RATES MOVE SLIGHTLY HIGHER AGAIN ; FED CHIEF TESTIFYING THIS WEEK

Rates move slightly higher again ; FED Chief testifying this week

February 23rd, 2015

Interest rates moved slightly higher last week for the 3rd week in a row. The Mortgage Backed Security Market (MBS) closed down – 40 bps for the week, but we have seen some improvement on Monday with the MBS market trading up + 17 bps.

30 year fixed rates are now available at 3.75% paying .5 points (3.875% APR), and 3.875% paying 0 points (3.9% APR). 15 year fixed rates are now available at 2.99% paying .68 points (3.126% APR), and 3.125% paying 0 points (3.2% APR).

This week – most investors continue to watch Europe closely and the situation between the EU and Greece. Greece already failed to make their 1st commitment in their bailout extension on Monday.

In domestic news – The FED Chief Janet Yellen will testify before Congress on Tuesday and Wednesday. This testimony has been known to move interest rates.

I’m still in a lock now recommendation. I don’t think the risk is worth the reward to float.

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

15 Year Fixed at 3.125% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.75% – .5 points (3.85% APR),        3.875% – 0 points (3.9% APR)

20 year fixed:       3.625% – .34 points (3.69% APR),        3.75% – 0 points (3.79% APR)

15 year fixed:       2.99% – .68 points (3.126% APR),       3.125% – 0 points (3.2% APR)

10 year fixed:       2.875% – .76 point (3.02% APR),        3.125% – 0 points (3.17% APR)

5/1 ARM:        2.875% – .98 points (3.07% APR),        3.25% – 0 points (3.28% APR)

7/1 ARM:       3.125% – .83 points (3.29% APR),        3.375% – 0 points (3.4% APR)

30 year fixed FHA:        3.375% – .66 points (4.2% APR),        3.5% – 0 points (4.21% APR)

15 year fixed FHA:       2.75% – .73 points (3.19% APR),        3.0% – 0 points (3.3% APR)

30 year fixed VA:       3.375% – .91 points (3.55% APR),        3.625% – 0 points (3.67% APR)

Today's Interest Rates -February 23rd, 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 23rd 2015 30 year fixed rates, February 24th 2015 30 year fixed rates, February 25th 2015 30 year fixed rates, February 26th 2015 30 year fixed rates, February 27th 2015 30 year fixed rates, February 28th 2015 30 year fixed rates, March 1st 2015 30 year fixed rates.

RATES MOVE SLIGHTLY HIGHER AGAIN ; FED CHIEF TESTIFYING THIS WEEK

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