Month: April 2013

LOWEST RATES OF 2013 – 30 YEAR FIXED DOWN TO 3.25%

LOWEST RATES OF 2013   –   30 YEAR FIXED DOWN TO 3.25%

April 28th, 2013

Interest rates have fallen to the lowest levels of 2013 and are close to their lowest levels ever.  The mortgage backed security market closed the week trading (+ 39 bps).  The 10 year note broke a key technical indicator trading below 1.69%. 

Interest rates are on a roll and now is a great time to lock in a great rate.  You can currently get a 30 year fixed rate at 3.25% with less than a point and a 15 year fixed rate at 2.5% with less than a point. 

When rates hit really low levels, they usually don’t stay there for long.  This coming week will likely be volatile with the Federal Open Market Committee meeting and April’s employment numbers coming out on Friday.

I would recommend locking early this week if you are in the market for a home loan.

Make it a great week!!   

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.375% paying 0 points

15 Year Fixed at 2.625% paying 0 points

TODAY’S RATES:

30 year fixed:     3.25% paying .88 points,     3.375% paying 0 points,     3.5% – $0 costs

20 year fixed:   3.125% paying .23 points,     3.25% paying 0 points,     3.375%  – $0 costs

15 year fixed:   2.375% paying .92 points,     2.625% paying 0 points,     2.875% – $0 costs

5/1 ARM:   2.125% paying .89 points,     2.375% paying 0 points,     2.625% – $0 costs

7/1 ARM:    2.25% paying .99 points,     2.625% paying 0 points,     2.75%- $0 costs

30 year fixed High Balance Loan:    3.5% paying .73 points;     3.75% – $0 costs

30 year fixed FHA:    3% paying .93 points;     3.25% – $0 costs

15 year fixed FHA:    2.375% paying .94 points,     2.75% – $0 costs

30 year fixed VA:    3.25% – $0 costs

TR - April 28th, 2013

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.

Lowest Rates of 2013 – 30 year fixed down to 3.25%

TODAY’S INTEREST RATES – 30 YEAR FIXED AT 3.5%

TODAY’S INTEREST RATES – 30 YEAR FIXED AT 3.5%

April 22nd, 2013

It’s been an uneventful week for interest rates. The Mortgage Backed Security market closed the week trading up (+ 3 bps). It’s suprising that we didn’t see more positive interest rate momentum with the stock market having one of it’s worst weeks in the past year.

The DOW Jones closed last week trading down -317 and polls show Americans are becoming pessimistic about the economy again. Last week would typically result in improving rates, but US Treasuries and the MBS market couldn’t surpass technical indicators to cause rates to drop.

It’s possible we may have hit the rate floor. Interest rates are unbelievably low, but still not at the all time low levels hit last year.

Make it a great week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.625% paying 0 points

TODAY’S RATES:

30 year fixed:      3.5% paying .20 points, 3.625% paying 0 points, 3.75% – $0 costs

20 year fixed:     3.375% paying .52 points, 3.5% paying 0 points, 3.625% – $0 costs

15 year fixed:      2.5% paying .99 points, 2.75% paying 0 points, 3% – $0 costs

5/1 ARM:      2% paying .99 points, 2.375% paying 0 points, 2.625% – $0 costs

7/1 ARM:     2.25% paying .99 points, 2.625% paying 0 points, 2.75%- $0 costs

30 year fixed High Balance Loan:     3.625% paying .82 points; 3.75% paying 0 points; 4% – $0 costs

30 year fixed FHA:     3.25% – $0 costs

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

30 year fixed VA:      3.25% – $0 costs

TR - 4-15-2013

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 INTEREST RATES – 30 YEAR FIXED AT 3.5%,  April 22nd, 2013

INTEREST RATES HOLD STEADY

INTEREST RATES HOLD STEADY

April 15th, 2013

Happy Tax Day!!

Interest rates closed last week very similar to where they started the week.  The Mortgage Backed Security market closed the week trading down (– 22 bps), but closed Monday trading up (+ 16 bps).

We are finally seeing some signs of weakness in the stock market, which could be a good sign for interest rates.  On Monday, the DOW Jones closed more than 100 points down.  China’s 1st quarter GDP was lower than expected.  The gold market crashed. 

The increased uneasiness in the stock markets should see more investors flock to the safety of US Treasuries and mortgage backed securities.  The stock market has been due for a pull back, and it appears it may be upon us.

Overall, interest rates are very good right now, but may even drop a bit lower.  Expect a lot of volatility this week with many economic reports set to be released. 

Make it a great week!!   

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.625% paying 0 points

TODAY’S RATES:

30 year fixed:     3.5% paying .20 points,     3.625% paying 0 points,     3.75% – $0 costs

20 year fixed:   3.375% paying .52 points,     3.5% paying 0 points,     3.625%  – $0 costs

15 year fixed:   2.625% paying .62 points,     2.875% paying 0 points,     3% – $0 costs

5/1 ARM:   2% paying .99 points,     2.375% paying 0 points,     2.625% – $0 costs

7/1 ARM:    2.25% paying .99 points,     2.625% paying 0 points,     2.75%- $0 costs

30 year fixed High Balance Loan:    3.625% paying .63 points;     3.75% paying 0 points;     3.875% – $0 costs

30 year fixed FHA:    3.25% – $0 costs

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

30 year fixed VA:    3.25% – $0 costs

TR - 4-15-2013

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.

RATES HIT LOWEST LEVELS SINCE JANUARY

RATES HIT LOWEST LEVELS SINCE JANUARY

April 8th, 2013

Interest rates had their best week in months.  Interest rates dropped approximately .125% on the week with the Mortgage Backed Security market closing up (+ 122 bps).  This is the fourth consecutive week that interest rates have improved, with last week being the most dramatic drop.

The economic optimism is coming back to earth which is helping interest rates come back down.  The Dow Jones closed last week close to where it began.  American citizens in some industries are now starting to feel the effects of the sequester.  North Korea’s bold rhetoric is starting to worry some investors. 

The week was capped by a lower than expected March job report.  Although the unemployment rate dropped from 7.7% to 7.6%, job growth was much lower than forecasted.  Non farm jobs only grew 88k from an expected 200k.  The drop in unemployment is mainly due to people leaving the work force.    

This week is another great opportunity to lock in as rates are at their lowest levels since January. 

Make it a great week!!   

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.625% paying 0 points

TODAY’S RATES:

30 year fixed:     3.5% paying .21 points,     3.625% paying 0 points,     3.75% – $0 costs

20 year fixed:   3.25% paying .87 points,     3.5% paying 0 points,     3.625%  – $0 costs

15 year fixed:   2.625% paying .83 points,     2.875% paying 0 points,     3% – $0 costs

5/1 ARM:   2% paying .99 points,     2.375% paying 0 points,     2.625% – $0 costs

7/1 ARM:    2.25% paying .89 points,     2.5% paying 0 points,     2.75%- $0 costs

30 year fixed High Balance Loan:    3.625% paying .44 points;     3.75% paying 0 points;     3.875% – $0 costs

30 year fixed FHA:    3.25% – $0 costs

15 year fixed FHA:    2.75% paying 0 points,     2.875% – $0 costs

30 year fixed VA:    3.25% – $0 costs

TR - April 8th, 2013

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.

RATES HIT LOWEST LEVELS SINCE JANUARY

INTEREST RATES IMPROVE FOR THIRD STRAIGHT WEEK

INTEREST RATES IMPROVE FOR THIRD STRAIGHT WEEK

April 1st, 2013

Interest rates showed steady improvement for the third straight week.  The Mortgage Backed Security market closed the week trading up (+ 28 bps).

Although we are not seeing massive rate movement, interest rates gradually decreasing is a positive development for those considering a new mortgage.  With the recent rate improvement, those currently in the low 4%’s on a 30 year fixed mortgage can take advantage of a lower rate at $0 costs. 

In European debt news, Cyprus was able to reach a bail out deal, but the unrest in the European Union will likely keep investors buying safer mortgage backed securities and US treasury bonds.  This security measure should work as an obstacle for rates to move higher. 

LOCK ADVICE:

Now is a good time to lock.  Rates have improved for 3 weeks straight and are at their lowest levels since January.

This week is employment week with March’s unemployment report to be released on Friday.  As always, this usually causes considerably movement in the interest rate markets. 

Make it a great week!!    

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.875% paying $0 costs

TODAY’S RATES:

30 year fixed:     3.5% paying 1 point,     3.75% paying 0 points,     3.875% – $0 costs

20 year fixed:   3.375% paying 1 point,     3.625% paying 0 points,     3.75%  – $0 costs

15 year fixed:   2.75% paying .96 points,     3% paying 0 points,     3.125% – $0 costs

5/1 ARM:   2.125% paying .95 points,     2.375% paying 0 points,     2.75% – $0 costs

7/1 ARM:    2.375% paying .88 points,     2.625% paying 0 points,     2.875%- $0 costs

30 year fixed High Balance Loan:    3.75% paying .71 points;     4% paying 0 points;     4.125% – $0 costs

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

15 year fixed FHA:    2.75% paying .26 points,     3% paying 0 points,     3.25% – $0 costs

30 year fixed VA:    3.25% – $0 costs

TR - April 1st, 2013

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.

INTEREST RATES IMPROVE FOR THIRD STRAIGHT WEEK