30 YEAR FIXED AT 3.625% WITH .67 POINTS
May 14th, 2012
The MBS Market closed last week trading up (+9 bps.)
Rates continue their positive momentum as concerns continue to mount regarding Europe’s debt situation. As I explained last week, rates and pricing are great and are equal to the lowest levels in the history of the mortgage industry.
The market seems to have hit a bottom, as lenders are not offering below a certain level on the rate and pricing even when the market improves.
MY BEST VALUES OF THE WEEK:
30 Year Fixed at 3.625% paying .67 points
30 Year Fixed High Balance Loan at 3.875% paying .32 points
Below are rates available today paying a point or less:
30 year fixed: 3.625% paying .67 points, 3.875% paying 0 points
20 year fixed: 3.5% paying .32 points, 3.625% paying 0 points
15 year fixed: 2.875% paying .80 points, 3.125% paying 0 points
5/1 ARM: 2.375% paying .84 points, 2.75% paying 0 points
7/1 ARM: 2.625% paying .9 point, 2.75% paying 0 points
30 year fixed High Balance Loan: 3.875% paying .34 points, 3.99% paying 0 points
30 year fixed FHA: 3.75% paying 0 points
15 year fixed FHA: 2.875% paying .7 points, 3.125% 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 at 3.625% with .67 points
