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**
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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 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
