TODAY’S MORTGAGE RATES
October 17th, 2011
Last week saw a continuation of the stock market rally from the week before. Stocks were trading higher, increasing the flow of investments from bonds to stocks. The bond market closed -75 bps down – which should have pushed rates a little bit higher. Even so, most rates have stayed the same. Of the 10 business days in October – the bond market has closed down 9 of them.
As of the writing of this email on Monday morning, the stock market is trading down over 100 points – and the bond market is trading up + 42 bps. This should help regain some of the losses from last week. This week should be another volatile week as many companies will be reporting their 3rd quarter earnings.
Below are rates available paying a point or less:
30 year fixed: 4.25% paying .5 points, 4.375% paying 0 points
20 year fixed: 3.875% paying .9 points, 4.25% paying 0 points
15 year fixed: 3.5% paying .74 points, 3.875% paying 0 points
5/1 ARM: 2.75% paying .7 points; 3.5% paying 0 points
7/1 ARM: 3.125% paying .69 points, 4% paying 0 points
30 year fixed High Balance Loan: 4.5% paying .8 points, 4.875% paying 0 points
30 year fixed FHA: 3.75% paying .3 points, 3.875% paying 0 points
15 year fixed FHA: 3.375% paying .7 points, 3.75% paying 0 points
30 year fixed VA: 3.75% paying .2 points, 3.875% 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, Fannie Mae mortgages, Freddie Mac Mortgages, and Jumbo Mortgages.
Today’s Mortgage Rates
