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.
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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 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
