INCREASED VOLATILITY IN INTEREST RATES , BIG ANNOUNCEMENT ON 1/22

Increased Volatility in Interest Rates , Big announcement on 1/22

January 21st, 2015

Interest rates have been very volatile with a flood of financial news hitting the markets.

The Mortgage Backed Security Market (MBS that has a large effect on interest rates) closed last week + 24 bps – but was marked by large swings especially on Friday – closing down -92 bps. So far this week the MBS market is trading down – 10 bps.

Overall, interest rates are slightly higher than last week. 30 year fixed rates are now available at 3.625% with a portion of a point, and 3.75% with 0 points. 15 year fixed rates are now available at 2.875% paying a portion of a point, and 3.125% paying 0 points.

The big news comes tomorrow with an expected European Central Bank (ECB) announcement of a market stimulus. If the amount of the stimulus is higher than what is expected, we could see a rise in rates.

With all this volatility, I feel the safest thing is to lock unless you want large pricing changes to your potential loan scenario on a daily basis.

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 3.75% paying 0 points

7/1 ARM at 3.25% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.625% – .375 points (3.7% APR),       3.75% – 0 points (3.78% APR)

20 year fixed:       3.5% – .125 points (3.525% APR),       3.625% – 0 points (3.64% APR)

15 year fixed:       2.875% – .75 points (3.025% APR),       3.25% – 0 points (3.29% APR)

10 year fixed:      2.625% – 1 point (2.825% APR),        3.0% – 0 points (3.05% APR)

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

7/1 ARM:       3.0% – .75 points (3.15% APR),        3.25% – 0 points (3.29% APR)

30 year fixed FHA:       3.25% – .625 points (3.975% APR),        3.375% – 0 points (3.975% APR)

15 year fixed FHA:       2.75% – .375 points (3.075% APR),          2.875% – 0 points (3.1% APR)

30 year fixed VA:        3.25% – .875 points (3.42% APR),         3.5% – 0 points (3.55% APR)

Today's Interest Rates - July 21st, 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. January 21st 2015 30 year fixed rates, January 22nd 2015 30 year fixed rates, January 23rd 2015 30 year fixed rates, January 24th 2015 30 year fixed rates, January 25th 2015 30 year fixed rates, January 26th 2015 30 year fixed rates, January 27th 2015 30 year fixed rates.

INCREASED VOLATILITY IN INTEREST RATES , BIG ANNOUNCEMENT ON 1/22

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