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.
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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)
Rates Hold Steady
