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

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