INTEREST RATES HIT 3 WEEK LOWS

INTEREST RATES HIT 3 WEEK LOWS

April 7th, 2014

Interest rates look primed to continue moving higher last week. Most market watchers expected a really strong March employment report, which would have likely pushed interest rates much higher on Friday.

The employment report numbers were actually pretty decent. There were 192k non payroll jobs created, slightly below the 200k expectation. February’s job creation was also adjusted higher. Overall, the numbers weren’t much lower than predicted, but the Mortgage Backed Security market benefited greatly from job creation not reaching their estimates.

The MBS market closed + 43 basis points on Friday alone, and then followed up on Monday closing up + 32 basis points. The stock market also had 2 very bad days with investors moving money from stocks to bonds.

Now is a great time to lock in and take advantage of the recent improvement.

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

BEST VALUE OF THE WEEK:

20 Year Fixed at 4.25% with 0 points

15 Year Fixed at 3.5% with 0 points

TODAY’S INTEREST RATES:

30 year fixed:  4.25% – 1 point,      4.5% – 0 points,      4.625% – $0 costs

20 year fixed:  4% – .93 points,      4.25% – 0 points,      4.375% – $0 costs

15 year fixed:  3.375% – .586 points,      3.5% – 0 points,       3.75% – $0 costs

10 year fixed:  3% – .54 points,      3.25% – 0 points,       3.5% – $0 costs

5/1 ARM:  2.75% – .73 points,      3% – 0 points,      3.25% – $0 costs

7/1 ARM:  3.125% – .85 points,      3.375% – 0 points,      3.625% – $0 costs

30 year fixed FHA:  3.75% – .84 points,      4% – 0 points,      4.25% – $0 costs

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

30 year fixed VA:     3.75% – .58 points,      4% – 0 points,      4.125% – $0 costs

Today's Interest Rates - April 7th, 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. April 7th  2014 30 year fixed rates, April 8th 2014 30 year fixed rates, April 9th 2014 30 year fixed rates, April 10th 2014 30 year fixed rates, April 11th 2014 30 year fixed rates, April 12th 2014 30 year fixed rates, April 13th 2014 30 year fixed rates, April 14th 2014 30 year fixed rates.

Interest Rates hit 3 week lows – April 7th – 8th, 2014

 

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