RATES HOLD STEADY

RATES HOLD STEADY

November 18th, 2014

Interest rates have been very steady for the past week with the Mortgage Backed Security (MBS) market closing last week even and slightly higher on Monday.

This continues the trend of mortgage rates moving sideways/slightly lower for most of November 2014.

Although this isn’t great news for rate watchers, it beats the end of October where rates were steadily moving higher.

I expect interest rates to remain stable for the rest of the week.

For a free email mortgage quote, please answer questions on the right or go to http://www.freemortgagequote.biz

Below are today’s interest rates. Have a great week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 4% paying 0 points

15 Year Fixed at 3.25% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:     3.875% – .75 points (4.025% APR),       4% – 0 points (4.05% APR)

20 year fixed:       3.625% – 1 point (3.825% APR),        3.875% – 0 points (3.9% APR)

15 year fixed:       3% – 1 point (3.2% APR),       3.25% – 0 points (3.29% APR)

10 year fixed:        2.75% – 1 point (2.975% APR),         3% – 0 points (3.04% APR)

5/1 ARM:        2.875% – .75 points (3.025% APR),         3.125% – 0 points (3.128% APR)

7/1 ARM:        3.125% – .75 points (3.27% APR),         3.375% – 0 points (3.39% APR)

30 year fixed FHA:        3.375% – .875 points (4.55% APR),          3.625% – 0 points (4.625% APR)

15 year fixed FHA:        2.875% – .875 points (3.35% APR),         3.125% – 0 points (3.425% APR)

30 year fixed VA:        3.5% – .5 points (3.6% APR),        3.625% – 0 points (3.69% APR)
Today's Interest Rates - November 17th, 2014

Rates Hold Steady

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