Month: May 2015

Interest Rate Market Volatility the New Norm

Interest Rate Market Volatility the New Norm

Rates continue to be very volatile – with rate pricing changing rapidly based on large swings in the MBS market. That being said, the large swings are evening each other out so the market is not moving that much when looking at it over a longer period of time. The Mortgage Backed Security (MBS) closed last week down – 47 bps and the week before down – 7 bps.

30 year fixed rates are now available at 3.75% paying 1 points (3.95% APR), and 3.99% paying 0 points (4.04% APR). 15 year fixed rates are now available at 2.99% paying .99 points (3.18% APR), and 3.25% paying 0 points (3.28% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

For a free email mortgage quote, please answer questions on the right or go to

WWW.FREEMORTGAGEQUOTE.BIZ  

Below are today’s interest rates. Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:      3.75% – 1 point (3.95% APR),       3.99% – 0 points (4.04% APR)

20 year fixed:       3.625% – .45 points (3.71% APR),        3.75% – 0 points (3.79% APR)

15 year fixed:       2.99% – .55 points (3.18% APR),        3.25% – 0 points (3.28% APR)

10 year fixed:       2.875% – .69 points (3.01% APR),        3.125% – 0 points (3.15% APR)

5/1 ARM:       2.875% – .99 points (3.07% APR),        3.25% – 0 points (3.29% APR)

7/1 ARM:        3.125% – .92 points (3.3% APR),       3.375% – 0 points (3.41% APR)

30 year fixed FHA:       3.375% – .91 points (4.25% APR),        3.625% – 0 points (4.32% APR)

15 year fixed FHA:       2.875% – .67 points (3.3% APR),        3.0% – 0 points (3.31% APR)

30 year fixed VA:       3.5% – .63 points (3.62% APR),        3.75% – 0 points (3.79% APR)

Today's Interest Rates - May 25th, 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. May 26th 2015 30 year fixed rates, May 27th 2015 30 year fixed rates, May 28th 2015 30 year fixed rates, May 29th 2015 30 year fixed rates, May 30th 2015 30 year fixed rates, May 31st 2015 30 year fixed rates, June 1st 2015 30 year fixed rates.

Interest Rate Market Volatility the New Norm

Increased Volatility for Interest Rates

Increased Volatility for Interest Rates

It has been a hectic few weeks for interest rate pricing. Last week – the Mortgage Backed Security (MBS) market traded down for the first 3 days – pushing rates higher in 7 of the previous 8 days. On Thursday and Friday with the disappointing US employment report – interest rates gained some momentum lower with the MBS market closing positive both days and ending the week trading up + 9 bps.

Friday was the worse day for interest rates I’ve seen in a long time. The MBS market closed -87 bps pushing rates to their highest levels of 2015.

Investors are taking money out of the bond and MBS market and repositioning it with the recent turn around in the European bond market. I’m strongly suggesting to lock as this point – as it’s just too risky to float.

30 year fixed rates are now available at 3.875% paying .87 points (4.04% APR), and 3.99% paying 0 points (4.05% APR). 15 year fixed rates are now available at 3.125% paying .55 points (3.23% APR), and 3.25% paying 0 points (3.28% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

For a free email mortgage quote, please answer questions on the right or go to

WWW.FREEMORTGAGEQUOTE.BIZ

Below are today’s interest rates. Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       3.875% – .87 points (4.04% APR),         3.99% – 0 points (4.05% APR)

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

15 year fixed:         3.125% – .55 points (3.23% APR),         3.25% – 0 points (3.28% APR)

10 year fixed:         2.875% – 1 point (3.08% APR),           3.125% – 0 points (3.15% APR)

5/1 ARM:          3.0% – .77 points (3.15% APR),          3.375% – 0 points (3.4% APR)

7/1 ARM:         3.25% – .72 points (3.39% APR),           3.5% – 0 points (3.54% APR)

30 year fixed FHA:         3.5% – .65 points (4.33% APR),         3.75% – 0 points (4.45% APR)

15 year fixed FHA:       2.875% – 1 point (3.19% APR),         3.125% – 0 points (3.425% APR)

30 year fixed VA:         3.5% – .9 points (3.68% APR),         3.75% – 0 points (3.79% APR)

Today's Interest Rates - May 12th, 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. May 12th 2015 30 year fixed rates, May 13th 2015 30 year fixed rates, May 14th 2015 30 year fixed rates, May 15th 2015 30 year fixed rates, May 16th 2015 30 year fixed rates, May 17th 2015 30 year fixed rates, May 18th 2015 30 year fixed rates.

Increased Volatility for interest rates

Interest Rates Move up .125%

Interest Rates Move up .125%

Interest rates had their toughest week in some time last week. The Mortgage Backed Security (MBS) market closed down – 104 bps, pushing rate pricing to their highest levels in over a month. Luckily a huge swing is only .125% higher on the rate.

Most economic reports have been coming in lighter than expectations – highlighted by the low GDP numbers last week. The FED also announced no imminent change to the Federal Funds rate. Usually these two things would help rates – but rates have been hampered by a weakening US dollar and an increase in economic production in Europe.

30 year fixed rates are now available at 3.75% paying .47 points (3.84% APR), and 3.875% paying 0 points (3.9% APR). 15 year fixed rates are now available at 2.99% paying .57 points (3.1% APR), and 3.125% paying 0 points (3.13% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

There is a chance for rates to pull back down this week. The big event is Friday’s US Non Farm Payroll report for April.

For a free email mortgage quote, please answer questions on the right or go to

WWW.FREEMORTGAGEQUOTE.BIZ

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:        3.75% – .47 points (3.84% APR),          3.875% – 0 points (3.9% APR)

20 year fixed:      3.5% – .8 points (3.66% APR),       3.625% – 0 points (3.67% APR)

15 year fixed:       2.99% – .57 points (3.1% APR),       3.l25% – 0 points (3.13% APR)

10 year fixed:       .75% – 1 point (2.95% APR),       3.0% – 0 points (3.04% APR)

5/1 ARM:       2.75% – 1 point (2.95% APR),        3.125% – 0 points (3.13% APR)

7/1 ARM:        3.0% – 1 point (3.2% APR),        3.375% – 0 points (3.4% APR)

30 year fixed FHA:       3.25% – .92 points (4.13% APR),         3.5% – 0 points (4.2% APR)

15 year fixed FHA:        2.75% – .95 points (3.24% APR),         3.0% – 0 points (3.3% APR)

30 year fixed VA:        3.375% – .59 points (3.49% APR),         3.5% – 0 points (3.52% APR)

Today's Interest Rates - May 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. April 27th 2015 30 year fixed rates, May 3rd 2015 30 year fixed rates, May 4th 2015 30 year fixed rates, May 5th 2015 30 year fixed rates, May 6th 2015 30 year fixed rates, May 7th 2015 30 year fixed rates, May 8th 2015 30 year fixed rates.

Interest Rates Move up .125%