Rates Volatile Before Employment Report on Friday

Rates Volatile Before Employment Report on Friday

March 3rd, 2015

Interest rates improved last week with the Mortgage Backed Security market trading up + 69 bps. This week, the MBS market has erased most of the gains from last week – currently trading down – 57 bps on the week. Rates have been volatile on most days in the current rate market environment.

30 year fixed rates are now available at 3.75% paying .34 points (3.81% APR), and 3.875% paying 0 points (3.9% APR). 15 year fixed rates are now available at 2.99% paying .55 points (3.1% APR), and 3.125% paying 0 points (3.16% APR).

The big news this week will be the February employment report. Most analysts I watch are bearish about the interest rate market and warn that rates could go up quickly if job creation beats estimates on Friday. I would recommend locking before Friday to be safe.

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% – .34 points (3.81% APR),        3.875% – 0 points (3.9% APR)

20 year fixed:        3.625% – .3 points (3.68% APR),         3.75% – 0 points (3.79% APR)

15 year fixed:        2.99% – .55 points (3.1% APR),        3.125% – 0 points (3.17% APR)

10 year fixed:       2.875% – .51 point (2.97% APR),         3% – 0 points (3.05% APR)

5/1 ARM:        2.875% – 1 point (3.075% APR),         3.25% – 0 points (3.28% APR)

7/1 ARM:        3.125% – .98 points (3.29% APR),          3.5% – 0 points (3.4% APR)

30 year fixed FHA:        3.25% – 1 point (4.15% APR),         3.5% – 0 points (4.21% APR)

15 year fixed FHA:        2.75% – .65 points (3.18% APR),         3.0% – 0 points (3.3% APR)

30 year fixed VA:        3.375% – .67 points (3.50% APR),         3.625% – 0 points (3.67% APR)

Today's Interest Rates -March 3rd, 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. March 3rd 2015 30 year fixed rates, March 4th 2015 30 year fixed rates, March 5th 2015 30 year fixed rates, March 6th 2015 30 year fixed rates, March 7th 2015 30 year fixed rates, March 8th 2015 30 year fixed rates, March 9th 2015 30 year fixed rates.

Rates Volatile Before Employment Report on Friday

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