RATES MAINTAIN RECENT LOW LEVELS

RATES MAINTAIN RECENT LOW LEVELS

January 21st, 2014

Interest rates stayed relatively calm last week.  They improved on Monday and have maintained close to the same levels the rest of the week.

The Mortgage Backed Security market ended last week + 40 bps, but finished this Tuesday – 5 bps. 

I expect the rate markets to be calm before the Fed statement coming next Wednesday.  The December employment report revealed that there are still cracks in the economy.  Most expect the FED to continue to taper down their asset purchasing program, but the historically below expected employment numbers may change that.

If you want to be safe, I would look at locking before next Wednesday.  We are still in an environment where rates may see pockets of improvement, but will still move higher as long as the FED continues to taper.

Have a great week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.5% with 0 points

5/1 ARM at 3.25% with 0 points

TODAY’S RATES:

30 year fixed:     4.375% – .91 points,     4.5% – 0 points,     4.625% – $0 costs

20 year fixed:   4.125% – .46 points,     4.25% – 0 points,     4.375%  – $0 costs

15 year fixed:   3.375% – .99 points,     3.625% – 0 points,     3.875% – $0 costs

10 year fixed:   3% – 1 points,     3.375% – 0 points,     3.5% – $0 costs

5/1 ARM:   3% – .7 points,     3.25% – 0 points,     3.625% – $0 costs

7/1 ARM:    3.375% – .96 points,     3.625% – 0 points,     3.75% – $0 costs

30 year fixed FHA:     4% – .92 points,     4.25% – $0 costs

15 year fixed FHA:    3.375% – .84 points,     3.625% – 0 points     3.75% – $0 costs

30 year fixed VA:     4.125% – .87s point,    4.25% – $0 costs

Today's Interest Rates - January 21st, 2014

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.  January 21st 2014 30 fix, January 22nd 2014 30 fix, January 23rd 2014 30 fix, January 24th 2014 30 fix, January 25th 2014 30 fix, January 26th 2014 30 fix, January 27th 2014 30 fix, January 28th 2014 30 fix.

RATES MAINTAIN RECENT LOW LEVELS

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