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.

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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 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.