INTEREST RATES CONTINUE TO IMPROVE – 30 YEAR FIXED DOWN TO 4.125%

INTEREST RATES CONTINUE TO IMPROVE – 30 YEAR FIXED DOWN TO 4.125%

May 27th, 2014

Mortgage interest rates continue to slowly improve – currently at their lowest levels in 11 months.

The Mortgage Backed Security market closed Monday, May 27th, trading up + 15 bps. The MBS market closed up + 30 bps last week, and up + 40 bps the week before.
There are a few main reasons that interest rates are continuing to show improvement.

The Ukraine situation is still volatile and military conflict is a possibility. Investors seek safety through US treasuries and Mortgage Backed Securities which helps improve interest rates.

Some experts believe that the stock market is trading much higher than it should based upon the actual performance of the companies. Some hold the view that a large correction could be in the future, which increases investment into US treasuries and MBS.

Lastly, it is expected that the European Central Bank will add another stimulus next week – which like the US’s Quantitative Easing – is a positive for mortgage interest rates.

All of these situations are helping rates move lower, but most experts don’t believe rates will go much lower than they are right now. The market hasn’t allowed 30 year fixed rates to drop back into the 3%’s since they rapidly moved up 12 months ago when the FED said they would likely taper their stimulus package.

So we are in high risk, low reward situation. Rates may go a little bit lower, but it’s very unlikely they will drop below 4%. Most experts believe rates are going to move higher – the question is when it will happen. With rates being at their lowest levels in 11 months, I lean towards the safe side and recommend locking.

Last week, I missed my first weekly update in quite a few years. My wife Sarah and I welcomed our 2nd child into the world – Dylan Rose Green. She was born at 12:20 AM on May 19th. She is healthy and we are truly blessed to have 2 great kids.

Dylan

 

 

 

 

 

 

Dylan and Jack

 

 

 

 

 

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

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

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.25% paying 0 points

5/1 ARM at 3% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .46 points (4.215% APR),       4.25% – 0 points (4.27% APR)

20 year fixed:      3.875% – .73 points (4.02% APR),      4.125% – 0 points (4.13% APR)

15 year fixed:      3.25% – .65 points (3.38% APR),      3.375% – 0 points (3.41% APR)

10 year fixed:      3% – .6 points (3.12% APR),       3.25% – 0 points (3.28% APR)

5/1 ARM:       2.75% – .82 points (2.92% APR),       3% – 0 points (3.04% APR)

7/1 ARM:       3.125% – .82 points (3.28% APR),       3.375% – 0 points (3.4% APR)

30 year fixed FHA:       3.75% – 0 points (4.75% APR),

15 year fixed FHA:       3.125% – .51 points (3.525% APR),        3.25% – 0 points (3.55% APR)

30 year fixed VA:       3.75% – .20 points (3.79% APR),       3.875% – 0 points (3.89% APR)

Today's Interest Rates - May 27th, 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. May 27th 2014 30 year fixed rates, May 28th 2014 30 year fixed rates, May 29th 2014 30 year fixed rates, May 3oth 2014 30 year fixed rates, June 1st 2014 30 year fixed rates, June 2nd 2014 30 year fixed rates, June 3rd 2014 30 year fixed rates.

INTEREST RATES CONTINUE TO IMPROVE – 30 YEAR FIXED DOWN TO 4.125%

 

Advertisements

RATES HIT LOWEST LEVELS ON THURSDAY – RECOMMEND LOCKING

RATES HIT LOWEST LEVELS ON THURSDAY – RECOMMEND LOCKING

May 12th, 2014

Interest rates bottomed out on Thursday of last week. Since Thursday – interest rates have seen a market correction the other way – pushing interest rates a bit higher on Friday and Monday.

The Mortgage Backed Security (MBS) market closed the week down – 11 bps, but actually finished the week positive when we account for the monthly rollover of – 27 bps. The MBS closed Monday trading down -12 bps.

The MBS market is still trading in the lower portion of the trading range, meaning interest rates are the lowest they’ve been in some time, and they are unlikely to go much lower without a significant market event.

Without the likelihood of rates going much lower, I would highly recommend locking as I think interest rates will likely move up from here.

For a free email mortgage quote, please email me the questions at the bottom of this newsletter to rpgj80@hotmail.com or go to http://www.freemortgagequote.biz.

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

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.375% paying 0 points

20 Year Fixed at 4.125% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:    4.25% – .29 points (4.31% APR),    4.375% – 0 points (4.4% APR)

20 year fixed:    4% – .62 points (4.12% APR),     4.125% – 0 points (4.16% APR)

15 year fixed:     3.375% – .48 points (3.475% APR),     3.5% – 0 points (3.53% APR)

10 year fixed:     3% – .88 points (3.17% APR),     3.25% – 0 points (3.29% APR)

5/1 ARM:     2.75% – .97 points (2.97% APR),      3.125% – 0 points (3.16% APR)

7/1 ARM:     3.125% – .55 points (3.25% APR),     3.375% – 0 points (3.4% APR)

30 year fixed FHA:     3.75% – .55 points (4.32% APR),     3.875% – 0 points (4.42% APR)

15 year fixed FHA:     3.25% – 0 points (3.6% APR)

30 year fixed VA:     3.75% – .30 points (3.1% APR),     3.875% – 0 points (3.9% APR)

Today's Interest Rates - May 12th, 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. May 12th 2014 30 year fixed rates, May 13th 2014 30 year fixed rates, May 14th 2014 30 year fixed rates, May 15th 2014 30 year fixed rates, May 16th 2014 30 year fixed rates, May 17th 2014 30 year fixed rates, May 18th  2014 30 year fixed rates.

RATES HIT LOWEST LEVELS ON THURSDAY – RECOMMEND LOCKING

LISTING BOOSTER – INCREASE YOUR LISTING’S EXPOSURE FOR FREE

LISTING BOOSTER – INCREASE YOUR REAL ESTATE LISTING’S EXPOSURE FOR FREE

banner

Listing Booster is a software system that is meant to help real estate agents better market their listings and capture leads in the process.

Listing Booster is a system that I pay for that is free to you. Below are the main features of Listing Booster:

The system automatically pulls your MLS listings and creates:

Specific property websites with your design/branding, virtual tour, and lead capture pages:

Prop specific

 

 

 

 

 

 

 

A Youtube video virtual tour for every property – that typically ranks high on Google and other search engines:

Youtube

 

 

 

 

 

Text message virtual tours with lead capture – send to prospects or use with a sign rider/flyer:

mobiletour

 

 

 

 

 

 

 

Automatically market all of your listings onto your Facebook fan page:

Facebook

 

 

 

 

 

The system also adds a virtual tour to Zillow and Trulia so prospective buyers can be directed to your property webpage:

zillow

trulia image

 

 

 

 

 

The best part about Listing Booster is it’s absolutely free and once you create your profile – the system is on autopilot and automatically markets any new listings you add to MLS.

free

 

 

 

 

 

 

Take a look at the promo video at http://www.listingbooster.com and call or email me and I can send you an invitation to sign up.
This is a free and easy way to better market your listings and capture leads in the process.

446040344_1280

 

Reggie Green
Crossline Capital Corporation
Mortgage Banking Division
4135 S. Power Road, Suite 125
Mesa, AZ 85212
NMLS# 229993
Direct Line: 480-206-5577
Fax: 480-302-5871
rgreen@crosslinecapital.com
http://www.mortgagenewsandrates.com

Real Estate Listing, Increasing Exposure for Real Estate Listing, Marketing Listing, Online Marketing of real estate listing, Virtual home tour, text message home tours, text message home tour sign riders, Social media marketing of real estate, zillow home marketing, trulia home marketing, craig’s list home marketing, Arizona real estate, Scottsdale Real Estate, Phoenix Real Estate, Tempe Real Estate, Chandler Real Estate, Gilbert Real Estate, Glendale Real Estate, Scottsdale Mortgage Banker, McCormick Ranch Mortgage Banker.

Listing Booster – Increase your real estate listing’s exposure for free

 

INTEREST RATES HIT 6 MONTH LOWS

INTEREST RATES HIT 6 MONTH LOWS

May 5th, 2014

Interest rates improved to their lowest levels in 6 months last week.

The Mortgage Backed Security market (MBS) remained hot, closing the week trading up + 47 basis points.

There were multiple events last week that would normally lead to higher interest rates, but the headlines in Ukraine are causing foreign investors to increase demand for US bonds, thus pushing down interest rates.

The FED tapered yet again on Wednesday, and most economic reports were very positive.

I expect some retractment in the bond market this week after 2 weeks of solid gains. I would recommend locking interest rates and taking advantage of the recent interest rate improvement.

For a free email mortgage quote, please go to the get a mortgage quote tab on the right or go to http://www.freemortgagequote.biz.

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

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.375% paying 0 points

20 Year Fixed at 4.125% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       4.25% – .36 points (4.32% APR),      4.375% – 0 points (4.4% APR)

20 year fixed:      3.875% – .95 points (4.07% APR),      4.125% – 0 points (4.17% APR)

15 year fixed:       3.375% – .56 points (3.485% APR),       3.5% – 0 points (3.54% APR)

10 year fixed:      3% – .69 points (3.14% APR),      3.25% – 0 points (3.28% APR)

5/1 ARM:       2.75% – .97 points (2.97% APR),       3.125% – 0 points (3.16% APR)

7/1 ARM:       3.125% – .89 points (3.31% APR),       3.375% – 0 points (3.41% APR)

30 year fixed FHA:       3.75% – .34 points (4.3% APR),       3.875% – 0 points (4.4% APR)

15 year fixed FHA:       3.25% – 0 points (3.6% APR)

30 year fixed VA:       3.75% – .17 points (3.8% APR),        3.875% – 0 points (3.9% APR)

Today's Interest Rates - May 6th, 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. May 5th 2014 30 year fixed rates, May 6th 2014 30 year fixed rates, May 7th 2014 30 year fixed rates, May 8th 2014 30 year fixed rates, May 9th 2014 30 year fixed rates, May 10th 2014 30 year fixed rates, May 11th 2014 30 year fixed rates.

Interest Rates Hit 6 Month Lows

%d bloggers like this: