MORTGAGE RATES MOVE HIGHER – JULY INTEREST RATE SPECIAL
July 7th, 2014
I hope everyone had a happy and safe 4th of July Holiday weekend.
Interest rates went up last week with signals that we could have a higher than anticipated jobs report on Thursday. The June employment report confirmed this thinking with Non Farm job creation coming in at 288,000 over an estimated 212,000.
Luckily, the markets had already moved higher before Thursday – thus when the actual report was released we didn’t see a ton of movement higher as it was already reflected in the market.
On the week – the Mortgage Backed Security market (MBS) closed down – 65 basis points pushing rates higher than the previous week.
In an effort to have a great July volume month – my company is offering a July interest rate special. Below are the discounts that are reflected in my rate pricing today. This special has limited the movement up of our rate sheet and in some cases improved rate pricing even though the market is moving higher.
IN THE INTEREST OF HAVING A HUGE JULY, MANAGEMENT JUST LOWERED OUR RATES:
1. Conventional (50 bps)
2. High Balance Conforming (37.5bps)
3. FHA/FHA High Balance and VA/VA High Balance rates reduced by (100 bps)
4. Jumbo (25bps)
Please contact me if you would like to take advantage of the July interest rate special as it can end at any time.
Have a great week!!
For a free email mortgage quote, please go to the mortgage quote 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
10 Year Fixed at 3.25% paying 0 points
TODAY’S INTEREST RATES:
30 year fixed: 4.125% – .77 points (4.275% APR), 4.25% – 0 points (4.29% APR)
20 year fixed: 4% – .54 points (4.11% APR), 4.125% – 0 points (4.16% APR)
15 year fixed: 3.25% – .79 points (3.41% APR), 3.375% – 0 points (3.41% APR)
10 year fixed: 3% – .95 points (3.19% APR), 3.25% – 0 points (3.29% APR)
5/1 ARM: 2.875% – .93 points (3.07% APR), 3.125% – 0 points (3.13% APR)
7/1 ARM: 3.25% – .85 points (3.42% APR), 3.5% – 0 points (3.54% 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 7th 2014 30 year fixed rates, July 8th 2014 30 year fixed rates, July 9th 2014 30 year fixed rates, July 10th 2014 30 year fixed rates, July 11th 2014 30 year fixed rates, July 12th 2014 30 year fixed rates, July 13rd 2014 30 year fixed rates.
MORTGAGE RATES MOVE HIGHER – JULY INTEREST RATE SPECIAL
