30 Year Fixed Rates Back to 3.875%


April 16th, 2012

The MBS Market closed last week trading (-6 bps.)    

30 Year Fixed Rates dropped to 3.75% on Tuesday and were there for a day or two, but pulled up around Thursday.  3.75% rates are still available, but will just typically cost more than 1 point to get.

There are some housing reports and other financial data coming out next week that should give a clearer picture of the housing market as a whole.  Europe is back in the news and anything negative coming from their debt crisis could push rates lower.

I expect rates to remain relatively stable this week.  Big changes could come next week.  There is a Federal Open Market Committee meeting, which typically causes a large surge in rates one way or the other.

Below are rates available today paying a point or less:

30 year fixed: 3.875% paying .3 points, 3.99% paying 0 points

20 year fixed: 3.625% paying .65 point, 3.875% paying 0 points

15 year fixed: 2.99% paying .8 point, 3.25% paying 0 points

5/1 ARM: 2.5% paying .68 points, 2.75% paying 0 points

7/1 ARM: 2.75% paying .63 points, 3% paying 0 points

30 year fixed High Balance Loan: 4% paying .266 points, 4.125% paying 0 points

30 year fixed FHA: 3.75% paying 0 points

15 year fixed FHA: 3% paying .8 points, 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.

30 Year Fixed Rates Back to 3.875%