Rates Improve for 7 Straight Days
January 5th, 2015
Interest rates are on quite the hot streak lately – improving 7 days straight.
The Mortgage Backed Security (MBS) market is currently trading up + 123 bps over that period time – pushing rates to their lowest levels in a long time.
With rates going one way for a long period of time – there is bound to be a correction soon – so I would recommend locking soon.
30 Year Fixed rates are now at 3.625% with .875 points, and 3.75% with 0 points. 15 year fixed rates are at 3% with .375 points, or 3.125% with 0 points.
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Below are today’s interest rates. Have a great week!!
BEST VALUE OF THE WEEK:
30 Year Fixed at 3.75% paying 0 points
20 Year Fixed at 3.625% paying 0 points
TODAY’S INTEREST RATES:
30 year fixed: 3.625% – .875 points (3.8% APR), 3.75% – 0 points (3.81% APR)
20 year fixed: 3.5% – .25 points (3.55% APR), 3.625% – 0 points (3.66% APR)
15 year fixed: 3.0% – .375 points (3.07% APR), 3.125% – 0 points (3.15% APR)
10 year fixed: 2.625% – 1 point (2.825% APR), 3.0% – 0 points (3.05% APR)
5/1 ARM: 2.875% – 1 point (3.075% APR), 3.25% – 0 points (3.29% APR)
7/1 ARM: 3.125% – .75 points (3.27% APR), 3.375% – 0 points (3.4% APR)
30 year fixed FHA: 3.25% – .5 points (4.35% APR), 3.375% – 0 points (4.375% APR)
15 year fixed FHA: 2.75% – .75 points (3.3% APR), 3% – 0 points (3.35% APR)
30 year fixed VA: 3.25% – .75 points (3.4% APR), 3.5% – 0 points (3.53% APR)
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. January 5th 2014 30 year fixed rates, January 6th 2014 30 year fixed rates, January 7th 2014 30 year fixed rates, January 8th 2014 30 year fixed rates, January 9th 2014 30 year fixed rates, January 10th 2014 30 year fixed rates, January 11th 2014 30 year fixed rates.
Rates Improve for 7 Straight Days
