WEEKLY RATE – Mortgage Rates Continue to Move Higher After Employment Data
November 2015
We are officially in a rising interest rate environment with interest rates moving up for the 3rd straight week.
Last week, the October US Non Farm Payroll report estimated job creation at 271,000 jobs – substantially higher than the market prediction of about 180,000 jobs. This caused another sell off in the Mortgage Backed Security (MBS) market closing down – 74 bps on the week.
Interest rates have moved up about .25% over the past 2 weeks and the market continues to remain bearish.
With the better than expected job creation, most now expect the FED’s FOMC to raise the Federal Funds rate at their December meeting.
I’m recommending to all my clients to lock rate pricing to prevent further losses.
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: 4.125% – .434 points (4.21% APR), 4.25% – 0 points (4.28% APR)
20 year fixed: 3.875% – .68 points (4.01% APR), 4.0% – 0 points (4.03% APR)
15 year fixed: 3.25 % – .86 points (3.42% APR), 3.5% – 0 points (3.53% APR)
10 year fixed: 3.125% – 1 point (3.32% APR), 3.375% – 0 points (3.4% APR)
5/1 ARM: 3.5% – 1 point (3.7% APR), 4.125% – 0 points (4.15% APR)
7/1 ARM: 3.625% – .98 points (3.82% APR), 4.125% – 0 points (4.15% APR)
30 year fixed FHA: 3.75% – .71 points (4.59% APR), 4.0% – 0 points (4.7% APR)
15 year fixed FHA: 3.375% – .86 points (3.84% APR), 3.625% – 0 points (3.92% APR)
30 year fixed VA: 3.75% – .96 points (3.95% APR), 4.0% – 0 points (4.05% 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. November 9th 2015 30 year fixed rates, November 10th 2015 30 year fixed rates, November 11th 2015 30 year fixed rates, November 12th 2015 30 year fixed rates, November 13th 2015 30 year fixed rates, November 14th 2015 30 year fixed rates, November 15th 2015 30 year fixed rates.
WEEKLY RATE – Mortgage Rates Continue to Move Higher After Employment Data
