps and closed the week down -130 bps. Luckily, there was some improvement Monday with the MBS market closing up + 30 bps.

30 year fixed rates are now available at 3.875% paying .58 points (3.99% APR), and 3.99% paying 0 points (4.03% APR). 15 year fixed rates are now available at 3.125% paying .47 points (3.21% APR), and 3.25% paying 0 points (3.29% APR).

In the grand scheme of things – rates are still very good even though they went up about .125% last 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 3.99% paying 0 points

15 Year Fixed at 3.25% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      3.875% – .58 points (3.99% APR),       3.99% – 0 points (4.03% APR)

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

15 year fixed:       3.125% – .47 points (3.21% APR),      3.25% – 0 points (3.29% APR)

10 year fixed:      2.875% – 1 point (3.075% APR),      3.125% – 0 points (3.15% APR)

5/1 ARM:      3.0% – .83 points (3.166% APR),      3.375% – 0 points (3.39% APR)

7/1 ARM:       3.125% – 1 point (3.32% APR),      3.5% – 0 points (3.54% APR)

30 year fixed FHA:      3.375% – .95 points (4.26% APR),      3.625% – 0 points (4.32% APR)

15 year fixed FHA:      2.875% – .70 points (3.31% APR),      3.125% – 0 points (3.42% APR)

30 year fixed VA:      3.5% – .66 points (3.63% APR),      3.75% – 0 points (3.79% APR)

Today's Interest Rates - March 9th, 2015

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. March 9th 2015 30 year fixed rates, March 10th 2015 30 year fixed rates, March 11th 2015 30 year fixed rates, March 12th 2015 30 year fixed rates, March 13th 2015 30 year fixed rates, March 14th 2015 30 year fixed rates, March 15th 2015 30 year fixed rates.

Rates Move Higher with February’s Employment Report

Rates Volatile Before Employment Report on Friday

Rates Volatile Before Employment Report on Friday

March 3rd, 2015

Interest rates improved last week with the Mortgage Backed Security market trading up + 69 bps. This week, the MBS market has erased most of the gains from last week – currently trading down – 57 bps on the week. Rates have been volatile on most days in the current rate market environment.

30 year fixed rates are now available at 3.75% paying .34 points (3.81% APR), and 3.875% paying 0 points (3.9% APR). 15 year fixed rates are now available at 2.99% paying .55 points (3.1% APR), and 3.125% paying 0 points (3.16% APR).

The big news this week will be the February employment report. Most analysts I watch are bearish about the interest rate market and warn that rates could go up quickly if job creation beats estimates on Friday. I would recommend locking before Friday to be safe.

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

15 Year Fixed at 3.125% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.75% – .34 points (3.81% APR),        3.875% – 0 points (3.9% APR)

20 year fixed:        3.625% – .3 points (3.68% APR),         3.75% – 0 points (3.79% APR)

15 year fixed:        2.99% – .55 points (3.1% APR),        3.125% – 0 points (3.17% APR)

10 year fixed:       2.875% – .51 point (2.97% APR),         3% – 0 points (3.05% APR)

5/1 ARM:        2.875% – 1 point (3.075% APR),         3.25% – 0 points (3.28% APR)

7/1 ARM:        3.125% – .98 points (3.29% APR),          3.5% – 0 points (3.4% APR)

30 year fixed FHA:        3.25% – 1 point (4.15% APR),         3.5% – 0 points (4.21% APR)

15 year fixed FHA:        2.75% – .65 points (3.18% APR),         3.0% – 0 points (3.3% APR)

30 year fixed VA:        3.375% – .67 points (3.50% APR),         3.625% – 0 points (3.67% APR)

Today's Interest Rates -March 3rd, 2015

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. March 3rd 2015 30 year fixed rates, March 4th 2015 30 year fixed rates, March 5th 2015 30 year fixed rates, March 6th 2015 30 year fixed rates, March 7th 2015 30 year fixed rates, March 8th 2015 30 year fixed rates, March 9th 2015 30 year fixed rates.

Rates Volatile Before Employment Report on Friday

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