Mortgage News and Rates

Mortgage News and Rates

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

RATES MOVE SLIGHTLY HIGHER AGAIN ; FED CHIEF TESTIFYING THIS WEEK

Rates move slightly higher again ; FED Chief testifying this week

February 23rd, 2015

Interest rates moved slightly higher last week for the 3rd week in a row. The Mortgage Backed Security Market (MBS) closed down – 40 bps for the week, but we have seen some improvement on Monday with the MBS market trading up + 17 bps.

30 year fixed rates are now available at 3.75% paying .5 points (3.875% APR), and 3.875% paying 0 points (3.9% APR). 15 year fixed rates are now available at 2.99% paying .68 points (3.126% APR), and 3.125% paying 0 points (3.2% APR).

This week – most investors continue to watch Europe closely and the situation between the EU and Greece. Greece already failed to make their 1st commitment in their bailout extension on Monday.

In domestic news – The FED Chief Janet Yellen will testify before Congress on Tuesday and Wednesday. This testimony has been known to move interest rates.

I’m still in a lock now recommendation. I don’t think the risk is worth the reward to float.

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% – .5 points (3.85% APR),        3.875% – 0 points (3.9% APR)

20 year fixed:       3.625% – .34 points (3.69% APR),        3.75% – 0 points (3.79% APR)

15 year fixed:       2.99% – .68 points (3.126% APR),       3.125% – 0 points (3.2% APR)

10 year fixed:       2.875% – .76 point (3.02% APR),        3.125% – 0 points (3.17% APR)

5/1 ARM:        2.875% – .98 points (3.07% APR),        3.25% – 0 points (3.28% APR)

7/1 ARM:       3.125% – .83 points (3.29% APR),        3.375% – 0 points (3.4% APR)

30 year fixed FHA:        3.375% – .66 points (4.2% APR),        3.5% – 0 points (4.21% APR)

15 year fixed FHA:       2.75% – .73 points (3.19% APR),        3.0% – 0 points (3.3% APR)

30 year fixed VA:       3.375% – .91 points (3.55% APR),        3.625% – 0 points (3.67% APR)

Today's Interest Rates -February 23rd, 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. February 23rd 2015 30 year fixed rates, February 24th 2015 30 year fixed rates, February 25th 2015 30 year fixed rates, February 26th 2015 30 year fixed rates, February 27th 2015 30 year fixed rates, February 28th 2015 30 year fixed rates, March 1st 2015 30 year fixed rates.

RATES MOVE SLIGHTLY HIGHER AGAIN ; FED CHIEF TESTIFYING THIS WEEK

Interest Rates Rise for 2nd Week in a Row

Interest Rates Rise for 2nd Week in a Row

February 16th, 2015

Interest rates moved slightly higher again last week with the Mortgage Backed Security (MBS) market trading down -32 bps for the week.

This marks the 2nd week in a row interest rates have risen, after hitting their lowest levels in almost 2 years near the end of January 2015.

30 year fixed rates are now available at 3.75% paying .35 points (3.82% APR), and 3.875% paying 0 points (3.91% APR). 15 year fixed rates are now available at 2.99% paying .59 points (3.10% APR), and 3.125% paying 0 points (3.21% APR).
**Quotes are based on 740+ credit, 75% LTV or lower, 250k loan amount. Pricing is constantly changing based on daily interest rate market activity.

There is still anxiety about the meeting between Greece and the ECB among investors. Most people I follow say the risk in floating is not worth the reward. I recommend locking at this 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 3.875% paying 0 points  (3.91% APR)

20 Year Fixed at 3.75% paying 0 points   (3.79% APR)

TODAY’S INTEREST RATES:

30 year fixed:       3.75% – .35 points (3.82% APR),       3.875% – 0 points (3.91% APR)

20 year fixed:       3.5% – .97 points (3.7% APR),        3.75% – 0 points (3.79% APR)

15 year fixed:       2.99% – .96 points (3.1% APR),       3.125% – 0 points (3.21% APR)

10 year fixed:      2.875% – .65 points (3.0% APR),       3.125% – 0 points (3.16% APR)

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

7/1 ARM:       3.125% – .85 points (3.29% APR),       3.375% – 0 points (3.41% APR)

30 year fixed FHA:       3.375% – .65 points (4.20% APR),       3.5% – 0 points (4.2% APR)

15 year fixed FHA:       2.75% – .67 points (3.18% APR),        3% – 0 points (3.3% APR)

30 year fixed VA:       3.375% – .86 points (3.54% APR),        3.5% – 0 points (3.57% APR)

Today's Interest Rates -February 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. February 16th 2015 30 year fixed rates, February 17th 2015 30 year fixed rates, February 18th 2015 30 year fixed rates, February 19th 2015 30 year fixed rates, February 20th 2015 30 year fixed rates, February 21st 2015 30 year fixed rates, February 22nd 2015 30 year fixed rates.

Interest Rates Rise for 2nd Week in a Row

Rates Rise with January Employment Report

Rates Rise with January Employment Report

February 11th, 2015

Interest rates have moved up about .125% in the past week – largely due to a mortgage backed security sell off on Friday after the January employment report was released.
The strong job creation numbers had investors move their money from bonds into stocks and interest rate pricing suffered as a consequence.

30 year fixed rates are now available at 3.625% paying .9 points (3.80% APR), and 3.875% paying 0 points (3.9% APR). 15 year fixed rates are now available at 2.875% paying .96 points (3.07% APR), and 3.125% paying 0 points (3.2% APR).   (for well qualified borrowers – 740+ credit score, 75% LTV or less)

Overall – concern over Greece and the employment numbers are weighing on interest rates and most experts I follow recommend locking over floating.

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 3.625% paying 0 points

15 Year Fixed at 3.125% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.625% – .9 points (3.8% APR),        3.875% – 0 points (3.9% APR)

20 year fixed:        3.5% – .69 points (3.63% APR),        3.625% – 0 points (3.64% APR)

15 year fixed:        2.875% – .96 points (3.07% APR),         3.125% – 0 points (3.13% APR)

10 year fixed:        2.75% – 1 point (2.95% APR),        3.0% – 0 points (3.05% APR)

5/1 ARM:       2.875% – .91 points (3.06% APR),         3.25% – 0 points (3.28% APR)

7/1 ARM:        3.125% – .72 points (3.26% 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% – .45 points (3.14% APR),        2.875% – 0 points (3.175% APR)

30 year fixed VA:        3.375% – .64 points (3.5% APR),          3.5% – 0 points (3.55% APR)

Today's Interest Rates -February 11th, 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. February 11th 2015 30 year fixed rates, February 12th 2015 30 year fixed rates, February 13th 2015 30 year fixed rates, February 14th 2015 30 year fixed rates, February 15th 2015 30 year fixed rates, February 16th 2015 30 year fixed rates, February 17th 2015 30 year fixed rates.

Rates Rise with January Employment Report

Rates Improve Again , Employment Report this Friday

Rates Improve Again , Employment Report this Friday

February 2nd, 2015

Interest rates improved by about .375 bps in costs at each rate last week. The Mortgage Backed Security market closed the week trading up + 70 bps, highlighted by Friday’s rate improvement of +46 bps.

Interest rates are currently at their lowest levels since May of 2013.

30 year fixed rates are now available at 3.5% paying .63 points (3.626% APR), and 3.625% paying 0 points (3.7% APR). 15 year fixed rates are now available at 2.75% paying 1 point (2.95% APR), and 2.99% paying 0 points (3.129% APR).

The January employment report is released this Friday. This report usually has the largest effect on interest rate pricing and typically points the direction where rates will go for the next month.

If you don’t want to deal with uncertainty – I would lock in before 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!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.625% paying 0 points

20 Year Fixed at 3.5% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      3.5% – .63 points (3.626% APR),        3.625% – 0 points (3.7% APR)

20 year fixed:       3.375% – .75 points (3.525% APR),         3.5% – 0 points (3.55% APR)

15 year fixed:         2.75% – 1 point (2.95% APR),         2.99% – 0 points (3.04% APR)

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

5/1 ARM:         2.625% – .95 points (2.815% APR),         3.0% – 0 points (3.04% APR)

7/1 ARM:         2.875% – .83 points (3.04% APR),          3.125% – 0 points (3.16% APR)

30 year fixed FHA:         3.25% – 0 points (3.95% APR)

15 year fixed FHA:          2.75% – 0 points (3.05% APR)

30 year fixed VA:        3.25% – .34 points (3.31% APR),          3.375% – 0 points (3.4% APR)

Today's Interest Rates -February 2nd, 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. February 2nd 2015 30 year fixed rates, February 3rd 2015 30 year fixed rates, February 4th 2015 30 year fixed rates, February 5th 2015 30 year fixed rates, February 6th 2015 30 year fixed rates, February 7th 2015 30 year fixed rates, February 8th 2015 30 year fixed rates.

Rates Improve Again , Employment Report this Friday

Reggie Green – January 2015 Funding Figures

January 2015 Funding FlyerReggie Green – January 2015 Funding Figures.

Written by MORTGAGE NEWS

February 2, 2015 at 6:14 pm

Rates Improve, New FHA MI Premiums official on 1/26/2015

Rates Improve, New FHA MI Premiums official on 1/26/2015

January 26th, 2015

Interest rates slightly improved last week and so far this week, with the Mortgage Backed Security (MBS) market trading higher – thus improving the cost to get each rate.

30 year fixed rates are now available at 3.5% paying 1 point (3.7% APR), and 3.75% paying 0 points (3.74% APR). 15 year fixed rates are now available at 2.875% paying .75 points (3.025% APR), and 3.125% paying 0 points (3.129% APR).

The market appears to be in an idle state with investors still sifting through last week’s announcement by the European Central Bank (ECB). The focus is and will continue to be on Europe in the markets that effect mortgage interest rates.

On 1/26/2015 – FHA officially lowered their mortgage insurance premiums – thus giving a spark to FHA streamline refinances. If you are in a 30 Year Fixed FHA loan, a 20 Year Fixed FHA Loan or an ARM FHA Mortgage – it will likely be worth it to streamline the existing loan to a lower payment with no appraisal/income documentation required.

The changes taking place are below for Terms over 15 years.

95% LTV or less: FHA MI was 130 bps , now it is 80 bps
95.01% and above: FHA MI was 135 bps, now it is 85 bps

For FHA loans over $625,500

95% LTV or less: FHA MI was 150 bps , now it is 100 bps
95.01% and above: FHA MI was 155 bps, now it is 105 bps

To get your new FHA MI Premium – take your loan amount and multiply it times the bps figure and divide by 12 to get a new monthly FHA MI premium.

EXAMPLE:

$200,000 loan at 90% LTV.

$200,000 x .8% = $1,600 Yearly FHA MI premium
$1,600 / 12 = $133.33 Monthly FHA MI premium

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 3.625% paying 0 points

10 Year Fixed at 3.0% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.5% – 1 point (3.7% APR),       3.75% – 0 points (3.74% APR)

20 year fixed:      3.5% – .125 points (3.525% APR),       3.625% – 0 points (3.64% APR)

15 year fixed:       2.875% – .75 points (3.025% APR),       3.125% – 0 points (3.129% APR)

10 year fixed:       2.75% – .75 points (2.9% APR),       3.0% – 0 points (3.05% APR)

5/1 ARM:       2.875% – .75 points (3.05% APR),        3.25% – 0 points (3.28% APR)

7/1 ARM:       2.875% – .75 points (3.075% APR),         3.25% – 0 points (3.29% APR)

30 year fixed FHA:        3.25% – .25 points (4.0% APR),         3.375% – 0 points (3.42% APR)

15 year fixed FHA:       2.75% – .25 points (3.2% APR),        3.0% – 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 -January 27th, 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. January 27th 2015 30 year fixed rates, January 28th 2015 30 year fixed rates, January 29th 2015 30 year fixed rates, January 30th 2015 30 year fixed rates, January 31st 2015 30 year fixed rates, February 1st 2015 30 year fixed rates, February 2nd 2015 30 year fixed rates.

Rates Improve, New FHA MI Premiums official on 1/26/2015

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