Interest Rates Rise for 2nd Week in a Row

Interest Rates Rise for 2nd Week in a Row

February 16th, 2015

Interest rates moved slightly higher again last week with the Mortgage Backed Security (MBS) market trading down -32 bps for the week.

This marks the 2nd week in a row interest rates have risen, after hitting their lowest levels in almost 2 years near the end of January 2015.

30 year fixed rates are now available at 3.75% paying .35 points (3.82% APR), and 3.875% paying 0 points (3.91% APR). 15 year fixed rates are now available at 2.99% paying .59 points (3.10% APR), and 3.125% paying 0 points (3.21% APR).
**Quotes are based on 740+ credit, 75% LTV or lower, 250k loan amount. Pricing is constantly changing based on daily interest rate market activity.

There is still anxiety about the meeting between Greece and the ECB among investors. Most people I follow say the risk in floating is not worth the reward. I recommend locking at this time.

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 3.875% paying 0 points  (3.91% APR)

20 Year Fixed at 3.75% paying 0 points   (3.79% APR)

TODAY’S INTEREST RATES:

30 year fixed:       3.75% – .35 points (3.82% APR),       3.875% – 0 points (3.91% APR)

20 year fixed:       3.5% – .97 points (3.7% APR),        3.75% – 0 points (3.79% APR)

15 year fixed:       2.99% – .96 points (3.1% APR),       3.125% – 0 points (3.21% APR)

10 year fixed:      2.875% – .65 points (3.0% APR),       3.125% – 0 points (3.16% APR)

5/1 ARM:       2.875% – 1 point (3.075% APR),       3.25% – 0 points (3.29% APR)

7/1 ARM:       3.125% – .85 points (3.29% APR),       3.375% – 0 points (3.41% APR)

30 year fixed FHA:       3.375% – .65 points (4.20% APR),       3.5% – 0 points (4.2% APR)

15 year fixed FHA:       2.75% – .67 points (3.18% APR),        3% – 0 points (3.3% APR)

30 year fixed VA:       3.375% – .86 points (3.54% APR),        3.5% – 0 points (3.57% APR)

Today's Interest Rates -February 16th, 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 16th 2015 30 year fixed rates, February 17th 2015 30 year fixed rates, February 18th 2015 30 year fixed rates, February 19th 2015 30 year fixed rates, February 20th 2015 30 year fixed rates, February 21st 2015 30 year fixed rates, February 22nd 2015 30 year fixed rates.

Interest Rates Rise for 2nd Week in a Row

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