INTEREST RATES IMPROVE BY .3 BASIS POINTS IN PRICING

INTEREST RATES IMPROVE BY .3 BASIS POINTS IN PRICING

June 24th, 2014

Last week and this week has been rather hectic with mortgage rate pricing.

Last week the Mortgage Backed Security market closed up + 41 bps marked by big movement days on Tuesday, Wednesday and Friday. This week the market closed down – 25 bps on Monday, but is trading up + 18 bps on Tuesday.

The end result from my last week’s update is that interest rate pricing has improved by about .3 pts in costs at any given rate as a result. So the rates are the same, but the costs to get each rate is lower.

Last week the Fed released their policy statement regarding inflation and lowered their stimulus another 10 billion. On Friday, the May employment report was released which came very close to forecasts with job creation going down to 218,000.

Overall we are in a pretty good place with interest rates right now. Rates are lower today than they were in June of 2013. Pricing is being supported by unrest in the world – most recently with the Iraq conflict.

For a free email mortgage quote, please email answer questions on right tab of this page 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

20 Year Fixed at 4.125% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .75 points (4.275% APR),       4.25% – 0 points (4.29% APR)

20 year fixed:       4% – .48 points (4.09% APR),        4.125% – 0 points (4.16% APR)

15 year fixed:        3.25% – .88 points (3.44% APR),         3.5% – 0 points (3.52% APR)

10 year fixed:         3% – .99 points (3.2% APR),         3.25% – 0 points (3.28% APR)

5/1 ARM:        2.875% – .92 points (3.03% APR),         3.125% – 0 points (3.129% APR)

7/1 ARM:        3.25% – .76 points (3.4% APR),          3.5% – 0 points (3.52% APR)

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

15 year fixed FHA:        3.25% – 0 points (3.57% APR)

30 year fixed VA:        3.75% – .47 points (3.87% APR),         3.875% – 0 points (3.92% APR)

Today's Interest Rates - June 24th, 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 23rd 2014 30 year fixed rates, June 24th 2014 30 year fixed rates, June 25th 2014 30 year fixed rates, June 26th 2014 30 year fixed rates, June 27th 2014 30 year fixed rates, June 28th 2014 30 year fixed rates, June 30th 2014 30 year fixed rates.

INTEREST RATES IMPROVE BY .3 BASIS POINTS

Advertisements
%d bloggers like this: