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.
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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 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%
