Interest Rates Improve to 1 Month Lows!

Interest Rates Improve to 1 Month Lows!

November 25th, 2014

Interest rates slowly but steadily improved last week. The Mortgage Backed Security (MBS) market finished trading up + 27 bps, pushing interest rate pricing to the lowest levels in a month.

A 30 year fixed conventional loan can now be locked at 3.875% with less than a point, and a 15 year fixed conventional rate at 3% with less than a point. 5/1 and 7/1 ARMs are still in the same area they have been for some time – with rates available at 2.875% and 3.125% paying less than a point.

Much of the focus of the markets is on the European Central Bank (ECB). There is much speculation that the ECB will increase their asset purchasing (quantitative easing) at their next meeting on December 4th. Interest rates are improving in anticipation of this.

The Tuesday and Wednesday before Thanksgiving can be very volatile with fewer traders and people getting ready to leave for the Holidays. Now is still a great time to lock in with rates being at their lowest level in a month.

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 and Happy Thanksgiving!!

BEST VALUE OF THE WEEK:

20 Year Fixed at 3.75% paying 0 points

15 Year Fixed at 3.25% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:     3.875% – .625 points (4.0% APR),       4% – 0 points (4.04% APR)

20 year fixed:      3.625% – .75 points (3.775% APR),       3.75% – 0 points (3.79% APR)

15 year fixed:       3% – .875 points (3.175% APR),        3.25% – 0 points (3.29% APR)

10 year fixed:       2.75% – .875 points (2.925% APR),        3.125% – 0 points (3.17% APR)

5/1 ARM:       2.875% – .875 points (3.05% APR),        3.25% – 0 points (3.28% APR)

7/1 ARM:       3.125% – .875 points (3.3% 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% – .75 points (3.325% APR),        3.125% – 0 points (3.425% APR)

30 year fixed VA:        3.5% – .375 points (3.57% APR),         3.625% – 0 points (3.67% APR)

Today's Interest Rates - November 25th, 2014

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, HARP 3.0 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. November 25th 2014 30 year fixed rates, November 26th 2014 30 year fixed rates, November 27th 2014 30 year fixed rates, November 28th 2014 30 year fixed rates, November 29th 2014 30 year fixed rates, November 30th 2014 30 year fixed rates, December 1st 2014 30 year fixed rates.

Interest Rates Improve to 1 Month Lows!

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