Rates Gain Momentum in Last Days of 2014

Rates Gain Momentum in Last Days of 2014

December 30th, 2014

It’s been a rocky couple weeks for interest rates.

2 weeks ago – the Mortgage Backed Security (MBS) market closed down – 18 bps for the week. Last week, the MBS market closed down – 24 bps for the week.
So interest rates have pushed higher over the past 2 weeks. Luckily they have gained momentum over the past 3 days with the MBS market closing +18 bps on Friday, +19 bps on Monday, and on Tuesday currently trading up + 15 bps.

30 Year Fixed rates are now at 3.75% with .625 points, and 3.875% with 0 points. 15 year fixed rates are at 3% with .875 points, or 3.25% with 0 points.
So rates are still very good – but not at the lowest levels we have seen earlier in December. It’s still a great time to lock in as most experts predict rates to rise some in 2015.

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 Happy New Years!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.875% paying 0 points

7/1 ARM at 3.375% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      3.75% – .625 points (3.875% APR),      3.875% – 0 points (3.9% APR)

20 year fixed:      3.625% – .25 points (3.67% APR),      3.75% – 0 points (3.79% APR)

15 year fixed:      3.0% – .875 points (3.175% APR),       3.25% – 0 points (3.29% APR)

10 year fixed:      2.75% – 1 point (2.95% APR),      3.0% – 0 points (3.05% APR)

5/1 ARM:       3.0% – .75 points (3.15% APR),       3.25% – 0 points (3.29% APR)

7/1 ARM:       3.125% – 1 point (3.32% APR),       3.375% – 0 points (3.4% APR)

30 year fixed FHA:       3.375% – .625 points (4.5% APR),        3.5% – 0 points (4.52% APR)

15 year fixed FHA:       2.875% – .75 points (3.32% APR),        3% – 0 points (3.35% APR)

30 year fixed VA:       3.375% – .875 points (3.55% APR),        3.625% – 0 points (3.66% APR)

Today's Interest Rates -December 30th, 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. December 30th 2014 30 year fixed rates, December 31st 2014 30 year fixed rates, January 1st 2014 30 year fixed rates, January 2nd 2014 30 year fixed rates, January 3rd 2014 30 year fixed rates, January 4th 2014 30 year fixed rates, January 5th 2014 30 year fixed rates

Rates Gain Momentum in Last Days of 2014

Advertisements

Mortgage Rates Improve – Remain at/near lowest levels of 2014

Mortgage Rates Improve – Remain at/near lowest levels of 2014

December 15th, 2014

Interest improved last week with the Mortgage Backed Security (MBS) trading up + 95 bps – pushing rates to their lowest levels of 2014 again. Interest rates had some pull back on Monday with the MBS market trading down – 27 bps.

Overall – 30 year fixed rates are still great with a well qualified customer able to get a 3.5% with .5 points today. 3.875% at 0 points. 15 year fixed rates are running at 3% with .75 points, and 3.25% with 0 points. Lastly, 5/1 ARMs are running at 2.875% with .75 points, and 3.125% with 0 points.

This week we don’t have a ton going on in the markets outside of the FOMC meeting/press conference on Wednesday. The FED is expected to comment on the federal funds rate and how long it will keep it low.

With rates being so good right now – I would suggest locking in before Wednesday as there could be some volatility and I don’t see much hope in rates going lower than their current levels.

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 3.875% paying 0 points

20 Year Fixed at 3.625% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.75% – .5 points (3.85% APR),       3.875% – 0 points (3.9% APR)

20 year fixed:      3.5% – 1 point (3.7% APR),       3.625% – 0 points (3.67% APR)

15 year fixed:       3.0% – .75 points (3.15% APR),       3.25% – 0 points (3.29% APR)

10 year fixed:       2.75% – .75 points (2.9% APR),        3.0% – 0 points (3.05% APR)

5/1 ARM:       2.875% – .75 points (3.025% APR),        3.125% – 0 points (3.15% APR)

7/1 ARM:       3.0% – 1 point (3.2% APR),        3.375% – 0 points (3.39% APR)

30 year fixed FHA:        3.25% – 1 point (4.45% APR),          3.5% – 0 points (4.5% APR)

15 year fixed FHA:       2.875% – .625 points (3.3% APR),         3% – 0 points (3.32% APR)

30 year fixed VA:       3.375% – .625 points (3.5% APR),        3.5% – 0 points (3.55% APR)

Today's Interest Rates -December 15th, 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. December 15th 2014 30 year fixed rates, December 16th 2014 30 year fixed rates, December 17th 2014 30 year fixed rates, December 18th 2014 30 year fixed rates, December 19th 2014 30 year fixed rates, December 20th 2014 30 year fixed rates, December 21st 2014 30 year fixed rates.

Mortgage Rates Improve – Remain at/near lowest levels of 2014

Today’s Rates – 30 Year Fixed at 3.75%

Today’s Rates – 30 Year Fixed at 3.75%

December 8th, 2014

Interest rates are improving today – as of 12 pm Pacific – the Mortgage Backed Security (MBS) market is trading up + 35 bps.

This is welcome news after interest rates went higher 4 of 5 days last week. The MBS market closed down – 67 bps last week. The week was capped by a stronger than expected November employment report where non-farm payroll job creation rose 321,000 compared to estimates of 230,000.

Most US economic reports have been positive recently – but rates have held up remarkably well due to economic weakness in other parts of the world. Although the FED’s Quantitative Easing program is coming to an end, many expect the European Central Bank (ECB) to initiate an asset purchase program which would be beneficial for interest rates.

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 3.375% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      3.75% – 1 point (3.95% APR),       4% – 0 points (4.04% APR)

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

15 year fixed:       3.125% – .5 points (3.175% APR),        3.375% – 0 points (3.4% APR)

10 year fixed:        2.875% – .75 points (3.03% APR),         3.125% – 0 points (3.17% APR)

5/1 ARM:        2.875% – 1 point (3.175% 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% – 1 point (3.375% APR),         3.125% – 0 points (3.425% APR)

30 year fixed VA:       3.5% – .5 points (3.6% APR),         3.625% – 0 points (3.67% APR)

Today's Interest Rates -December 8th, 2014

 

Today’s Rates  – 30 Year Fixed at 3.75%

%d bloggers like this: