Rates Move Higher with February’s Employment Report

Rates Move Higher with February’s Employment Report

March 9th, 2015

Interest rates climbed rapidly on Friday with job creation numbers that beat their projections. On Friday alone, the Mortgage Backed Security (MBS) market traded down -77 bps and closed the week down -130 bps. Luckily, there was some improvement Monday with the MBS market closing up + 30 bps.

30 year fixed rates are now available at 3.875% paying .58 points (3.99% APR), and 3.99% paying 0 points (4.03% APR). 15 year fixed rates are now available at 3.125% paying .47 points (3.21% APR), and 3.25% paying 0 points (3.29% APR).

In the grand scheme of things – rates are still very good even though they went up about .125% last week.

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 3.99% paying 0 points

15 Year Fixed at 3.25% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      3.875% – .58 points (3.99% APR),       3.99% – 0 points (4.03% APR)

20 year fixed:       3.625% – 1 point (3.825% APR),      3.875% – 0 points (3.9% APR)

15 year fixed:       3.125% – .47 points (3.21% APR),      3.25% – 0 points (3.29% APR)

10 year fixed:      2.875% – 1 point (3.075% APR),      3.125% – 0 points (3.15% APR)

5/1 ARM:      3.0% – .83 points (3.166% APR),      3.375% – 0 points (3.39% APR)

7/1 ARM:       3.125% – 1 point (3.32% APR),      3.5% – 0 points (3.54% APR)

30 year fixed FHA:      3.375% – .95 points (4.26% APR),      3.625% – 0 points (4.32% APR)

15 year fixed FHA:      2.875% – .70 points (3.31% APR),      3.125% – 0 points (3.42% APR)

30 year fixed VA:      3.5% – .66 points (3.63% APR),      3.75% – 0 points (3.79% APR)

Today's Interest Rates - March 9th, 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 9th 2015 30 year fixed rates, March 10th 2015 30 year fixed rates, March 11th 2015 30 year fixed rates, March 12th 2015 30 year fixed rates, March 13th 2015 30 year fixed rates, March 14th 2015 30 year fixed rates, March 15th 2015 30 year fixed rates.

Rates Move Higher with February’s Employment Report

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