Rates improve last week, but lose much of gains on Monday
Rates had a positive last week with the Mortgage Backed Security (MBS) trading up + 55 bps. Monday, the market took much of the gains back with the MBS market closing down – 33 bps.
30 year fixed rates are now available at 3.75% paying 1 point (3.95% APR), and 3.99% paying 0 points (4.04% APR). 15 year fixed rates are now available at 2.99% paying .93 points (3.17% APR), and 3.25% paying 0 points (3.28% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**
This week there is a lot of market data to chew on plus May’s Non Farm Payroll job report on Friday. Most experts I pay attention to are neutral on whether to lock or float.
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% – .42 points (3.71% APR), 3.75% – 0 points (3.79% APR)
15 year fixed: 2.99% – .93 points (3.17% APR), 3.25% – 0 points (3.28% APR)
10 year fixed: 2.875% – .61 points (2.99% APR), 3.0% – 0 points (3.05% APR)
5/1 ARM: 2.875% – .83 points (3.04% APR), 3.25% – 0 points (3.29% APR)
7/1 ARM: 3.125% – .64 points (3.25% APR), 3.375% – 0 points (3.41% APR)
30 year fixed FHA: 3.375% – .80 points (4.23% APR), 3.625% – 0 points (4.32% APR)
15 year fixed FHA: 2.875% – .59 points (3.29% APR), 3.0% – 0 points (3.3% APR)
30 year fixed VA: 3.375% – 1 point (3.57% APR), 3.625% – 0 points (3.67% 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. June 1st 2015 30 year fixed rates, June 2nd 2015 30 year fixed rates, June 3rd 2015 30 year fixed rates, June 4th 2015 30 year fixed rates, June 5th 2015 30 year fixed rates, June 6th 2015 30 year fixed rates, June 7th 2015 30 year fixed rates.
Rates improve last week, but lose much of gains on Monday
