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 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
