TODAY’S MORTGAGE RATES:
November 28th, 2011
During the past few weeks we have really seen a stable market for interest rates. Last week the bond market closed even (0 bps), keeping rates relatively the same as the week before. Rates have basically remained at the same levels for most of November.
I still recommend LOCKING in the present market. Rates look like they have hit their lows, and there is not any technical indicators that show that rates will go below their current levels. So without much hope of rates going lower, there really is only one way to go.
Floating a loan in the current market is hoping for rates to drop lower than they most likely will, and risking rates going up. I don’t think there is enough reward for the risk.
Below are rates available paying a point or less:
30 year fixed: 3.875% paying 1 point, 4.125% paying 0 points
20 year fixed: 3.875% paying .53 point, 4% paying 0 points
15 year fixed: 3.25% paying .85 points, 3.625% paying 0 points
5/1 ARM: 2.5% paying .78 points; 2.75% paying 0 points
7/1 ARM: 2.875% paying .92 points, 3.25% paying 0 points
30 year fixed High Balance Loan: 4.25% paying 1 point, 4.5% paying 0 points
30 year fixed FHA: 3.75% paying .54 points, 3.99% paying 0 points
15 year fixed FHA: 3.375% paying .66 points, 3.625% paying 0 points
30 year fixed VA: 3.75% 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, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline mortgages, Conforming mortgages, Conventional Mortgages, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, and Jumbo Mortgages.
November 28th, 2011
TODAY’S MORTGAGE RATES ; INTEREST RATES REMAIN STABLE