INTEREST RATES TRENDING UP / MONDAY IS LAST DAY FOR HOLIDAY RATE SPECIAL
December 2nd, 2013
I hope everyone had a great Thanksgiving!! Interest rates rose for the second straight week with the Mortgage Backed Security market closing down – 39 bps.
The MBS market is currently down almost -70 bps over the past 2 weeks and interest rates are around 2 month highs. Still they are fluctuating in the same range they have for most of the past 5 months with 30 year fixed rates in the 4.125% – 4.375% range.
Over the long term, rates have been very stable and they will likely stay in a tight range unless something happens with the FED and their bond purchasing stimulus.
The FED meets again this month, but most don’t expect the FED to taper their stimulus until 2014.
HOLIDAY INTEREST RATE SPECIAL
My Holiday interest rate special ends at 4 pm Pacific on Monday. In order to get the discount, I must approve loan and order appraisal by that time.
The discount is:
.5 points off all CONFORMING, FHA, and VA loans.
.25 points of all HIGH BALANCE CONFORMING LOANS
The pricing below includes the discount, but all pricing will move up after Monday. Please contact me on Monday if you would like to lock in before this special ends.
BEST VALUE OF THE WEEK:
20 Year Fixed at 4.125% with 0 points
7/1 ARM at 3.25% with 0 points
TODAY’S RATES:
30 year fixed: 4.25% – .69 points, 4.5% – 0 points, 4.625% – $0 costs
20 year fixed: 4% – .812 points, 4.125% – 0 points, 4.375% – $0 costs
15 year fixed: 3.375% – .34 points, 3.5% – 0 points, 3.625% – $0 costs
10 year fixed: 3% – .684 point, 3.25% – 0 points, 3.5% – $0 costs
5/1 ARM: 2.5% – .98 points, 2.875% – 0 points, 3.125% – $0 costs
7/1 ARM: 3% – .75 points, 3.25% – 0 points, 3.5% – $0 costs
30 year fixed FHA: 3.75% – .25 points, 3.875% – 0 points, 4.125% – $0 costs
15 year fixed FHA: 3.25% – 0 points, 3.5% – $0 costs
30 year fixed VA: 3.75% – .83 points, 4% – 0 points, 4.25% – $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. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. McCormick Ranch Loan Officer. 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 TRENDING UP / MONDAY IS LAST DAY FOR HOLIDAY RATE SPECIAL
