Month: December 2015

WEEKLY RATE – Interest Rates Trending Up Going into 2016

WEEKLY RATE – Interest Rates Trending Up Going into 2016

December 2015

After some improvement in mortgage rates after the FED announcement, rates have begun to trend up.

The Mortgage Backed Security (MBS) market closed last week down – 24 bps and is trading down -18 bps this week.

Currently interest rate pricing is close to the highest levels since July of 2015 and most analysts believe mortgage interest rates will rise in 2016.

Have a Happy and Safe New Years!!

For a free email mortgage quote, please answer questions on the right or go to:

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Below are today’s interest rates. Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:      4.125% – .73 points (4.27% APR),       4.25% – 0 points (4.29% APR)
20 year fixed:       4.0% – .46 points (4.1 % APR),       4.125% – 0 points (4.16% APR)
15 year fixed:       3.375 % – .84 points (3.54% APR),        3.625% – 0 points (3.67% APR)
10 year fixed:       3.25% – .93 points (3.43% APR),        3.5% – 0 points (3.52% APR)
5/1 ARM:       3.5% – 1 point (3.7% APR),        4.125% – 0 points (4.17% APR)
7/1 ARM:       3.625% – .99 points (3.83% APR),        4.125% – 0 points (4.15% APR)
30 year fixed FHA:       3.75% – .48 points (4.54% APR),        3.875% – 0 points (4.57% APR)
15 year fixed FHA:       3.375% – .7 points (3.81% APR),       3.625% – 0 points (3.82% APR)
30 year fixed VA:       3.75% – .73 points (3.89% APR),       4.0% – 0 points (4.04% APR)

Today's Interest Rates - December 29th, 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. December 29th 2015 30 year fixed rates, December 30th 2015 30 year fixed rates, December 31st 2015 30 year fixed rates, January 1st 2015 30 year fixed rates, January 2nd 2015 30 year fixed rates, January 3rd 2015 30 year fixed rates, January 4th 2015 30 year fixed rates.

WEEKLY RATE – Interest Rates Trending Up Going into 2016

WEEKLY RATE – Fed Increases Federal Funds Rate, Mortgage Rates Improve

WEEKLY RATE – Fed Increases Federal Funds Rate, Mortgage Rates Improve

December 2015

The FED finally did it. After years of talking about it the FED raised the Federal Funds rate to .5% on Wednesday. In the days leading up to the announcement , mortgage interest rate pricing spiked in anticipation of them raising the rate. Then once the announcement happened, interest rate pricing improved the end of the day on Wednesday up through today – Monday December 21st.

Overall, the Mortgage Backed Security (MBS) market ended the week closing down -29 bps but rallied up + 40 bps on Thursday and Friday.

The FED declared that their goal is to raise the Federal Funds rate to 1.4% by the end of 2016.

It’s getting to be Christmas time when a lot of traders go on vacation. When there are less traders, the market can be very volatile as a larger pool of traders typically balances out the market more.

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% – .98 points (4.19% APR),       4.25% – 0 points (4.27% APR)

20 year fixed:      3.75% – 1 point (3.95% APR),       4.0% – 0 points (4.04% APR)

15 year fixed:       3.25 % – 1 point (3.45% APR),        3.5% – 0 points (3.55% APR)

10 year fixed:        3.125% – .96 points (3.22% APR),       3.375% – 0 points (3.4% APR)

5/1 ARM:       3.375% – 1 point (3.57% APR),       4.0% – 0 points (4.05% APR)

7/1 ARM:       3.625% – .74 points (3.77% APR),        4.0% – 0 points (4.05% APR)

30 year fixed FHA:       3.625% – 1 point (4.525% APR),        3.75% – 0 points (4.55% APR)

15 year fixed FHA:       3.25% – .8 points (3.71% APR),        3.5% – 0 points (3.8% APR)

30 year fixed VA:       3.75% – 0 points (3.8% APR)

Today's Interest Rates - December 21st, 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. December 21st 2015 30 year fixed rates, December 22nd 2015 30 year fixed rates, December 23rd 2015 30 year fixed rates, December 24th 2015 30 year fixed rates, December 25th 2015 30 year fixed rates, December 26th 2015 30 year fixed rates, December 27th 2015 30 year fixed rates.

WEEKLY RATE – Fed Increases Federal Funds Rate, Mortgage Rates Improve

WEEKLY RATE – Fed Likely Increasing Federal Funds Rate on Wednesday

WEEKLY RATE – Fed Likely Increasing Federal Funds Rate on Wednesday

December 2015

Last week, interest rates improved 4 of the 5 days with the Mortgage Backed Security (MBS) market closing the week up + 49 bps. Unfortunately, the market lost all steam on Monday with the MBS market closing down -48 bps.
Everything now comes down to the FED’s policy announcement on Wednesday at 2 pm Eastern.

Most market analysts predict this is when the FED will finally raise the Federal Funds Rate after a year of talking about it.

I’m recommending to lock before Wednesday to avoid the uncertainty that comes with the Fed statement.

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% – .29 points (4.18% APR),      4.25% – 0 points (4.27% APR)

20 year fixed:      3.875% – .66 points (4.00% APR),      4.0% – 0 points (4.04% APR)

15 year fixed:       3.25 % – 1 point (3.45% APR),       3.5% – 0 points (3.55% APR)

10 year fixed:       3.125% – .99 points (3.32% APR),        3.375% – 0 points (3.4% APR)

5/1 ARM:      3.25% – 1 point (3.45% APR),       3.75% – 0 points (3.79% APR)

7/1 ARM:        3.5% – .84 points (3.67% APR),       3.875% – 0 points (3.91% APR)

30 year fixed FHA:       3.75% – .22 points (4.5% APR),       3.875% – 0 points (4.57% APR)

15 year fixed FHA:       3.25% – .89 points (3.72% APR),        3.5% – 0 points (3.8% APR)

30 year fixed VA:       3.75% – .47 points (3.85% APR),        3.875% – 0 points (3.91% APR)

Today's Interest Rates - December 14th, 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. December 14th 2015 30 year fixed rates, December 15th 2015 30 year fixed rates, December 16th 2015 30 year fixed rates, December 17th 2015 30 year fixed rates, December 18th 2015 30 year fixed rates, December 19th 2015 30 year fixed rates, December 20th 2015 30 year fixed rates.

WEEKLY RATE – Fed Likely Increasing Federal Funds Rate on Wednesday

 

WEEKLY RATE – Rate Markets Go Wild

WEEKLY RATE – Rate Markets Go Wild

December 2015

Last week was a heck of a rollercoaster ride for interest rate pricing.

The week started encouraging with the Mortgage Backed Security (MBS) market trading up +49 bps on Monday and Tuesday. Wednesday and Thursday marked the biggest 2 day rate increase in over 2 years with the MBS market trading down -84 bps.

Then Friday came with the Non Farm Payroll report. Job creation of 211,000 beat the estimates of 196,000 jobs. This would typically cause rates to increase but they actually improved on Friday – indicating that the market was oversold on Thursday.

The week only closed down – 10 bps and after that rollercoaster – interest rates are about the same as they started last week at.

Lots of volatility before the FED statement next week. I’m still recommending locking before the statement to likely increase the Federal Funds Rate.

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% – .70 points (4.13% APR),      4.125% – 0 points (4.15% APR)
20 year fixed:       3.75% – .82 points (3.91% APR),       4.0% – 0 points (4.05% APR)
15 year fixed:       3.25 % – .76 points (3.4% APR),        3.5% – 0 points (3.55% APR)
10 year fixed:        3.0% – .99 points (3.2% APR),        3.375% – 0 points (3.4% APR)
5/1 ARM:       3.375% – .96 points (3.56% APR),       4.0% – 0 points (4.03% APR)
7/1 ARM:       3.625% – .75 points (3.77% APR),       4.0% – 0 points (4.04% APR)
30 year fixed FHA:       3.625% – 1 point (4.52% APR),        3.75% – 0 points (4.45% APR)
15 year fixed FHA:       3.25% – .59 points (3.66% APR),        3.5% – 0 points (3.8% APR)
30 year fixed VA:        3.75% – .1 point (3.77% APR),        3.875% – 0 points (3.88% APR)

Today's Interest Rates - December 7th, 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. December 7th 2015 30 year fixed rates, December 8th 2015 30 year fixed rates, December 9th 2015 30 year fixed rates, December 10th 2015 30 year fixed rates, December 11th 2015 30 year fixed rates, December 12th 2015 30 year fixed rates, December 13th 2015 30 year fixed rates.

WEEKLY RATE – Rate Markets Go Wild