RATES MOVE HIGHER AFTER FED ANNOUNCEMENT THEN RECOVER

RATES MOVE HIGHER AFTER FED ANNOUNCEMENT THEN RECOVER

March 25th, 2014

The big news last week was the FED announced another taper to their bond purchasing program of 10 billion. This move was expected with Janet Yellen’s congressional testimony that the FED would continue to taper and likely end their quantitative easing by the end of 2014.

As expected, rates moved sharply higher on Wednesday with the MBS market trading down – 80 bps on the day. My update last week said to lock before Wednesday and that prediction proved true. Luckily rates have recovered some since Wednesday – with positive MBS gains for the past 3 business days.

Currently 30 year fixed rates only went up approximately .4 pts on the price. 30 Year Fixed Loans for a well qualified borrower at 4.25% cost .91 points today. 15 Year Fixed rates went up from 3.25% to 3.375% costing .50 points today. 5/1 ARMs are still available below 3% for less than a point.

All pricing quoted still includes my limited time March Rate Lock Special which improves pricing on:

Fixed Conforming Loans by .375 pts
Fixed FHA/VA Government Loan by .5 pts

For a free email mortgage quote, please go to mortgage tab on the right or to freemortgagequote.biz

Below are today’s interest rates – have a wonderful week!!

BEST VALUE OF THE WEEK:

20 Year Fixed at 4.25% with 0 points

30 Year Fixed VA Loan at 3.875% with 0 points

TODAY’S INTEREST RATES:

30 year fixed:       4.25% – .91 points,        4.5% – 0 points,        4.625% – $0 costs

20 year fixed:        4% – .96 points,        4.25% – 0 points,        4.375% – $0 costs

15 year fixed:        3.375% – .50 points,        3.5% – 0 points,       3.625% – $0 costs

10 year fixed:       3% – .56 points,        3.125% – 0 points,         3.5% – $0 costs

5/1 ARM:         2.875% – .74 points,         3.125% – 0 points,          3.375% – $0 costs

7/1 ARM:         3.25% – .72 points,         3.5% – 0 points,         3.75% – $0 costs

30 year fixed FHA:        3.75% – .78 points,        4% – 0 points,        4.125% – $0 costs

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

30 year fixed VA:         3.75% – .51 points,         3.875% – 0 points,         4.125% – $0 costs

Today's Interest Rates - March 25th, 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. March 25th 2014 30 fix rates, March 26th 2014 30 fix rates, March 27th 2014 30 fix rates, March 28th 2014 30 fix rates, March 29th 2014 30 fix rates, March 30th 2014 30 fix rates, March 31st 2014 30 fix rates, April 1st 2014 30 fix rates.

RATES MOVE HIGHER AFTER FED ANNOUNCEMENT THEN RECOVER

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RATES LOWER AMID CONCERN OVER UKRAINE / LOCK BEFORE FED STATEMENT ON WEDNESDAY

RATES LOWER AMID CONCERN OVER UKRAINE   /    LOCK BEFORE FED STATEMENT ON WEDNESDAY

March 17th, 2014

Last week interest rates improved with the Mortgage Backed Security (MBS) market closing + 55 bps.  Thursday was an especially good day when fears regarding Ukraine / Russia military action reached their peak.  On Thursday alone, the MBS market closed + 58 bps.

Since Thursday, rates have pulled back a bit higher with traders not as concerned with military action in Ukraine.  This is a situation to monitor closely, as traders will seek the security of the MBS and treasury markets should the Ukraine/Russia situation escalate into military action.

As of Monday evening – interest rates leveled to:

30 Year Fixed at 4.25% costing .51 pts,  4.375% costing 0 pts

15 Year Fixed at 3.25% costs .78 pts,   3.375% costing 0 pts

This pricing still includes my company’s March Rate Lock special which could end at any time.

The Federal Open Market Committee (FOMC) is meeting on March 18th and 19th -with a statement to be released on March 19th.  It is suspected that the FED will again taper their bond purchasing program by at least another 10 billion.  I strongly suggest locking before Wednesday , as I think the FED will taper again, and interest rates will move higher as a result.

Below are today’s interest rates and have a wonderful week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.375% with 0 points

5/1 ARM at 2.75% with .67 points

TODAY’S INTEREST RATES:

30 year fixed:     4.25% – .51 points,     4.375% – 0 points,     4.5% – $0 costs

20 year fixed:   4% – .70 points,     4.125% – 0 points,     4.25%  – $0 costs

15 year fixed:   3.25% – .78 points,     3.375% – 0 points,     3.625% – $0 costs

10 year fixed:   3% – .41 points,     3.125% – 0 points,     3.5% – $0 costs

5/1 ARM:   2.75% – .67 points,     3% – 0 points,     3.25% – $0 costs

7/1 ARM:    3.125% – .69 points,     3.375% – 0 points,     3.625% – $0 costs

30 year fixed FHA:     3.75% – .23 points,     3.875% – 0 points,     4.125% – $0 costs

15 year fixed FHA:    3.25% – 0 points,     3.375% – $0 costs

30 year fixed VA:     3.75% – .21 points,    3.875% – 0 points,      4.125% – $0 costs

Today's Interest Rates - March 17th, 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.  March 17th 2014 30 year fixed rates, March 18th 2014 30 year fixed rates, March 19th 2014 30 year fixed rates, March 20th 2014 30 year fixed rates, March 21st 2014 30 year fixed rates, March 22nd 2014 30 year fixed rates, March 23rd 2014 30 year fixed rates, March 24th 2014 30 year fixed rates.

RATES LOWER AMID CONCERN OVER UKRAINE   /    LOCK BEFORE FED STATEMENT ON WEDNESDAY

RATES MOVE HIGHER WITH EMPLOYMENT REPORT / MARCH RATE LOCK SPECIAL

RATES MOVE HIGHER WITH EMPLOYMENT REPORT / MARCH RATE LOCK SPECIAL

March 10th, 2014

Rates moved higher 4 of the 5 days last week with the mortgage backed security market closing the week down – 94 bps. The week was capped with the February employment report which beat estimates for the first time in many months.

Non-farm payroll jobs increased 175k versus estimates of 139k. This shot the MBS market way down on Friday, closing at their highest levels since mid January. Unfortunately, this report usually points the direction for interest rates in the coming month. The good jobs report along with a FED meeting in March where the FED is expected to lower it’s bond purchases by another 10 billion, lead me to believe that this will not be a good month for interest rates.

My company is still offering a limited time March rate lock special. This special is off setting the rise in rate pricing with discount of:

.375 bps off conforming fixed loans
.5 bps off FHA/VA fixed loans

Please contact me if you would like to take advantage of the March rate lock special.

For a free email mortgage quote, please go to mortgage quote tab on the right side of this page.  Below are today’s interest rates and have a wonderful week!!

BEST VALUE OF THE WEEK:

20 Year Fixed at 4.25% with 0 points

10 Year Fixed at 3.25% with 0 points

TODAY’S INTEREST RATES:

30 year fixed:      4.375% – .51 points,      4.5% – 0 points,      4.625% – $0 costs

20 year fixed:       4.125% – .32 points,       4.25% – 0 points,        4.375% – $0 costs

15 year fixed:       3.375% – .36 points,       3.5% – 0 points,        3.625% – $0 costs

10 year fixed:       3% – .7 points,       3.25% – 0 points,      3.5% – $0 costs

5/1 ARM:       2.75% – .96 points,       3% – 0 points,       3.375% – $0 costs

7/1 ARM:      3.125% – .97 points,       3.375% – 0 points,        3.625% – $0 costs

30 year fixed FHA:      3.75% – .77 points,      4% – 0 points,       4.125% – $0 costs

15 year fixed FHA: 3.25% – 0 points, 3.375% – $0 costs

30 year fixed VA: 3.75% – .5 points, 3.875% – 0 points, 4.125% – $0 costs

Today's Interest Rates - March 10th, 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. March 10th 2014 30 year fixed rates, March 11th 2014 30 year fixed rates, March 12th 2014 30 year fixed rates, March 13th 2014 30 year fixed rates, March 14th 2014 30 year fixed rates, March 15th 2014 30 year fixed rates, March 16th 2014 30 year fixed rates.

RATES MOVE HIGHER WITH EMPLOYMENT REPORT / MARCH RATE LOCK SPECIAL

RATES IMPROVE – **MARCH RATE LOCK SPECIAL**

RATES IMPROVE   –   **MARCH RATE LOCK SPECIAL**

March 3rd, 2014

My company is offering a March pricing special to drum up new business this month.  This is usually a limited time offer – only available on loans locked within the next couple days.

The special is:

.375 points off pricing at any rate on a conventional loan

.5 points off pricing at any rate on a FHA / VA loan

.25 points off pricing on High Balance Conforming, Jumbo, and FHA/VA Jumbo

march-sales-e1392850315342

Please contact me as soon as possible if you would like to take advantage of this limited time offer.

Along with the pricing special, interest rates improved greatly last week.

The Mortgage Backed Security (MBS) market closed the week + 76 bps, and is currently trading + 20 bps higher on Monday.  This is pushing par 30 year fixed rates back to 4.25% and 15 year fixed rates back to 3.25%.

Now is a great time to lock with the improved rates and the March pricing special.

Below are today’s interest rates.  

Have a great week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.5% with $0 costs

15 Year Fixed at 3.5% with $0 costs

TODAY’S RATES:

30 year fixed:     4.25% – .46 points,     4.375% – 0 points,     4.5% – $0 costs

20 year fixed:   4% – .43 points,     4.125% – 0 points,     4.25%  – $0 costs

15 year fixed:   3.25% – .57 points,     3.375% – 0 points,     3.5% – $0 costs

10 year fixed:   2.875% – .95 points,     3.125% – 0 points,     3.5% – $0 costs

5/1 ARM:   2.75% – .66 points,     3% – 0 points,     3.25% – $0 costs

7/1 ARM:    3% – .98 points,     3.25% – 0 points,     3.5% – $0 costs

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

15 year fixed FHA:     3.25% – $0 costs

30 year fixed VA:     3.75% – 0 points,      3.875% – $0 costs

Today's Interest Rates - March 3rd, 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.

RATES IMPROVE   –   **MARCH RATE LOCK SPECIAL**

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