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
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%
