MORTGAGE RATES RISE WITH LESS CONCERN OVER EUROPE’S DEBT CRISIS
August 13th, 2012
The MBS market closed last week trading down (-38 bps) and on Monday the MBSmarket closed down ( – 3 bps).
Mortgage rates rose last week as fewer investors are seeking the safety of US Bonds and Mortgage Markets. These markets are technically selling negative – pushing rates up from their previous lows. The general mood on Europe’s monetary situation has improved with optimism that a solution to ease the situation will eventually happen. This optimism causes less demand for mortgage backed securities, pushing the prices lower and rates higher.
I recommend locking as the MBS market technical indicators are in a bear state, indicating that rates could continue to creep higher.
My best value of the week:
30 Year Fixed High Balance Loan at 3.75% with 0 points
Below are rates available today paying a point or less:
30 year fixed: 3.5% paying .24 points, 3.625% paying 0 points
20 year fixed: 3.375% paying .69 points, 3.5% paying 0 points
15 year fixed: 2.75% paying .869 points, 3% paying 0 points
5/1 ARM: 2.25% paying .8 points, 2.5% paying 0 points
7/1 ARM: 2.375% paying .85 point, 2.625% paying 0 points
30 year fixed High Balance Loan: 3.625% paying .43 points, 3.75% paying 0 points
30 year fixed FHA: 3.25% paying 0 points
15 year fixed FHA: 2.75% paying 0 points
30 year fixed VA: 3.25% 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 RISE WITH LESS CONCERN OVER EUROPE’S DEBT CRISIS
