Interest Rates Improve on Friday – FED announcement on Wednesday

Interest Rates Improve on Friday – FED announcement on Wednesday

Interest rates had a nice day on Friday after moving up the majority of the week before that. The Mortgage Backed Security (MBS) closed up + 35 bps on Friday, but still closed the week down -5 bps.

30 year fixed rates are now available at 3.625% paying .66 points (3.75% APR), and 3.75% paying 0 points (3.78% APR). 15 year fixed rates are now available at 2.875% paying .79 points (3.03% APR), and 3.125% paying 0 points (3.13% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

This week, the big news is the policy statement on Wednesday from the FED. The Federal Open Market Committee (FOMC) will meet Tuesday and Wednesday and then issue a statement on Wednesday. The statement should give a better outlook on the FED’s long term plans with the Federal Fund rate. This has the capability of being a big interest rate mover.

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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% – .66 points (3.75% APR),       3.75% – 0 points (3.78% APR)

20 year fixed:       3.375% – 1 point (3.57% APR),       3.625% – 0 points (3.66% APR)

15 year fixed:       2.875% – .79 points (3.03% APR),       3.l25% – 0 points (3.13% APR)

10 year fixed:       2.75% – .7 points (2.89% APR),        2.875% – 0 points (2.89% APR)

5/1 ARM:       2.75% – .84 points (2.91% APR),       3.125% – 0 points (3.13% APR)

7/1 ARM:        3.0% – .85 points (3.17% APR),         3.25% – 0 points (3.29% APR)

30 year fixed FHA:        3.25% – .32 points (4.01% APR),        3.375% – 0 points (4.07% APR)

15 year fixed FHA:        2.75% – .56 points (3.16% APR),        2.875% – 0 points (3.175% APR)

30 year fixed VA:        3.25% – .57 points (3.36% APR),         3.375% – 0 points (3.4% APR)

Today's Interest Rates - April 27th, 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. April 27th 2015 30 year fixed rates, April 28th 2015 30 year fixed rates, April 29th 2015 30 year fixed rates, April 30th 2015 30 year fixed rates, May 1st 2015 30 year fixed rates, May 2nd 2015 30 year fixed rates, May 3rd 2015 30 year fixed rates.

Interest Rates Improve on Friday – FED announcement on Wednesday

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