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.
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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 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
