Rates go up slightly – Fed makes statement on rates September 17th
September 2015
Interest rates went up slightly last week with the Mortgage Backed Security (MBS) market closing the week down – 28 bps.
30 year fixed rates are now available at 3.875% paying .89 points (4.05% APR), and 4.125% paying 0 points (4.14% APR). 15 year fixed rates are now available at 3.125% paying .51 point (3.22% APR), and 3.25% paying 0 points (3.28% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**
The major news this week will still be the Federal Open Market Committee’s (FOMC) statement at 2 pm on Thursday, September 17th 2015. In a recent poll, 46% of Wall Street economists are predicting the FED to raise the Federal Funds rate. I still don’t think they will but the uncertainty of when they will is certainly taking a toll on the market.
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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 (4.14% APR)
20 year fixed: 3.625% – 1 point (3.82% APR), 3.875% – 0 points (3.9% APR)
15 year fixed: 3.125% – .51 points (3.22% APR), 3.25% – 0 points (3.28% APR)
10 year fixed: 2.75% – 1 point (2.95% APR), 3.0% – 0 points (3.04% APR)
5/1 ARM: 3.0% – .94 points (3.18% APR), 3.375% – 0 points (3.4% APR)
7/1 ARM: 3.25% – .89 points (3.42% APR), 3.625% – 0 points (3.66% APR)
30 year fixed FHA: 3.625% – .97 points (4.51% APR), 3.75% – 0 points (4.55% APR)
15 year fixed FHA: 3.0% – 1 point (3.5% APR), 3.375% – 0 points (3.67% APR)
30 year fixed VA: 3.75% – 0 points (3.79% 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. September 14th 2015 30 year fixed rates, September 15th 2015 30 year fixed rates, September 16th 2015 30 year fixed rates, September 17th 2015 30 year fixed rates, September 18th 2015 30 year fixed rates, September 19th 2015 30 year fixed rates, September 20th 2015 30 year fixed rates.
Rates go up slightly – Fed makes statement on rates September 17th
