RATES MOVE SLIGHTLY HIGHER / DEBT CEILING DEADLINE ON THURSDAY

October 14th, 2013

Interest rates moved slightly higher last week, but overall have remained quite steady for 3 weeks.  All eyes are on Washington DC to end the gov’t shutdown and increase the debt ceiling.

The US treasury states that it will run out of money on Thursday, October 17th.  Anything but full payment on the debts due could cause an international crisis.  Even if the debts are paid, if a debt ceiling deal is not reached by Thursday it will likely cause stocks to plummet and interest rates to rise quickly.

With world newspapers decrying the lack of leadership in the US, and editorials being published about de-Americanizing international monetary policies, it’s time for this deal to get done.

Rumors are that a short term deal is likely and we will be doing another debt ceiling count down in the near future.  Either way, it is imperative that something gets done by Thursday or we will likely to see a huge rise in rates.

That unfortunately would be the least of our worries. 

Make it a great week!! 

BEST VALUE OF THE WEEK:           

20 Year Fixed at 4.25% with 0 points

TODAY’S RATES:

30 year fixed:     4.25% – .91 points,     4.375% – 0 points,     4.625% – $0 costs

20 year fixed:   4.125% – .73 points,     4.25% – 0 points,     4.5%  – $0 costs

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

10 year fixed:   3.125% – .68 points,     3.375% – 0 points,     3.625% – $0 costs

5/1 ARM:   2.75% – .96 points,     3.125% – 0 points,     3.5% – $0 costs

7/1 ARM:    3.25% – .98 points,     3.5% – 0 points,     3.75% – $0 costs

30 year fixed FHA:    3.75% – .52 points,    3.875% – 0 points,      4% – $0 costs

15 year fixed FHA:    3.25% – .58 points,     3.5% – 0 points,     3.75% – $0 costs

30 year fixed VA:     3.875% – .32 points,    4% – 0 points,     4.25% – $0 costs

Today's Interest Rates - October 14th, 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.

Advertisements
%d bloggers like this: