Rates Improve to 6 Week Lows!
March 24th, 2015
Interest rates continued to improve last week and so far this week. Interest rates have improved 11 of the past 12 days and are currently at 6 week lows. The Mortgage Backed Security market closed up +96 bps last week and is trading up +43 bps this week.
30 year fixed rates are now available at 3.625% paying .58 points (3.74% APR), and 3.75% paying 0 points (3.79% APR). 15 year fixed rates are now available at 2.875% paying .95 points (3.065% APR), and 3.125% paying 0 points (3.13% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**
Most of this improvement was sparked by the FED deciding not to raise the federal funds rate at this time. Right now rates are great, but we always run the risk of rates pushing back up after going one direction for an extended period of time.
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Below are today’s interest rates. Have a great week!!
BEST VALUE OF THE WEEK:
30 Year Fixed at 3.75% paying 0 points
20 Year Fixed at 3.625% paying 0 points
TODAY’S INTEREST RATES:
30 year fixed: 3.625% – .58 points (3.74% APR), 3.75% – 0 points (3.79% APR)
20 year fixed: 3.375% – 1 point (3.57% APR), 3.625% – 0 points (3.66% APR)
15 year fixed: 2.875% – .95 points (3.06% APR), 3.125% – 0 points (3.13% APR)
10 year fixed: 2.75% – .6 points (2.87% APR), 2.875% – 0 points (2.9% APR)
5/1 ARM: 2.75% – .84 points (2.91% APR), 3.125% – 0 points (3.13% APR)
7/1 ARM: 3.0% – .84 points (3.16% APR), 3.25% – 0 points (3.29% APR)
30 year fixed FHA: 3.25% – .3 points (4.01% APR), 3.375% – 0 points (4.07% APR)
15 year fixed FHA: 2.75% – .61 points (3.17% APR), 3% – 0 points (3.3% APR)
30 year fixed VA: 3.25% – .5 points (3.35% APR), 3.375% – 0 points (3.4% 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. March 24th 2015 30 year fixed rates, March 25th 2015 30 year fixed rates, March 26th 2015 30 year fixed rates, March 27th 2015 30 year fixed rates, March 28th 2015 30 year fixed rates, March 29th 2015 30 year fixed rates, March 30th 2015 30 year fixed rates.
Rates Improve to 6 week Lows!!
