RATES MOVE SLIGHTLY HIGHER / 30 YEAR FIXED STILL AT 4.125%

RATES MOVE SLIGHTLY HIGHER   /    30 YEAR FIXED STILL AT 4.125%

June 16th, 2014

Interest rates moved higher over the past 2 weeks with the MBS market closing -55 bps the week before last, and -13 bps last week.
The rate market has gained some ground over the past 4 days though, pulling 30 year fixed rates back into 4.125% territory after being at 4.25% for the majority of the past 2 weeks.

Interest rates are still benefiting from the continued concern of military action across the globe – especially with Iraq heating up.

This week the FED meets with a statement on Wednesday. The market expects the FED to lower their bond purchasing by another 10 billion. This is par for the course due to their last few meetings and is priced into the market already. The FED will also release their quarterly forecast for inflation and GDP.

Overall, interest rates are staying relatively stable and I don’t see any major changes to interest rate pricing this week.

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:

20 Year Fixed at 4.125% paying 0 points

5/1 ARM at 3.25% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      4.125% – 1 point (4.325% APR),      4.375% – 0 points (4.39% APR)

20 year fixed:      4% – .7 points (4.14% APR),       4.125% – 0 points (4.16% APR)

15 year fixed:      3.375% – .52 points (3.48% APR),       3.5% – 0 points (3.55% APR)

10 year fixed:       3% – 1 point (3.2% APR),       3.375% – 0 points (3.4% APR)

5/1 ARM:       2.875% – .93 points (3.06% APR),        3.25% – 0 points (3.3% APR)

7/1 ARM:       3.25% – .96 points (3.45% APR),       3.625% – 0 points (3.67% APR)

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

15 year fixed FHA:       3.125% – 1 point (3.625% APR),       3.25% – 0 points (3.58% APR)

30 year fixed VA:             3.75% – .25 points (3.81% APR), 3.875% – 0 points (3.92% APR)

Today's Interest Rates - June 16th, 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. June 16th 2014 30 year fixed rates, June 17th 2014 30 year fixed rates, June 18th 2014 30 year fixed rates, June 19th 2014 30 year fixed rates, June 20th 2014 30 year fixed rates, June 21st 2014 30 year fixed rates, June 22nd 30 year fixed rates.

RATES MOVE SLIGHTLY HIGHER   /    30 YEAR FIXED STILL AT 4.125%

 

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