Rates Improve Again , Employment Report this Friday

Rates Improve Again , Employment Report this Friday

February 2nd, 2015

Interest rates improved by about .375 bps in costs at each rate last week. The Mortgage Backed Security market closed the week trading up + 70 bps, highlighted by Friday’s rate improvement of +46 bps.

Interest rates are currently at their lowest levels since May of 2013.

30 year fixed rates are now available at 3.5% paying .63 points (3.626% APR), and 3.625% paying 0 points (3.7% APR). 15 year fixed rates are now available at 2.75% paying 1 point (2.95% APR), and 2.99% paying 0 points (3.129% APR).

The January employment report is released this Friday. This report usually has the largest effect on interest rate pricing and typically points the direction where rates will go for the next month.

If you don’t want to deal with uncertainty – I would lock in before Friday.

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 3.625% paying 0 points

20 Year Fixed at 3.5% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      3.5% – .63 points (3.626% APR),        3.625% – 0 points (3.7% APR)

20 year fixed:       3.375% – .75 points (3.525% APR),         3.5% – 0 points (3.55% APR)

15 year fixed:         2.75% – 1 point (2.95% APR),         2.99% – 0 points (3.04% APR)

10 year fixed:         2.625% – 1 point (2.82% APR),          2.875% – 0 points (2.9% APR)

5/1 ARM:         2.625% – .95 points (2.815% APR),         3.0% – 0 points (3.04% APR)

7/1 ARM:         2.875% – .83 points (3.04% APR),          3.125% – 0 points (3.16% APR)

30 year fixed FHA:         3.25% – 0 points (3.95% APR)

15 year fixed FHA:          2.75% – 0 points (3.05% APR)

30 year fixed VA:        3.25% – .34 points (3.31% APR),          3.375% – 0 points (3.4% APR)

Today's Interest Rates -February 2nd, 2015

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. February 2nd 2015 30 year fixed rates, February 3rd 2015 30 year fixed rates, February 4th 2015 30 year fixed rates, February 5th 2015 30 year fixed rates, February 6th 2015 30 year fixed rates, February 7th 2015 30 year fixed rates, February 8th 2015 30 year fixed rates.

Rates Improve Again , Employment Report this Friday

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