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
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
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.