MORTGAGE RATES IMPROVE – 30 YEAR FIXED BACK TO 3.875%
April 2nd, 2012
The MBS Market closed last week trading (+ 31 bps.)
Mortgage rates saw some nice improvement this week. This was the improvement I expected last week, but better late than never.
I still maintain rates have seen their lows and will not reach them again unless there is a major economic blow. I see rates staying relatively stable for the foreseeable future.
Below are rates available today paying a point or less:
30 year fixed: 3.875% paying .99 points, 4% paying 0 points
20 year fixed: 3.75% paying 1 point, 3.99% paying 0 points
15 year fixed: 3.125% paying 1 point, 3.375% paying 0 points
5/1 ARM: 2.625% paying .8 points, 3.375% paying 0 points
7/1 ARM: 3% paying .86 points, 3.375% paying 0 points
30 year fixed High Balance Loan: 4.125% paying .8 points, 4.5% 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
Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. 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 mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.
TODAY’S MORTGAGE RATES – MORTGAGE RATES IMPROVE / 30 YEAR FIXED BACK TO 3.875%