Month: August 2015

Interest Rates Hit 3 Month Lows

Interest Rates Hit 3 Month Lows

August 2015

Interest rates had a great week last week pushing interest rates to their lowest levels in 3 months. The Mortgage Backed Security (MBS) market closed + 73 bps and closed higher every day except Tuesday.

30 year fixed rates are now available at 3.75% paying .93 points (3.93% APR), and 3.99% paying 0 points (4.04% APR). 15 year fixed rates are now available at 2.99% paying 1 point (3.19% APR), and 3.25% paying 0 points (3.29% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

The Stock market dropped a ton at the end of the week which typically pushes investments into treasuries and mortgage backed securities – helping to push interest rate pricing lower. The FED minutes from their last meeting was also released and the Federal Open Market Committee is split on if to raise the Federal Fund rates right now or later. They are ready to raise it, but some members would like a bit more stability in job growth before doing so.

Expect high volatility in rate pricing this week with the large fluctuations in the stock market.

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% – .93 points (3.93% APR),        3.99% – 0 points (4.04% APR)

20 year fixed:       3.5% – .81 points (3.66% APR),        3.625% – 0 points (3.67% APR)

15 year fixed:       2.99% – 1 point (3.19% APR),       3.25% – 0 points (3.29% APR)

10 year fixed:        2.75% – .74 points (2.89% APR),        3.0% – 0 points (3.04% APR)

5/1 ARM:       3.0% – .72 points (3.144% APR),        3.25% – 0 points (3.28% APR)

7/1 ARM:       3.125% – .98 points (3.32% APR),        3.5% – 0 points (3.54% APR)

30 year fixed FHA:        3.5% – .68 points (4.33% APR),         3.75% – 0 points (4.45% APR),

15 year fixed FHA:         3.0% – .56 points (3.41% APR),        3.25% – 0 points (3.55% APR)

30 year fixed VA:       3.5% -.93 points (3.68% APR),         3.75% – 0 points (3.77% APR)

TR - August 24th, 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. August 24th 2015 30 year fixed rates, August 25th 2015 30 year fixed rates, August 26th 2015 30 year fixed rates, August 27th 2015 30 year fixed rates, August 28th 2015 30 year fixed rates, August 29th 2015 30 year fixed rates, August 30th 2015 30 year fixed rates.

Interest Rates Hit 3 Month Lows

Interest Rates Fall and Rise With News Out of China

Interest Rates Fall and Rise With News Out of China

August 2015

Interest rates had another rollercoaster week last week with the Mortgage Backed Security (MBS) Market trading all over the board. On Tuesday, the MBS market closed up + 53 bps with news out of China that they were going to stop manipulating and devaluing their currency. This caused investors to flock to the safety of the bond market – pushing interest rate pricing to multi month lows. Since then, China pulled back on this announcement moving all interest rate gains back. The MBS market closed 4 of the 5 days down, ending the week closing down -33 bps.

30 year fixed rates are now available at 3.875% paying 1 point (4.08% APR), and 4.125% paying 0 points (4.16% APR). 15 year fixed rates are now available at 3.125% paying .86 points (3.29% APR), and 3.375% paying 0 points (3.39% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

On Monday – the NY Empire State Manufacturing Index came in lower than analyst predictions helping improve interest rates. On Wednesday the FED minutes will be released which should give traders some hint on if the FED may increase the Federal Funds rate at their next meeting on September 17th.

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:       3.875% – 1 point (4.08% APR),        4.125% – 0 points (4.16% APR)

20 year fixed:      3.625% – .95 points (3.81% APR),       3.875% – 0 points (3.9% APR)

15 year fixed:        3.125% – .86 points (3.29% APR),        3.375% – 0 points (3.39% APR)

10 year fixed:        2.875% – .64 points (3.0% APR),        3.125% – 0 points (3.16% APR)

5/1 ARM:        3.0% – 1 point (3.2% APR),        3.375% – 0 points (3.4% APR)

7/1 ARM:        3.25% – .93 points (3.43% APR),        3.625% – 0 points (3.66% APR)

30 year fixed FHA:        3.625% – .75 points (4.48% APR),         3.75% – 0 points (4.5% APR)

15 year fixed FHA:       3.0% – 1 point (3.5% APR),        3.375% – 0 points (3.67% APR)

30 year fixed VA:        3.625% – 1 point (3.82% APR),        3.75% – 0 points (3.8% APR)

Today's Interest Rates -August 18th, 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. August 18th 2015 30 year fixed rates, August 19th 2015 30 year fixed rates, August 20th 2015 30 year fixed rates, August 21st 2015 30 year fixed rates, August 22nd 2015 30 year fixed rates, August 23rd 2015 30 year fixed rates, August 24th 2015 30 year fixed rates.

Interest Rates Fall and Rise With News Out of China

Interest Rates Steady After Jobs Report

Interest Rates Steady After Jobs Report

August 2015

Interest rates had an up and down week with large swings in the Mortgage Backed Securities (MBS) market in both a positive and negative direction. The MBS market closed last week trading down -2 bps, and also closed Monday down – 24 bps.

30 year fixed rates are now available at 3.99% paying .64 points (4.11% APR), and 4.125% paying 0 points (4.16% APR). 15 year fixed rates are now available at 3.125% paying 1 point (3.32% APR), and 3.375% paying 0 points (3.39% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

The big news last week was the Non Farm Jobs Payroll report which didn’t have much of an effect on interest rate pricing due to the numbers coming so close to investor projections. Investors predicted job creation of 223k and the report showed an increase of 215k. The slightly lower number was positive for interest rate pricing but not by much.

When publicly speaking, most members of the FED are giving the indication that the economy is close to a normal level which will likely result in the FED moving up the Federal Funds rate soon. Greece is still very important in interest rate pricing and a deal is possible with Germany’s approval and Greece following strict conditions. The date set for a possible deal is August 20th.

With recent interest rate improvement – I don’t see the benefits of floating with the risk of rates going up much more likely than interest rate pricing improving significantly.

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% – .64 points (4.11% APR),        4.125% – 0 points (4.16% APR)

20 year fixed:       3.625% – 1 point (3.82% APR),        3.875% – 0 points (3.9% APR)

15 year fixed:       3.125% – 1 point (3.32% APR),        3.375% – 0 points (3.39% APR)

10 year fixed:        2.875% – .84 points (3.04% APR),         3.125% – 0 points (3.16% APR)

5/1 ARM:        3.0% – 1 point (3.2% APR),        3.375% – 0 points (3.41% APR)

7/1 ARM:        3.25% – 1 point (3.45% APR),        3.625% – 0 points (3.66% APR)

30 year fixed FHA:        3.625% – .82 points (4.48% APR),         3.75% – 0 points (4.5% APR),

15 year fixed FHA:        3.125% – .72 points (3.58% APR),        3.375% – 0 points (3.67% APR)

30 year fixed VA:        3.625% – 1 point (3.82% APR),         3.75% – 0 points (3.8% APR)

Today's Interest Rates -August 10th, 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. August 10th 2015 30 year fixed rates, August 11th 2015 30 year fixed rates, August 12th 2015 30 year fixed rates, August 13th 2015 30 year fixed rates, August 14th 2015 30 year fixed rates, August 15th 2015 30 year fixed rates, August 16th 2015 30 year fixed rates.

Interest Rates Steady After Jobs Report

Interest Rates Hit 2 Month Lows!!

Interest Rates Hit 2 Month Lows!!

August 2015

Interest rates improved again last week pushing interest rate pricing to their lowest levels in over 2 months. The Mortgage Backed Security (MBS) market finished the week trading up + 47 bps.

30 year fixed rates are now available at 3.875% paying .89 points (4.05% APR), and 4.125% paying 0 points (4.15% APR). 15 year fixed rates are now available at 3.125% paying .69 points (3.26% APR), and 3.375% paying 0 points (3.38% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

A report showing week wage growth helped interest rates improve last week. Week wage growth could cause the FED to delay raising the Federal Funds rate as well. This is Non Farm Payroll report week. On Friday – Job creation for July will be released. This is the most significant interest rate moving report so I would advise to lock before Friday if you risk averse.

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:       3.875% – .89 points (4.05% APR),        4.125% – 0 points (4.15% APR)

20 year fixed:        3.625% – .74 points (3.77% APR),        3.75% – 0 points (3.8% APR)

15 year fixed:        3.125% – .69 points (3.26% APR),         3.375% – 0 points (3.38% APR)

10 year fixed:        2.75% – 1 point (2.95% APR),          3.0% – 0 points (3.03% APR)

5/1 ARM:        3.0% – .82 points (3.16% APR),          3.375% – 0 points (3.39% APR)

7/1 ARM:         3.25% – .82 points (3.41% APR),          3.5% – 0 points (3.53% APR)

30 year fixed FHA:         3.5% – .86 points (4.37% APR),          3.75% – 0 points (4.45% APR),

15 year fixed FHA:         3.0% – .84 points (3.46% APR),         3.25% – 0 points (3.55% APR)

30 year fixed VA:          3.625% – .64 points (3.75% APR),          3.75% – 0 points (3.77% APR)

Today's Interest Rates - August 3rd 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. August 3rd 2015 30 year fixed rates, August 4th 2015 30 year fixed rates, August 5th 2015 30 year fixed rates, August 6th 2015 30 year fixed rates, August 7th 2015 30 year fixed rates, August 8th 2015 30 year fixed rates, August 9th 2015 30 year fixed rates.

Interest Rates Hit 2 Month Lows!!