INTEREST RATES HIT 1 MONTH LOWS / EXPECT VOLATILITY WEDNESDAY AND THURSDAY
July 1st, 2014
Interest rates improved last week after Monday with the Mortgage Backed Security (MBS) market closing up + 38 basis points.
We are still trading in a narrow range where the market usually doesn’t go above or below it’s moving average. When the bond market does pass a certain range – that is when you can see a lot of movement in interest rates. Until then, the rate range is somewhat secure with rates staying within a .125% window.
The end of this week will likely be very volatile with a smaller amount of traders due to early vacations. On Wednesday the ADP Private Payroll will be released, and on Thursday – the most important statistic in the US economy – the Non Farm Payroll report will be released. These reports usually create a lot of market movement anyways. When you add in a small amount of traders – the market could move quickly in a very short period of time.
I would recommend locking before Thursday to be safe.
For a free email mortgage quote, please visit the tab on the right or go to http://www.freemortgagequote.biz.
Below are today’s interest rates – have a wonderful week and a fantastic Independence Day!!
BEST VALUE OF THE WEEK:
30 Year Fixed at 4.25% paying 0 points
7/1 ARM at 3.375% paying 0 points
TODAY’S INTEREST RATES:
30 year fixed: 4.125% – .43 points (4.215% APR), 4.25% – 0 points (4.28% APR)
20 year fixed: 3.875% – .97 points (4.07% APR), 4.125% – 0 points (4.15% APR)
15 year fixed: 3.125% – 1 point (3.32% APR), 3.375% – 0 points (3.41% APR)
10 year fixed: 3% – .9 points (3.18% APR), 3.25% – 0 points (3.28% APR)
5/1 ARM: 2.75% – 1 point (2.97% APR), 3.125% – 0 points (3.129% APR)
7/1 ARM: 3.125% – .95 points (3.32% APR), 3.375% – 0 points (3.52% APR)
30 year fixed FHA: 3.75% – 0 points (4.75% APR),
15 year fixed FHA: 3.25% – 0 points (3.59% APR)
30 year fixed VA: 3.75% – 0 points (3.82% 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. July 1st 2014 30 year fixed rates, July 2nd 2014 30 year fixed rates, July 3rd 2014 30 year fixed rates, July 4th 2014 30 year fixed rates, July 5th 2014 30 year fixed rates, July 6th 2014 30 year fixed rates, July 7th 2014 30 year fixed rates.
INTEREST RATES HIT 1 MONTH LOWS / EXPECT VOLATILITY WEDNESDAY AND THURSDAY
