Interest Rates Up and Down Before Payroll Report on Friday
April 1st, 2015
After improving for two weeks straight, interest rates shot up in the middle of last week with the Mortgage Backed Security (MBS) market trading substantially lower on Wednesday and Thursday. This is a somewhat expected pull back when rates go one direction for an extended period of time. Luckily the MBS market has pulled back up, closing positive on Friday and Monday and Tuesday of this week. Overall, the MBS market closed down -18 bps last week and is currently trading up + 42 bps this week.
30 year fixed rates are now available at 3.625% paying .82 points (3.78% APR), and 3.75% paying 0 points (3.79% APR). 15 year fixed rates are now available at 2.875% paying .96 points (3.066% APR), and 3.125% paying 0 points (3.13% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**
On the first Friday of every month, the non farm payroll report is released. This is the biggest market moving report of them all. I would recommend locking your loan before Friday as this report will typically make the market very volatile.
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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% – .82 points (3.78% APR), 3.75% – 0 points (3.79% APR)
20 year fixed: 3.5% – .27 points (3.55% APR), 3.625% – 0 points (3.67% APR)
15 year fixed: 2.875% – .96 points (3.066% APR), 3.125% – 0 points (3.13% APR)
10 year fixed: 2.75% – .61 points (2.87% APR), 2.875% – 0 points (2.9% APR)
5/1 ARM: 2.625% – 1 point (2.82% APR), 3.0% – 0 points (3.05% APR)
7/1 ARM: 3.0% – .74 points (3.15% APR), 3.25% – 0 points (3.29% APR)
30 year fixed FHA: 3.25% – .51 points (4.05% APR), 3.375% – 0 points (4.07% APR)
15 year fixed FHA: 2.75% – .62 points (3.17% APR), 3% – 0 points (3.3% APR)
30 year fixed VA: 3.25% – .76 points (3.4% APR), 3.5% – 0 points (3.55% 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. April 1st 2015 30 year fixed rates, April 2nd 2015 30 year fixed rates, April 3rd 2015 30 year fixed rates, April 4th 2015 30 year fixed rates, April 5th 2015 30 year fixed rates, April 6th 2015 30 year fixed rates, April 7th 2015 30 year fixed rates.
Interest Rates Up and Down Before Payroll Report on Friday
