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

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