Interest Rates Make Move Higher

Interest Rates Make Move Higher

Last week was a BAD week for interest rates right from the beginning capped by a stronger than expected jobs report. The Mortgage Backed Security market closed down every day but Thursday, ending the week trading down -198 bps. This was the biggest market movement in over a year and pushed rates approximately .25% higher than the week before.

30 year fixed rates are now available at 3.99% paying 1 points (4.19% APR), and 4.25% paying 0 points (4.29% APR). 15 year fixed rates are now available at 3.25% paying .74 points (3.39% APR), and 3.5% paying 0 points (3.55% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

The market now seems less concerned about the Greek debt crisis that helped keep interest rates low. The positive economic reports, higher than expected job creation and the belief the FED will not raise their rates until 2015 are all contributing to interest rates moving higher.

Interest rates will likely continue to remain volatile and floating is very risky at this point. If you like the rate – lock it. We can always float it down if interest rates drop significantly after you lock.

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:       3.99% – 1 point (4.19% APR),       4.25% – 0 points (4.29% APR)

20 year fixed:        3.875% – .45 points (3.96% APR),        4.0% – 0 points (4.03% APR)

15 year fixed:       3.25% – .74 points (3.39% APR),        3.5% – 0 points (3.55% APR)

10 year fixed:        3.125% – .72 points (3.26% APR),         3.375% – 0 points (3.4% APR)

5/1 ARM:        3.125% – .83 points (3.29% APR),         3.5% – 0 points (3.53% APR)

7/1 ARM:        3.375% – .84 points (3.54% APR),         3.75% – 0 points (3.77% APR)

30 year fixed FHA:        3.75% – 0 points (4.45% APR)

15 year fixed FHA:        3.125% – .68 points (3.56% APR),         3.25% – 0 points (3.57% APR)

30 year fixed VA:         3.75% – .27 points (3.80% APR),          3.875% – 0 points (3.89% APR)

Today's Interest Rates - June 8th, 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. June 8th 2015 30 year fixed rates, June 9th 2015 30 year fixed rates, June 10th 2015 30 year fixed rates, June 11th 2015 30 year fixed rates, June 12th 2015 30 year fixed rates, June 13th 2015 30 year fixed rates, June 14th 2015 30 year fixed rates.

Interest Rates Make Move Higher

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