November 14th, 2011

The bond market closed last week trading down – 19 bps. Mortgage rates and pricing increased slightly on the week as a whole. My bank took on a new investor, so my pricing is improved across the board even though pricing is a bit higher this week. Check out my updated pricing below:

The bond market and stock market are still trading up and down with most investors looking at Europe’s debt crisis. One day, the markets are doom and gloom due to discouraging developments in Europe. The next day, the markets are up beat as new plans/leadership are announced, increasing hope that the crisis will soon be averted.

Mortgage rates have seemed to hit an even plane where they continue to stay in the 3.875% – 4.125% range for a 30 year fixed product.

As I said last week, I am still encouraging customers to consider 5/1 and 7/1 ARM loans right now. I am seeing 0 cost loans on a 5/1 ARM and 7/1 ARM in the low 3%’s, and even lower if you want to pay fees.

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: 3.75% paying 1 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.

Today’s Mortgage Rates – November 14th, 2011