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INTEREST RATES IMPROVE 7 STRAIGHT DAYS / VOLATILITY AHEAD

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INTEREST RATES IMPROVE 7 DAYS STRAIGHT / VOLATILITY AHEAD

September 3rd, 2014

I hope everyone had a happy and safe Labor Day weekend.

Interest rates improved 7 days straight with the Mortgage Backed Security market trading higher every day last week and closing + 38 bps higher on the week. Unfortunately, the MBS market sold off some on Tuesday, selling down -27 bps and taking away most of the gains from last week.

Currently 30 year fixed rates sit at 4% paying .87 points, and 4.125% paying 0 points.

This week has a lot of economic data coming out and I would recommend locking pricing before Friday.

Thursday – the European Central Bank (ECB) will meet and many hope they reveal an asset purchasing plan that will push more money into the economy.

Friday – the all important August employment report will be released.

I think rates could go a bit higher this week and there will likely be more volatility this week than normal. Even so, I don’t see huge rate swings but most likely closing costs swings at any given rate. I still see rates trading in a relatively narrow range as they have done for most of 2014.

For a free email mortgage quote, please go to mortgage quote tab 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 4.125% paying 0 points

15 Year Fixed at 3.375% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      4% – .87 points (4.17% APR),       4.125% – 0 points (4.17% APR)

20 year fixed:       3.75% – .84 points (3.91% APR),       4% – 0 points (4.04% APR)

15 year fixed:       3.25% – .58 points (3.36% APR),        3.375% – 0 points (3.41% APR)

10 year fixed:       3.0% – 1 point (3.2% APR),        3.25% – 0 points (3.28% APR)

5/1 ARM:       2.75% – .81 point (2.91% APR),        3% – 0 points (3.05% APR)

7/1 ARM:       3.125% – .51 points (3.23% APR),       3.375% – 0 points (3.4% APR)

30 year fixed FHA:       3.375% – .82 points (4.575% APR),        3.625% – 0 points (4.65% APR)

15 year fixed FHA:        3% – .97 points (3.5% APR),         3.25% – 0 points (3.55% APR)

30 year fixed VA:        3.5% – .72 points (3.65% APR),        3.75% – 0 points (3.78% APR)

Today's Interest Rates - September 3rd, 2014

Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. McCormick Ranch Loan Officer. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, 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 3rd 2014 30 year fixed rates, September 4th 2014 30 year fixed rates, September 5th 2014 30 year fixed rates, September 6th 2014 30 year fixed rates, September 7th 2014 30 year fixed rates, September 8th 2014 30 year fixed rates, September 9th 2014 30 year fixed rates.

INTEREST RATES IMPROVE 7 DAYS STRAIGHT / VOLATILITY AHEAD

Written by MORTGAGE NEWS

September 3, 2014 at 7:47 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 Rates, 5/1 ARM interest rates, 7/1 ARM interest rates, 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 mortgage interest rates, European Central Bank, Fannie Mae, FED, FHA, FHA no appraisal refinance, FHA streamline refinance, Freddie Mac, HARP 2.0 interest rates, HARP 3.0 interest rates, HARP Interest Rates, High balance interest rates, High Balance Loan, Home Loan, home purchase loan, Interest Only Loan, 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 rates improve, No appraisal refinance, points, purchase, Rates, Real Estate, Real Estate Agent, refinance, refinance rates, scottsdale, Scottsdale Mortgage Banker, scottsdale real estate, September 2014 Mortgage Interest Rates, Today's mortgage aprs, Today's Mortgage Interest Rates, US economy, VA Interest Rates, VA IRRL

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TODAY’S MORTGAGE INTEREST RATES – 30 YEAR FIXED BACK TO 4.125%

TODAY’S MORTGAGE INTEREST RATES – 30 YEAR FIXED BACK TO 4.125%

July 21st, 2014

Interest Rate pricing moved up on my rate sheets this week even though the MBS market closed + 2 bps. Every day the MBS market closed down except Thursday, when markets reacted to the reports of a civilian plane being shot down in the Ukraine.

As has been the case for much of the past year – interest rates are staying in the same range and I expect that to continue for now. I don’t see the events in Ukraine and the Gaza strip having a huge effect on interest rates unless a conflict erupts with Russia or the Israel conflict brings in other countries from the region.

30 Year Fixed rates are now starting at 4.125% with 15 year fixed rates starting at 3.25%.

Next week many firms will be reporting their 2nd quarter earnings. June existing and new home sales reports will be released. After the dust settles, I see rates remaining in the same range at the end of next 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 4.25% paying 0 points

15 Year Fixed at 3.625% with $0 costs

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .55 points (4.235% APR),       4.25% – 0 points (4.3% APR)

20 year fixed:       3.875% – .52 points (3.98% APR),        4.125% – 0 points (4.17% APR)

15 year fixed:        3.25% – .8 points (3.41% APR),        3.5% – 0 points (3.53% APR)

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

5/1 ARM:        2.875% – .73 points (3.04% APR),         3.125% – 0 points (3.13% APR)

7/1 ARM:       3.125% – 1 point (3.325% APR),        3.375% – 0 points (3.4% APR)

30 year fixed FHA:        3.625% – .75 points (4.69% APR),        3.75% – 0 points (4.75% APR),

15 year fixed FHA:        3% – .83 points (3.46% APR),        3.25% – 0 points (3.55% APR)

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

Today's Interest Rates - July 21st, 2014

Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. McCormick Ranch Loan Officer. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages. July 21st 2014 30 year fixed rates, July 22nd 2014 30 year fixed rates, July 23rd 2014 30 year fixed rates, July 24th 2014 30 year fixed rates, July 25th 2014 30 year fixed rates, July 26th 2014 30 year fixed rates, July 27th 30 year fixed rates.

TODAY’S MORTGAGE INTEREST RATES – 30 YEAR FIXED BACK TO 4.125%

Written by MORTGAGE NEWS

July 21, 2014 at 5:23 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, 30 Year Fixed FHA interest rates, 30 year fixed interest rates, 30 Year Fixed VA 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 rates, Freddie Mac, HARP, HARP 2.0 interest rates, HARP 3.0 interest rates, HARP rates, High balance interest rates, High Balance Loan, Home Loan, home prices, home purchase loan, interest rates, July 2014 Mortgage Interest Rates, jumbo interest rates, jumbo mortgage loan, Jumbo mortgage loan interest rates, Jumbo rates, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage, Mortgage APR, mortgage apr's, mortgage backed securities, mortgage insurance, 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, today's rates, Uncategorized, US economy, VA Interest Rates, VA rates

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30 YEAR FIXED REMAIN AT 4.125% – BIG EVENTS ON THURSDAY AND FRIDAY COULD CHANGE RATE DIRECTION

30 YEAR FIXED REMAIN AT 4.125% – BIG EVENTS ON THURSDAY AND FRIDAY COULD CHANGE RATE DIRECTION

June 3th, 2014

Mortgage rate pricing hit their best levels in close to 12 months on Wednesday of last week. The Mortgage Backed Security Market (MBS) market started last week off trading up +43 bps – continuing the rate improvement we have seen for much of the past 4 weeks.

On Thursday the market shifted, resulting in negative trading on Thursday, Monday, and so far Tuesday. Even so, interest rates are still excellent, hovering around their lowest levels in 11 months.

This is a huge week for interest rates with a ton of manufacturing and payroll data being released. The 2 most important events are on Thursday and Friday.

- The MBS market expects the European Central Bank to announce higher bond purchasing (quantitative easing) on Thursday. When the market expects something – the event is already factored into the pricing. If the European Central Bank does not announce more bond purchasing, expect a quick market reversal.

European+Central+Bank+HQ+Frankfurt+Germany

 

 

 

 

 

 

 

- On Friday – the important May employment report is released. The last couple reports have affected mortgage pricing more by revisions to prior months numbers than the month being reported on. The employment report almost always has a large affect on mortgage rate pricing, and usually shapes what will happen in the rate market for the next month.

Payroll

 

 

 

 

 

I’m still in the camp that locking makes more sense right now, especially with rate pricing moving higher over the past 4 days.

For a free email mortgage quote, please go to free mortgage quote tab on the right of this newsletter  or go to http://www.freemortgagequote.biz 

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

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.25% paying 0 points

7/1 ARM at 3.5% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .62 points (4.255% APR),       4.25% – 0 points (4.29% APR)

20 year fixed:      4% – .39 points (4.08% APR),       4.125% – 0 points (4.16% APR)

15 year fixed:       3.25% – .69 points (3.38% APR),         3.5% – 0 points (3.52% APR)

10 year fixed:       2.875% – .99 points (3.08% APR),         3.25% – 0 points (3.27% APR)

5/1 ARM:       2.75% – .92 points (2.93% APR),         3.125% – 0 points (3.129% APR)

7/1 ARM:         3.125% – .98 points (3.32% APR),        3.5% – 0 points (3.52% APR)

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

15 year fixed FHA:        3.125% – .60 points (3.545% APR),        3.25% – 0 points (3.55% APR)

30 year fixed VA:        3.75% – .15 points (3.78% APR),        3.875% – 0 points (3.89% APR)

Today's Interest Rates - June 3rd, 2014

Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. McCormick Ranch Loan Officer. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages. June 3rd 2014 30 year fixed rates, June 4th 2014 30 year fixed rates, June 5th 2014 30 year fixed rates, June 6th 2014 30 year fixed rates, June 7th 2014 30 year fixed rates, June 8th 2014 30 year fixed rates, June 9th 2014 30 year fixed rates.

30 YEAR FIXED REMAIN AT 4.125% – BIG EVENTS ON THURSDAY AND FRIDAY COULD CHANGE RATE DIRECTION

 

Written by MORTGAGE NEWS

June 3, 2014 at 1:53 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 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, 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, European Central Bank, Fannie Mae, FHA, FHA Interest Rates, FHA mortgage insurance, FHA no appraisal refinance, FHA rates, Freddie Mac, HARP 2.0 interest rates, HARP 3.0 interest rates, HARP rates, High balance interest rates, Home Loan, home purchase loan, interest rates, Jumbo, jumbo interest rates, jumbo mortgage loan, Jumbo mortgage loan interest rates, Jumbo rates, June 2014 Mortgage Interest Rates, locking a loan, May 2014 Non Farm Payroll report, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage, mortgage apr's, mortgage backed securities, mortgage banker, Mortgage Rate sheet, Mortgage Rates, 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, today's rates, US economy, VA, VA Interest Rates, VA IRRL

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INTEREST RATES CONTINUE TO IMPROVE – 30 YEAR FIXED DOWN TO 4.125%

INTEREST RATES CONTINUE TO IMPROVE – 30 YEAR FIXED DOWN TO 4.125%

May 27th, 2014

Mortgage interest rates continue to slowly improve – currently at their lowest levels in 11 months.

The Mortgage Backed Security market closed Monday, May 27th, trading up + 15 bps. The MBS market closed up + 30 bps last week, and up + 40 bps the week before.
There are a few main reasons that interest rates are continuing to show improvement.

The Ukraine situation is still volatile and military conflict is a possibility. Investors seek safety through US treasuries and Mortgage Backed Securities which helps improve interest rates.

Some experts believe that the stock market is trading much higher than it should based upon the actual performance of the companies. Some hold the view that a large correction could be in the future, which increases investment into US treasuries and MBS.

Lastly, it is expected that the European Central Bank will add another stimulus next week – which like the US’s Quantitative Easing – is a positive for mortgage interest rates.

All of these situations are helping rates move lower, but most experts don’t believe rates will go much lower than they are right now. The market hasn’t allowed 30 year fixed rates to drop back into the 3%’s since they rapidly moved up 12 months ago when the FED said they would likely taper their stimulus package.

So we are in high risk, low reward situation. Rates may go a little bit lower, but it’s very unlikely they will drop below 4%. Most experts believe rates are going to move higher – the question is when it will happen. With rates being at their lowest levels in 11 months, I lean towards the safe side and recommend locking.

Last week, I missed my first weekly update in quite a few years. My wife Sarah and I welcomed our 2nd child into the world – Dylan Rose Green. She was born at 12:20 AM on May 19th. She is healthy and we are truly blessed to have 2 great kids.

Dylan

 

 

 

 

 

 

Dylan and Jack

 

 

 

 

 

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

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

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.25% paying 0 points

5/1 ARM at 3% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .46 points (4.215% APR),       4.25% – 0 points (4.27% APR)

20 year fixed:      3.875% – .73 points (4.02% APR),      4.125% – 0 points (4.13% APR)

15 year fixed:      3.25% – .65 points (3.38% APR),      3.375% – 0 points (3.41% APR)

10 year fixed:      3% – .6 points (3.12% APR),       3.25% – 0 points (3.28% APR)

5/1 ARM:       2.75% – .82 points (2.92% APR),       3% – 0 points (3.04% APR)

7/1 ARM:       3.125% – .82 points (3.28% APR),       3.375% – 0 points (3.4% APR)

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

15 year fixed FHA:       3.125% – .51 points (3.525% APR),        3.25% – 0 points (3.55% APR)

30 year fixed VA:       3.75% – .20 points (3.79% APR),       3.875% – 0 points (3.89% APR)

Today's Interest Rates - May 27th, 2014

Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. McCormick Ranch Loan Officer. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages. May 27th 2014 30 year fixed rates, May 28th 2014 30 year fixed rates, May 29th 2014 30 year fixed rates, May 3oth 2014 30 year fixed rates, June 1st 2014 30 year fixed rates, June 2nd 2014 30 year fixed rates, June 3rd 2014 30 year fixed rates.

INTEREST RATES CONTINUE TO IMPROVE – 30 YEAR FIXED DOWN TO 4.125%

 

Written by MORTGAGE NEWS

May 28, 2014 at 12:16 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 rates, 20 year fixed interest rates, 2014 Interest Rates, 2014 Mortgage interest rates, 30 Year Fixed FHA interest rates, 30 Year Fixed VA 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, Conforming Loans, Conforming rates, Conventional Interest Rates, Current interest rates, Current mortgage interest rates, Current Mortgage Rates, Fannie Mae, FED, FHA, FHA mortgage insurance, FHA no appraisal refinance, FHA rates, 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, jumbo interest rates, jumbo mortgage loan, Jumbo mortgage loan interest rates, June 2014 Mortgage Interest Rates, locking a loan, May 2014 Mortgage Interest Rates, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, Mortgage APR, mortgage apr's, mortgage backed securities, Mortgage Rate sheet, Mortgage Rates, mortgage rates improve, No appraisal refinance, points, Rates, Real Estate, Real Estate Agent, refinance, refinance rates, scottsdale, Scottsdale Mortgage Banker, scottsdale real estate, stock market, Today's Mortgage Interest Rates, Today's Mortgage Rates, today's rates, Ukraine's effect on interest rates, US economy, US treasuries, VA, VA Interest Rates, VA IRRL

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RATES MOVE HIGHER AFTER REPORTS OF RUSSIA / UKRAINE PEACE AGREEMENT

RATES MOVE HIGHER AFTER REPORTS OF RUSSIA / UKRAINE PEACE AGREEMENT

April 21st, 2014

Interest rates remained relatively stable for most of the week until Thursday.

On Thursday a peace accord was reported between Russia, Ukraine, the EU, and The United States. Investors have been monitoring this situation closely and once it appeared that the danger of a serious conflict had diminished, traders took money out of the safety of Bonds and Mortgage Backed Securities and into more higher risk, higher reward investments. This caused interest rate pricing to move up quite a bit on Thursday and Friday.

Putin+Horse

At the close of the week, the Mortgage Backed Security (MBS) market closed down -66 basis points. On Monday, we saw a slight rebound with the MBS closing up + 12 basis points.

The Ukraine situation is worth monitoring as much of the reason interest rates are not higher than they are is due to the unrest in this region and investors wanting the safety of the bond and MBS markets.

Currently – 30 year fixed rates are available at
4.25% paying 1 point (4.45% APR), 4.5% paying 0 points (4.55% APR), and 4.625% paying $0 costs (4.625% APR) for a well qualified borrower.
15 year fixed rates are available at 3.375% paying .73 points (3.515% APR), 3.625% paying 0 points (3.63% APR), 3.75% paying $0 costs (3.75% APR).

There is not a ton of data this week so I’m hoping we will see some small price improvement in interest rate pricing.

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

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

BEST VALUE OF THE WEEK:

5/1 ARM at 3.125% with 0 points (3.16% APR)

TODAY’S INTEREST RATES:

30 year fixed:     4.25% – 1 point (4.45% APR),      4.5% – 0 points (4.55% APR)

20 year fixed:      4.125% – .15 points  (4.19% APR),      4.25% – 0 points  (4.28% APR)

15 year fixed:      3.375% – .73 points (3.515% APR),      3.625% – 0 points (3.63% APR)

10 year fixed:     3% – .97 points (3.19% APR),      3.375% – 0 points (3.41% APR)

5/1 ARM:     2.75% – .92 points (2.94% APR),      3.125% – 0 points (3.2% APR)

7/1 ARM:      3.125% – .99 points (3.325% APR),      3.5% – 0 points (3.53% APR)

30 year fixed FHA:      3.875% – .48 points (4.475% APR),       4.125% – 0 points (4.66% APR)

15 year fixed FHA:      3.25% – .28 points (3.61% APR),       3.375% – 0 points (3.7% APR)

30 year fixed VA:       3.75% – .97 points (3.97% APR),       4% – 0 points (4.07% APR)

Today's Interest Rates - April 21st, 2014

Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. McCormick Ranch Loan Officer. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages. April 21st 2014 30 year fixed rates, April 22nd 2014 30 year fixed rates, April 23rd 2014 30 year fixed rates, April 24th 2014 30 year fixed rates, April 25th 2014 30 year fixed rates, April 26th 2014 30 year fixed rates, April 27th 2014 30 year fixed rates.

RATES MOVE HIGHER AFTER REPORTS OF RUSSIA / UKRAINE PEACE AGREEMENT

Written by MORTGAGE NEWS

April 21, 2014 at 11:56 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 rates, 30 Year Fixed VA Rates, 5/1 ARM interest rates, 7/1 ARM interest rates, apr, April 2014 Mortgage Interest Rates, arizona, Arizona direct lender, 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 no appraisal refinance, FHA streamline refinance, Freddie Mac, HARP, HARP 2.0 interest rates, HARP 3.0 interest rates, HARP rates, High balance interest rates, Home Loan, home purchase loan, Interest Only Loan, interest rates, Jumbo mortgage loan interest rates, locking a loan, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage apr's, mortgage backed securities, Mortgage Rate sheet, Mortgage Rates, 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

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INTEREST RATES MOVE HIGHER

INTEREST RATES MAKE MOVE HIGHER

February 18th, 2014

I hope everyone had a nice Valentine’s day and the day off for President’s day.

After steadily improving for most of 2014, mortgage interest rates finally moved higher last week. The Mortgage Backed Security (MBS) market finished the week trading down -54 basis points, pushing 30 year fixed conforming rates to 4.375% costing .83 points at the end of the day on February 14th, 2014. 15 Year Fixed conforming rates did not move as much, but finished Friday at 3.375% costing .7 points.

Janet Yellen’s (the new FED Cheif) testimony last week made it very clear the FEDs outlook on the economy and Quantitative Easing moving forward. Yellen was enthusiastic about increased growth in the US economy in 2014, and mentioned that the slower growth in 2014 thus far could be a factor of the bad weather that has hurt the economy on the East coast – where a large share of the economy lives and works.

She also stated that the FED would continue to taper the stimulus QE3 and that they should be out of the market completely by the end of 2014. This is big news and likely means the FED will taper at every meeting this year until there is no more to taper. With the FED getting out of the mortgage business – the long term interest rate outlook remains one of increasing interest rates. Remember, the FED getting into the MBS market pushed rates to their historically low levels 3 years ago. With the FED getting out of the MBS market, interest rates should continue to go up.

Have a great week!!

BEST VALUE OF THE WEEK:

15 Year Fixed at 3.5% with 0 points
7/1 ARM at 3.375% with 0 points

TODAY’S INTEREST RATES:

30 year fixed:      4.375% – .83 points,      4.5% – 0 points,       4.625% – $0 costs

20 year fixed:     4.125% – .88 points,       4.375% – 0 points,       4.5% – $0 costs

15 year fixed:       3.375% – .7 points,      3.5% – 0 points,      3.75% – $0 costs

10 year fixed:       3.125% – .67 points,       3.375% – 0 points,        3.5% – $0 costs

5/1 ARM:       2.875% – .72 points,       3.125% – 0 points,       3.375% – $0 costs

7/1 ARM:       3.125% – .95 points,      3.375% – 0 points,        3.625% – $0 costs

30 year fixed FHA:       3.75% – 1 point,       4% – 0 points,       4.25% – $0 costs

15 year fixed FHA:       3.25% – .1 points,        3.375% – 0 points,        3.5% – $0 costs

30 year fixed VA:       3.875% – .24 points,        4% – 0 points,        4.125% – $0 costs

Today's Interest Rates - February 18th, 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.  Scottsdale Mortgage Banker.  McCormick Ranch Mortgage Loan Officer.  February 18th, 2014 Mortgage Interest Rates, February 19th 2014 Mortgage Interest Rates, February 20th 2014 Mortgage Interest Rates, February 21st 2014 Mortgage Interest Rates, February 22nd 2014 Mortgage Interest Rates, February 23rd 2014 Mortgage Interest Rates, February 24th 2014 Mortgage Interest Rates

INTEREST RATES MOVE HIGHER

 

INTEREST RATE PRICING STAYS IN NARROW RANGE

INTEREST RATE PRICING STAYS IN NARROW RANGE

February 10th, 2014

Interest rate pricing was all over the place last week.  On Monday, interest rates hit their lowest levels in about 3 months.  Interest rates went higher the rest of the week until the January employment report was released on Friday.  For the third month straight, job creation was lower than forecasts.  This would normally cause a big movement for better interest rates but the improvement wasn’t as much as expected.

Overall on the week, the Mortgage Backed Security market traded lower – 6 bps.  When the dust settled, interest rate pricing remained in a narrow range and mortgage interest rates are basically where they were at the beginning of last Monday.

In 2014, interest rates have fallen at some of the fastest levels in the past 2 years.  The main reason is usually interest rate pricing fluctuates more going up and down, but interest rates have improved for 5 week straight weeks before last week. 

There is some concern that the lower trend has come to an end with the market not moving as much as expected with a poor employment report.  It’s tough to call right now, but I see interest rates remaining fairly stable for the time being.  There is still a limit to how much interest rates can really improve with the FED tapering.  The interest rates in the low 3%’s won’t be back, but you could see interest rates going a little bit lower than today’s levels.   

This week Janet Yellen will make her first testimony to Congress.  Not much new information is expected to be deemed from this testimony, but it will be her first time before Congress as the new FED Cheif.

Have a great week!!

BEST VALUE OF THE WEEK:

15 Year Fixed at 3.5% with 0 points

7/1 ARM at 3.375% with 0 points

TODAY’S RATES:

30 year fixed:     4.25% – .8 points,     4.5% – 0 points,     4.625% – $0 costs

20 year fixed:   4% – 1 point,     4.25% – 0 points,     4.375%  – $0 costs

15 year fixed:   3.375% – .38 points,     3.5% – 0 points,     3.625% – $0 costs

10 year fixed:   3% – .66 points,     3.25% – 0 points,     3.5% – $0 costs

5/1 ARM:   2.75% – 1 point,     3.125% – 0 points,     3.5% – $0 costs

7/1 ARM:    3.125% – .88 points,     3.375% – 0 points,     3.625% – $0 costs

30 year fixed FHA:     3.75% – .6 points,     3.875% – 0 points,     4.125% – $0 costs

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

30 year fixed VA:     3.75% – .42 points,    3.875% – 0 points,      4.125% – $0 costs

Today's Interest Rates - February 10th, 2014

Today’s Mortgage Interest Rates.  Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado.  Arizona Home Loans, California Home Loans, Colorado Home Loans.  Arizona refinance, California refinance, Colorado refinance.  Scottsdale, Arizona Mortgage Banker in McCormick Ranch.  McCormick Ranch Loan Officer.  Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Fannie Mae Home Path Mortgage, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline refinance mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.  February 10th 2014 30 year fixed rates, February 11th 2014 30 year fixed rates, February 12th 2014 30 year fixed rates, February 13th 2014 30 year fixed rates, February 14th 2014 30 year fixed rates, February 15th 2014 30 year fixed rates, February 16th 2014 30 year fixed rates, February 17th 2014 30 year fixed rates.

INTEREST RATE PRICING STAYS IN NARROW RANGE

Written by MORTGAGE NEWS

February 11, 2014 at 4:45 am

Posted in 0 cost mortgage, 0 point interest rates, 0 point mortgage, 10/1 ARM, 10/1 ARM rates, 15 year fixed, 15 Year Fixed FHA interest rates, 15 Year Fixed FHA Rates, 15 Year Fixed interest rates, 15 year fixed rates, 20 year fixed, 20 year fixed interest rates, 20 year fixed rates, 2014 Interest Rates, 30 year fixed, 30 Year Fixed FHA interest rates, 30 Year Fixed FHA rates, 30 year fixed interest rates, 30 Year Fixed VA Interest rates, 30 Year Fixed VA Rates, 5/1 ARM, 5/1 ARM interest rates, 5/1 ARM rates, 7/1 ARM, 7/1 ARM interest rates, 7/1 ARM rates, apr, arizona, Arizona direct lender, arizona home loan, Arizona home loan interest rates, Arizona mortgage, arizona mortgage banker, Arizona Real Estate, Arizona Refinance, Bond Market, california, California direct lender, california home loan, California home loan interest rates, california mortgage banker, california real estate, California Refinance, colorado, colorado home loan, Colorado home loan interest rates, colorado real estate, Colorado Refinance, Conforming interest rates, Conforming Loans, Conforming rates, Conventional Interest Rates, Current interest rates, Current mortgage interest rates, Current Mortgage Rates, Fannie Mae, February 2014 Mortgage interest rates, FED, Federal Reserve Board, FHA, FHA 15 Year Fixed, FHA 30 Year Fixed, FHA Interest Rates, FHA no appraisal refinance, FHA rates, FHA streamline refinance, Fixed interest rates, Fixed Rates, Freddie Mac, HARP 3.0, HARP 3.0 interest rates, HARP Interest Rates, High balance interest rates, High Balance Loan, Interest Only Loan, interest rates, Janet Yellen, jumbo interest rates, jumbo mortgage loan, Jumbo rates, mbs, McCormick Ranch Mortgage Banker, McCormick Ranch Mortgage Loan Officer, mortgage, Mortgage APR, mortgage apr's, mortgage backed securities, Mortgage Rate sheet, Mortgage Rates, No appraisal refinance, points, Rates, Real Estate, refinance, refinance rates, scottsdale, Scottsdale Mortgage Banker, scottsdale real estate, scottsdale real estate agent, The Federal Reserve Board, Today's Interest Rates, Today's mortgage aprs, Today's Mortgage Interest Rates, Today's Mortgage Rates, today's rates, VA, VA Interest Rates, VA rates

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