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

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