TODAY’S RATES – 30 YEAR FIXED AT 3.375%
January 14th, 2012
Last week interest rates rose after hitting their best levels of the year on Monday. The Mortgage Backed Security Market traded down (– 50 bps) on Thursday, but recovered some on Friday. Overall on the week, the MBS market closed down (-5 bps).
Technical indicators are showing that the market has a higher appetite for stocks and a smaller appetite for bonds. If this trend continues we will continue to see interest rates trend higher, like they have over the past 2 months.
I recommend locking in pricing on any improvements in the market. I am going to Hawaii for 10 days on January 28th. If you think you would like to get something started this week, please call/email as soon as you can.
Have a great week!!
BEST VALUE OF THE WEEK:
15 Year Fixed at 2.99% with $0 costs
TODAY’S RATES:
30 year fixed: 3.375% paying .87 points, 3.5% paying 0 points, 3.75% – $0 costs
20 year fixed: 3.375% paying .53 points, 3.5% paying 0 points, 3.625% – $0 costs
15 year fixed: 2.75% paying .42 points, 2.875% paying 0 points, 2.99% – $0 costs
5/1 ARM: 2.25% paying .98 points, 2.625% paying 0 points, 2.875% – $0 costs
7/1 ARM: 2.5% paying .87 points, 2.75% paying 0 points, 3.125%- $0 costs
30 year fixed High Balance Loan: 3.625% paying .41 points; 3.75% paying 0 points; 4% – $0 costs
30 year fixed FHA: 3.25% – $0 costs
15 year fixed FHA: 2.75% – 0 points, 3% – $0 costs
30 year fixed VA: 3.25% – $0 costs
Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. 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 Rates – 30 Year Fixed at 3.375%
