Interest Rates Improve with FED statement

Interest Rates Improve with FED statement

Interest rates improved last week and so far this week although each day has been an adventure.

Last week the Mortgage Backed Security (MBS) closed trading up + 32 bps – helping interest rates modestly improve for the week. That being said there were large trading movements so one day rates could be way up – the next day way down. There is a lot of volatility in the market right now.

This week the MBS market is trading up +31 bps. The market started off Wednesday down – but came back to even after the FED statement announcing no increase to the Federal Funds rate right now. That being said – it is clear the FED will likely raise rates in their September meeting as they would like to get to a targeted rate of .625% from their current 0% rate.

The situation in Europe with Greece likely to default on their debt and possibly leaving the EU is also something to watch closely as what ends up happening will have an effect on interest rate pricing.

30 year fixed rates are now available at 3.99% paying .75 points (4.14% APR), and 4.125% paying 0 points (4.15% APR). 15 year fixed rates are now available at 3.125% paying .96 points (3.31% APR), and 3.375% paying 0 points (3.4% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

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% – .75 points (4.14% APR),        4.125% – 0 points (4.15% APR)

20 year fixed:       3.75% – .85 points (3.92% APR),        4.0% – 0 points (4.02% APR)

15 year fixed:       3.125% – .96 points (3.31% APR),        3.375% – 0 points (3.4% APR)

10 year fixed:        3.0% – .72 points (3.14% APR),         3.25% – 0 points (3.29% APR)

5/1 ARM:       3.125% – .84 points (3.29% APR),        3.5% – 0 points (3.52% APR)

7/1 ARM:       3.375% – .82 points (3.53% APR),        3.75% – 0 points (3.77% APR)

30 year fixed FHA:       3.625% – .71 points (4.46% APR),        3.75% – 0 points (4.5% APR)

15 year fixed FHA:      3.0% – .68 points (3.43% APR),        3.25% – 0 points (3.55% APR)

30 year fixed VA:       3.625% – .96 points (3.81% APR),        3.75% – 0 points (3.77% APR)

Today's Interest Rates - June 17th, 2015

Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, Colorado, Washington, and Virginia. Arizona Home Loans, California Home Loans, Colorado Home Loans, Washington Home loans, Virginia 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 17thth 2015 30 year fixed rates, June 18th 2015 30 year fixed rates, June 19th 2015 30 year fixed rates, June 20th 2015 30 year fixed rates, June 21st 2015 30 year fixed rates, June 22nd 2015 30 year fixed rates, June 23rd 2015 30 year fixed rates.

Interest Rates Improve with Fed Statement

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