MORTGAGE RATES REMAIN NEAR ALL TIME LOWS
The bond market closed last week down – 94 bps pushing mortgage rates and pricing higher. This move higher was due to a great week on Wall Street where the stock market closed higher every day. There has been some pull back on Monday with the stock market being down, pushing rates back to lower levels. The bond market closed Monday up + 55 bps pushing mortgage rates and pricing back down to the low levels at the beginning of last week.
Below are current rates available paying a point or less.
30 year fixed: 3.875% paying 1 point, 4.125% paying 0 points
20 year fixed: 3.75% paying 0 points
15 year fixed: 3.25% paying 0 points
5/1 ARM: 2.625% paying .6 points, 2.875% paying 0 points
7/1 ARM: 2.875% paying .8 points, 3.25% paying 0 points
30 year fixed FHA: 3.75% paying 0 points
15 year fixed FHA: 3.25% paying 0 points
30 year fixed VA: 3.75% paying 0 points
30 year fixed High Balance Loan: 4.125% paying .85 points, 4.375% paying 0 points
Today’s Mortgage Interest Rates. Current Mortgage Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Mortgage Rates Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, VA mortgages, FHA mortgages, Conforming mortgages, Conventional Mortgages, High Balance Mortgages and Jumbo Mortgages.
Mortgage Rates Remain at Record Lows
