RATES MOVE HIGHER AFTER REPORTS OF RUSSIA / UKRAINE PEACE AGREEMENT
April 21st, 2014
Interest rates remained relatively stable for most of the week until Thursday.
On Thursday a peace accord was reported between Russia, Ukraine, the EU, and The United States. Investors have been monitoring this situation closely and once it appeared that the danger of a serious conflict had diminished, traders took money out of the safety of Bonds and Mortgage Backed Securities and into more higher risk, higher reward investments. This caused interest rate pricing to move up quite a bit on Thursday and Friday.
At the close of the week, the Mortgage Backed Security (MBS) market closed down -66 basis points. On Monday, we saw a slight rebound with the MBS closing up + 12 basis points.
The Ukraine situation is worth monitoring as much of the reason interest rates are not higher than they are is due to the unrest in this region and investors wanting the safety of the bond and MBS markets.
Currently – 30 year fixed rates are available at
4.25% paying 1 point (4.45% APR), 4.5% paying 0 points (4.55% APR), and 4.625% paying $0 costs (4.625% APR) for a well qualified borrower.
15 year fixed rates are available at 3.375% paying .73 points (3.515% APR), 3.625% paying 0 points (3.63% APR), 3.75% paying $0 costs (3.75% APR).
There is not a ton of data this week so I’m hoping we will see some small price improvement in interest rate pricing.
For a free email mortgage quote, please go to http://www.freemortgagequote.biz.
Below are today’s interest rates – have a wonderful week!!
BEST VALUE OF THE WEEK:
5/1 ARM at 3.125% with 0 points (3.16% APR)
TODAY’S INTEREST RATES:
30 year fixed: 4.25% – 1 point (4.45% APR), 4.5% – 0 points (4.55% APR)
20 year fixed: 4.125% – .15 points (4.19% APR), 4.25% – 0 points (4.28% APR)
15 year fixed: 3.375% – .73 points (3.515% APR), 3.625% – 0 points (3.63% APR)
10 year fixed: 3% – .97 points (3.19% APR), 3.375% – 0 points (3.41% APR)
5/1 ARM: 2.75% – .92 points (2.94% APR), 3.125% – 0 points (3.2% APR)
7/1 ARM: 3.125% – .99 points (3.325% APR), 3.5% – 0 points (3.53% APR)
30 year fixed FHA: 3.875% – .48 points (4.475% APR), 4.125% – 0 points (4.66% APR)
15 year fixed FHA: 3.25% – .28 points (3.61% APR), 3.375% – 0 points (3.7% APR)
30 year fixed VA: 3.75% – .97 points (3.97% APR), 4% – 0 points (4.07% APR)
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 21st 2014 30 year fixed rates, April 22nd 2014 30 year fixed rates, April 23rd 2014 30 year fixed rates, April 24th 2014 30 year fixed rates, April 25th 2014 30 year fixed rates, April 26th 2014 30 year fixed rates, April 27th 2014 30 year fixed rates.
RATES MOVE HIGHER AFTER REPORTS OF RUSSIA / UKRAINE PEACE AGREEMENT
