MORTGAGE RATES SURPASS RECORD LOWS, AGAIN!!!

MORTGAGE RATES SURPASS RECORD LOWS,  AGAIN!!!

June 4th, 2012

The MBS Market closed last week trading up (+ 100 bps)!! 

Mortgage Rates positive momentum started with great pricing improvement near the latter half of the week.  The stock market was hit hard last week, culminating in a poor jobs report on Friday that pushed rates below another record.

That being said, when mortgage rates hit a low point, they usually only stay there for a day or two tops.  I expect rates to increase this week, but not by much.

This is the best time in the history of the mortgage industry to take advantage of low rates either by refinancing or purchasing a new home.  Please call me or fill out the quote questions below for an up to date quote. 

My best values for the week:

30 Year Fixed at 3.625% paying less than .2 points.

20 Year Fixed at 3.5% paying 0 points.

Below are rates available today paying a point or less:

30 year fixed: 3.5% paying .65 point, 3.75% paying 0 points

20 year fixed: 3.375% paying .31 points, 3.5% paying 0 points

15 year fixed: 2.875% paying .54 points, 3% paying 0 points

5/1 ARM: 2.25% paying .89 points, 2.625% paying 0 points

7/1 ARM: 2.375% paying .97 point, 2.75% paying 0 points

30 year fixed High Balance Loan: 3.75% paying .47 points, 3.875% paying 0 points

30 year fixed FHA: 3.25% paying .95 points; 3.5% paying 0 points

15 year fixed FHA: 2.75% paying .62 points, 3% paying 0 points

30 year fixed VA: 3.25% paying .819 points, 3.5% 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.

MORTGAGE RATES SURPASS RECORD LOWS,  AGAIN!!!

Advertisements
%d bloggers like this: