Mortgage News and Rates

Mortgage News and Rates

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

Tagged with , , , , ,

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

Tagged with , , , , , ,

RATES CONTINUE TO IMPROVE , PAYROLL REPORT ON FRIDAY

Rates Continue to Improve , Payroll report on Friday

September 30th, 2014

Interest rates continued to steadily improve over the past week. The Mortgage Backed Security market (MBS) closing last week up + 35 bps, and closed Monday up + 14 bps.

The effect on interest rates is lower costs available at each rate.

30 Year Fixed rates settled in at 4.125% costing .1 points, and 15 year fixed rates remained at 3.25% with lower fees – .5 points.

The MBS and interest rate markets are still being helped by Europe’s economic situation and various geo-political concerns across the globe. On Friday – the most important economic report of all – the September non farm payroll jobs report will be released. I always recommend locking in before this is released because interest rates have the opportunity to move quickly depending on the results of job creation versus market expectations.

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

20 Year Fixed at 4.0% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      4.125% – .1 points (4.145% APR),       4.25% – 0 points (4.28% APR)

20 year fixed:       3.75% – .78 points (3.89% APR),       4% – 0 points (4.05% APR)

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

10 year fixed:       3.125% – .39 points (3.19% APR),       3.375% – 0 points (3.39% APR)

5/1 ARM:       2.75% – .76 point (2.9% APR),       3% – 0 points (3.05% APR)

7/1 ARM:       3% – .9 points (3.18% APR),        3.375% – 0 points (3.4% APR)

30 year fixed FHA:       3.625% – .67 points (4.74% APR),        3.75% – 0 points (4.75% APR)

15 year fixed FHA:       3% – .59 points (3.42% APR),        3.25% – 0 points (3.55% APR)

30 year fixed VA:        3.75% – 0 points (3.82% APR)

Today's Interest Rates - September 24th, 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. September 30th 2014 30 year fixed rates, October 1st 2014 30 year fixed rates, October 2nd 2014 30 year fixed rates, October 3rd 2014 30 year fixed rates, October 4th 2014 30 year fixed rates, October 5th 2014 30 year fixed rates, October 6th 2014 30 year fixed rates.

Rates Continue to Improve , Payroll report on Friday

Written by MORTGAGE NEWS

September 30, 2014 at 1:24 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 FHA Rates, 15 Year Fixed interest rates, 15 year fixed rates, 20 year fixed interest rates, 20 year fixed rates, 2014 Interest Rates, 2014 Mortgage interest rates, 30 Year Fixed FHA 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 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, 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, Fannie Mae, FED, Federal Open Market Committee, Federal Reserve Board, FHA, FHA Interest Rates, FHA mortgage insurance, FHA no appraisal refinance, FHA streamline refinance, Fixed interest 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 Loan, home purchase loan, Interest Only Loan, interest rates, Jumbo, jumbo interest rates, jumbo mortgage loan, Jumbo mortgage loan interest 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, No appraisal refinance, October 2014 interest rates, 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, US treasuries, VA Interest Rates, VA IRRL, VA rates

Tagged with , , , , , ,

Mortgage Interest Rates Hit 2 Week Lows

Mortgage Interest Rates Hit 2 Week Lows

September 24th, 2014

Mortgage interest rate pricing is a fickle market to follow. Last week, mortgage interest rate pricing had moved higher – pushing mortgage interest rates to some of their highest levels in close to 4 months. The rates pricing wasn’t that much higher, but since interest rate pricing has stayed in a narrow range for most of 2014 – it was some of the highest pricing we have seen in a while.

On Wednesday, the FOMC statement came and went with no real surprise news. The FED will continue to tighten their monetary policy and will eventually raise the Federal Funds rate – but without an exact date mentioned.

Because many expected an announced date to raise the Federal Funds rate, interest rate pricing has gradually improved since Wednesday. In fact, interest rates have improved 4 days straight going into Wednesday and are at their lowest levels in 2 weeks.

30 Year Fixed rates have moved to a level where 4.125% is only costing a portion of a point. All the other Conforming, FHA and VA pricing options have improved as well. Now could be a good time to lock in as rates will usually rebound the other way after multiple day improvement.

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

5/1 ARM at 3.0% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .16 points (4.157% APR),        4.25% – 0 points (4.28% APR)

20 year fixed:       3.875% – .54 points (3.99% APR),        4.125% – 0 points (4.15% APR)

15 year fixed:       3.25% – .67 points (3.37% APR),         3.5% – 0 points (3.54% APR)

10 year fixed:        3.125% – .45 points (3.21% APR),         3.25% – 0 points (3.3% APR)

5/1 ARM:        2.75% – .82 point (2.92% APR),         3% – 0 points (3.05% APR)

7/1 ARM:        3% – .95 points (3.19% APR),         3.25% – 0 points (3.3% APR)

30 year fixed FHA:        3.625% – .84 points (4.64% APR),         3.75% – 0 points (4.75% APR)

15 year fixed FHA:         3.25% – 0 points (3.55% APR)

30 year fixed VA:          3.75% – .35 points (3.81% APR),           3.875% – 0 points (3.91% APR)

Today's Interest Rates - September 15th, 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. September 24th 2014 30 year fixed rates, September 25th 2014 30 year fixed rates, September 26th 2014 30 year fixed rates, September 27th 2014 30 year fixed rates, September 28th 2014 30 year fixed rates, September 29th 2014 30 year fixed rates, September 30th 2014 30 year fixed rates

Mortgage Rates Hit 2 week Lows

Written by MORTGAGE NEWS

September 24, 2014 at 1:43 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, 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, FED, Federal Open Market Committee, Federal Reserve Board, FHA, FHA 15 Year Fixed, FHA 30 Year Fixed, FHA Interest Rates, FHA no appraisal refinance, FHA raises monthly mortgage insurance, FHA streamline refinance, FOMC, FOMC meeting, 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 improve, 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, phoenix, 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, VA, VA Interest Rates, VA IRRL, VA rates

Tagged with , , , , ,

Rates Move Up 4 of the last 5 days – FED statement on Wednesday

Rates Move Up 4 of the last 5 days – FED statement on Wednesday

September 15th, 2014

After a modest gain last Monday of + 4 bps, Interest rates went up Tuesday through Friday with the Mortgage Backed Security (MBS) market ending down – 71 bps on the week.

On Monday – the market closed + 15 bps, pulling up a bit higher over the 200 day average.

The big news this week is the FED meeting and subsequent Janet Yellen press conference. There is considerable belief that the FED will change the verbiage of the official policy statement – removing the notion that the FED would not hike rates for a considerable time after their asset purchasing ends.   This has caused anxiety and sell offs in the MBS market – the market most closely associated to Interest Rates.

I would highly recommend locking before Wednesday to protect yourself.

Currently rates are a bit higher but still in the general range they have maintained for most of the past year and 2 months.

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 4.375% paying 0 points

15 Year Fixed at 3.5% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:        4.25% – .42 points (4.33% APR),         4.375% – 0 points (4.39% APR)

20 year fixed:       4% – .98 points (4.2% APR),         4.125% – 0 points (4.16% APR)

15 year fixed:        3.375% – .65 points (3.5% APR),        3.5% – 0 points (3.55% APR)

10 year fixed:        3.125% – .97 points (3.28% APR),        3.375% – 0 points (3.41% APR)

5/1 ARM:       3% – .78 point (3.17% APR),         3.25% – 0 points (3.3% APR)

7/1 ARM:        3.25% – .68 points (3.37% APR),         3.625% – 0 points (3.7% APR)

30 year fixed FHA:        3.75% – 0 points (4.75% APR)

15 year fixed FHA:         3.25% – 0 points (3.55% APR)

30 year fixed VA:        3.75% – .20 points (3.79% APR), 3.875% – 0 points (3.9% APR)

Today's Interest Rates - September 15th, 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. September 15th 2014 30 year fixed rates, September 16th 2014 30 year fixed rates, September 17th 2014 30 year fixed rates, September 18th 2014 30 year fixed rates, September 19th 2014 30 year fixed rates, September 20th 2014 30 year fixed rates, September 21st2014 30 year fixed rates.

Rates Move Up 4 of the last 5 days – FED statement on Wednesday

Written by MORTGAGE NEWS

September 15, 2014 at 9:38 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, 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 interest rates, Conventional Interest Rates, Current mortgage interest rates, Fannie Mae, FED, Federal Open Market Committee, Federal Reserve Board, FHA, FHA Interest Rates, FHA mortgage insurance, FHA no appraisal refinance, FHA streamline refinance, Fixed interest rates, FOMC, Freddie Mac, HARP 2.0, HARP 2.0 interest rates, HARP 3.0 interest rates, HARP rates, High balance interest rates, Home Loan, home purchase loan, Interest Only Loan, Janet Yellen, Jumbo, jumbo interest rates, jumbo mortgage loan, Jumbo mortgage loan interest rates, Jumbo rates, locking a loan, maricopa county, 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 rise, No appraisal refinance, phoenix, points, Rates, Real Estate, Real Estate Agent, refinance, refinance rates, Scottsdale Mortgage Banker, scottsdale real estate, scottsdale real estate agent, The Federal Funds Rate, The Federal Reserve Board, Today's Interest Rates, Today's mortgage aprs, Today's Mortgage Interest Rates, Today's Mortgage Rates, today's rates, US economy, VA, VA Interest Rates, VA IRRL

Tagged with , , , ,

RATES RISE – 30 YEAR FIXED TO 4.125%

RATES RISE – 30 YEAR FIXED TO 4.125%

September 8th, 2014

Last week had 2 important events for interest rates.

On Thursday – the ECB announced a less than expected plan and no specifics to deal with the European Union’s problems. Mortgage backed securities sold off – and rates rose.

On Friday – the August employment report was released and non farm job creation fell well below expectations. The market estimated 225k in job growth, but the report revealed only 143k new jobs. The problem is August is notoriously bad and hard to gauge correct job creation with the amount of seasonal employment in the month. The MBS market initially went way up, but then came back to close to even with the realization that these numbers will most likely be adjusted higher with most other economic reports showing improvement.

MBS ended the week trading down – 35 bps – pushing interest rate pricing a bit higher. 30 year fixed rates are now at 4.125% paying less than a point. Most other products didn’t change much on the rate, but the closing costs are higher for each rate.

I still believe there is not much to gain by floating a rate, and locking is the better option.

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:

7/1 ARM at 3.375% paying 0 points

30 Year Fixed FHA at 3.75% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .15 points (4.15% APR),       4.25% – 0 points (4.29% APR)

20 year fixed:      3.875% – .63 points (3.99% APR),       4.125% – 0 points (4.14% APR)

15 year fixed:       3.25% – .75 points (3.39% APR),        3.5% – 0 points (3.53% APR)

10 year fixed:      3.0% – .97 points (3.2% APR),       3.125% – 0 points (3.13% APR)

5/1 ARM:       2.75% – .89 point (2.91% APR),       3% – 0 points (3.05% APR)

7/1 ARM:       3.125% – .54 points (3.23% APR),        3.375% – 0 points (3.4% APR)

30 year fixed FHA:       3.375% – 1 point (4.575% APR),       3.625% – 0 points (4.65% APR)

15 year fixed FHA:      3% – .98 points (3.5% APR),       3.25% – 0 points (3.55% APR)

30 year fixed VA:       3.5% – .80 points (3.66% APR),        3.75% – 0 points (3.78% APR)

Today's Interest Rates - September 8th, 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. September 8th 2014 30 year fixed rates, September 9th 2014 30 year fixed rates, September 11th 2014 30 year fixed rates, September 12th 2014 30 year fixed rates, September 13th 2014 30 year fixed rates, September 14th 2014 30 year fixed rates, September 15th 2014 30 year fixed rates.

RATES RISE – 30 YEAR FIXED TO 4.125%

Written by MORTGAGE NEWS

September 8, 2014 at 3:00 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, 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, direct lender, Fannie Mae, FHA, FHA 15 Year Fixed, FHA 30 Year Fixed, FHA Interest Rates, 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, High Balance Loan, Home Loan, home purchase loan, Interest Only Loan, interest rates, 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's, mortgage backed securities, Mortgage Rate sheet, Mortgage Rates, mortgage rates rise, No appraisal refinance, 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, US economy, VA, VA Interest Rates, VA IRRL, VA rates

Tagged with , , ,

Follow

Get every new post delivered to your Inbox.

Join 36 other followers

%d bloggers like this: