INTEREST RATES REBOUND AFTER WILD WEEK

INTEREST RATES REBOUND AFTER WILD WEEK

September 9th, 2013

Interest rates moved to three year high’s on Thursday of last week, but recovered on Friday and Monday to bring levels close to where they were the previous week.

From Monday – Thursday, the Mortgage Backed Security market trading down -149 bps.  There was positive economic news in manufacturing, servicing, auto sales and most thought Friday’s employment numbers would surpass expectations. 

Then the Friday employment report hit.  Not only did Non Farm jobs come in below expectations, but they revised July’s numbers down 63,000.  The MBS market closed Friday + 74 bps, and closed this Monday + 40 bps. 

The big thing to watch this week is the Wednesday Congressional vote on whether to attack Syria.  Next week is the all important Fed meeting.

It looks like it will likely be another volatile week with interest rate swings common throughout each day.

Make it a great week!!      

BEST VALUE OF THE WEEK:            

5/1 ARM at 3.875% with 0 points

TODAY’S INTEREST RATES:

30 year fixed:     4.625% – .36 points,     4.75% – 0 points,     4.875% – $0 costs

20 year fixed:   4.375% – .99 points,     4.625% – 0 points,     4.75%  – $0 costs

15 year fixed:   3.625% – .63 points,     3.875% – 0 points,     4% – $0 costs

10 year fixed:   3.375% – 1 point,     3.625% – 0 points,     4% – $0 costs

5/1 ARM:   3.375% – .83 points,     3.875% – 0 points,     4.25% – $0 costs

7/1 ARM:    3.75% – .96 points,     4.125% – 0 points,     4.5% – $0 costs

30 year fixed FHA:    4.25% – 0 points,      4.375% – $0 costs

15 year fixed FHA:    3.625% – .94 points,     3.75% – 0 points,     4% – $0 costs

30 year fixed VA:     4.25% – 0 points,     4.375% – $0 costs

Today's Interest Rates - September 9th, 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.  Arizona refinance, California refinance, Colorado refinance.  Scottsdale, Arizona Mortgage Banker in McCormick Ranch.  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 refinance mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinance, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.

INTEREST RATES REBOUND AFTER WILD WEEK

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