Interest Rates Improve – Trading in Narrow Range
July 2015
Interest rates improved last week after making a big jump up on Monday. The Mortgage Backed Security Market(MBS) traded up every day after Monday and concluded the week trading up + 22 bps.
30 year fixed rates are now available at 4.125% paying .17 points (4.16% APR), and 4.25% paying 0 points (4.28% APR). 15 year fixed rates are now available at 3.25% paying .59 points (3.36% APR), and 3.375% paying 0 points (3.39% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**
The name of the game is still Greece. Greece secured a bridge loan, paid their creditors and reopened their banks. At the same time, there is market skepticism that a long term solution will go through and get Germany’s blessing. So the progress yet skepticism is pulling the market both ways and is essentially cancelling each other out.
More and more comments by the FED lead the market to believe that the Federal Funds rate will be raised this Fall. Right now I see no benefit in floating and would recommend locking.
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Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 4.125% – .17points (4.16% APR), 4.25% – 0 points (4.28% APR)
20 year fixed: 3.75% – 1 point (3.95% APR), 4.0% – 0 points (4.03% APR)
15 year fixed: 3.25% – .59 points (3.36% APR), 3.375% – 0 points (3.39% APR)
10 year fixed: 2.875% – 1 point (2.895% APR), 3.125% – 0 points (3.15% APR)
5/1 ARM: 3.125% – .72 points (3.26% APR), 3.625% – 0 points (3.66% APR)
7/1 ARM: 3.375% – .83 points (3.54% APR), 3.625% – 0 points (3.68% APR)
30 year fixed FHA: 3.75% – 0 points (4.45% APR),
15 year fixed FHA: 3.125% – .65 points (3.55% APR), 3.25% – 0 points (3.57% APR)
30 year fixed VA: 3.75% – .13 points (3.77% APR), 3.875% – 0 points (3.9% APR)
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. July 21st 2015 30 year fixed rates, July 22nd 2015 30 year fixed rates, July 23rd 2015 30 year fixed rates, July 24th 2015 30 year fixed rates, July 25th 2015 30 year fixed rates, July 26th 2015 30 year fixed rates, July 27th 2015 30 year fixed rates.
Interest Rates Improve – Trading in Narrow Range
