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**
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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 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
