Rates Rise with January Employment Report
February 11th, 2015
Interest rates have moved up about .125% in the past week – largely due to a mortgage backed security sell off on Friday after the January employment report was released.
The strong job creation numbers had investors move their money from bonds into stocks and interest rate pricing suffered as a consequence.
30 year fixed rates are now available at 3.625% paying .9 points (3.80% APR), and 3.875% paying 0 points (3.9% APR). 15 year fixed rates are now available at 2.875% paying .96 points (3.07% APR), and 3.125% paying 0 points (3.2% APR). (for well qualified borrowers – 740+ credit score, 75% LTV or less)
Overall – concern over Greece and the employment numbers are weighing on interest rates and most experts I follow recommend locking over floating.
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:
20 Year Fixed at 3.625% paying 0 points
15 Year Fixed at 3.125% paying 0 points
TODAY’S INTEREST RATES:
30 year fixed: 3.625% – .9 points (3.8% APR), 3.875% – 0 points (3.9% APR)
20 year fixed: 3.5% – .69 points (3.63% APR), 3.625% – 0 points (3.64% APR)
15 year fixed: 2.875% – .96 points (3.07% APR), 3.125% – 0 points (3.13% APR)
10 year fixed: 2.75% – 1 point (2.95% APR), 3.0% – 0 points (3.05% APR)
5/1 ARM: 2.875% – .91 points (3.06% APR), 3.25% – 0 points (3.28% APR)
7/1 ARM: 3.125% – .72 points (3.26% APR), 3.375% – 0 points (3.4% APR)
30 year fixed FHA: 3.25% – 1 point (4.15% APR), 3.5% – 0 points (4.2% APR)
15 year fixed FHA: 2.75% – .45 points (3.14% APR), 2.875% – 0 points (3.175% APR)
30 year fixed VA: 3.375% – .64 points (3.5% APR), 3.5% – 0 points (3.55% 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. February 11th 2015 30 year fixed rates, February 12th 2015 30 year fixed rates, February 13th 2015 30 year fixed rates, February 14th 2015 30 year fixed rates, February 15th 2015 30 year fixed rates, February 16th 2015 30 year fixed rates, February 17th 2015 30 year fixed rates.
Rates Rise with January Employment Report
