RATES MOVE SIDEWAYS / VOLATILITY AHEAD
August 10th, 2014
Mortgage rates moved sideways last week even though the MBS market closed the week trading up + 22 bps. Markets hit their highs on Thursday with geopolitical concerns causing investors to seek safety in treasuries and bonds.
On Friday – after trading higher for much of the day – Mortgage Backed Securities closed sharply lower after Russia ended military drills on the Ukraine border and speculation that the conflict in this region was deescalating.
Mortgage interest rates are artificially lower than they should be due to military conflicts around the world.
A lot of people I follow see mortgage rates entering into a volatile week with the possibility that mortgage rates could move higher. They have been holding at this low level for some time when most experts predicted mortgage rates to move significantly higher in 2014. My recommendation is to lock.
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Below are today’s interest rates. Have a great week!!
BEST VALUE OF THE WEEK:
30 Year Fixed at 4.25% paying 0 points
15 Year Fixed at 3.5% paying 0 points
TODAY’S INTEREST RATES:
30 year fixed: 4.125% – .55 points (4.235% APR), 4.25% – 0 points (4.3% APR)
20 year fixed: 3.75% – .99 points (3.95% APR), 4.125% – 0 points (4.17% APR)
15 year fixed: 3.25% – .91 points (3.43% APR), 3.5% – 0 points (3.53% APR)
10 year fixed: 3.0% – .73 points (3.14% APR), 3.25% – 0 points (3.29% APR)
5/1 ARM: 2.75% – .85 points (2.92% APR), 3% – 0 points (3.05% APR)
7/1 ARM: 3.125% – .71 points (3.25% APR), 3.375% – 0 points (3.4% APR)
30 year fixed FHA: 3.5% – .51 points (4.6% APR), 3.625% – 0 points (4.65% APR)
15 year fixed FHA: 3.25% – 0 points (3.55% APR)
30 year fixed VA: 3.5% – .88 points (3.7% APR), 3.75% – 0 points (3.8% 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. August 11th 2014 30 year fixed rates, August 12th 2014 30 year fixed rates, August 13th 2014 30 year fixed rates, August 14th 2014 30 year fixed rates, August 15th 2014 30 year fixed rates, August 16th 2014 30 year fixed rates, August 17th 2014 30 year fixed rates.
RATES MOVE SIDEWAYS / VOLATILITY AHEAD
