February 8th, 2013

Rates have risen approximately .25% on fixed loans since my last update 2 weeks ago.  Adjustable Rate Mortgages have maintained their same levels.  The Mortgage Backed Security market is trading down (-83 bps) over that time.  The stock market has held recent gains which pushes investor money out of bonds, and into the stock market – increasing interest rate pricing. 

Many experts predicted the market would move back down after it’s recent rally.  It hasn’t.   There is increasing confidence among investors and the general public that the US economy is on the right track.  This week it was reported that homes values annually appreciated at their highest levels in 7 years. 

The debt ceiling debate is raging on again and most insiders predict another kick the can down the road strategy with debt cuts.  Congress’s new self imposed deadline is March 1st before large automatic cuts will go into effect.


The market is extremely volatile right now – meaning interest rate pricing can vary significantly each day.  I am recommending locking on any improvements in the market. 

Have a great week!!


5/1 ARM at 2.5% with 0 points


30 year fixed:     3.625% paying .49 points,     3.75% paying 0 points,     3.99% – $0 costs

20 year fixed:   3.5% paying .89 points,     3.625% paying 0 points,     3.875%  – $0 costs

15 year fixed:   2.875% paying .55 points,     2.99% paying 0 points,     3.25% – $0 costs

5/1 ARM:   2.25% paying .99 points,     2.5% paying 0 points,     2.875% – $0 costs

7/1 ARM:    2.5% paying .96 points,     2.75% paying 0 points,     3%- $0 costs

30 year fixed High Balance Loan:    3.75% paying .77 points;     4% paying 0 points;    4.125% – $0 costs

30 year fixed FHA:    3.25% paying 0 points,     3.375% paying $0 costs

15 year fixed FHA:    2.75% – 0 points,     3% – $0 costs

30 year fixed VA:    3.25% – $0 costs

TR - 2-8-13

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.

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