Month: January 2016

WEEKLY RATE – Interest Rates Slightly Improve after FED Announcement

WEEKLY RATE – Interest Rates Slightly Improve after FED announcement

January 2016

The stock and oil markets have shown a ton of volatility over the past 2 weeks, but rates have remained relatively stable – improving slightly over that period of time.

Last week the Mortgage Backed Security (MBS) market finished trading slightly down -4 bps.  So far this week, the MBS market has made some nice gains trading up +34 bps through Wednesday.

The FED statement came out on Wednesday and they will not raise the Federal Funds rates right now.  They site positive labor growth, but economic growth has slowed.  The FED anticipated they would raise the funds rate 4 times in 2016, but that no longer seems realistic with the unrest in the markets.  Most experts don’t believe the FED will raise the Funds rate at their March meeting either. 

With the stock and oil markets showing some signs of improvement, now is a good time to lock.  Rates are sitting at or near 7 month lows and I don’t see a ton of improvement from where they are now. 

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:       3.75% – .88 points (3.93% APR),       3.99% – 0 points (4.03% APR)

20 year fixed:       3.5% – .81 points (3.66% APR),        3.75% – 0 points (3.77% APR)

15 year fixed:        2.99% – .99 points (3.19% APR),        3.25% – 0 points (3.28% APR)

10 year fixed:        2.875% – .65 points (3.01 % APR),        3.125% – 0 points (3.16% APR)

5/1 ARM:        3.0% – 1 point (3.2% APR),         3.5% – 0 points (3.54% APR)

7/1 ARM:       3.25% – .95 points (3.43% APR),        3.625% – 0 points (3.67% APR)

30 year fixed FHA:        3.375% – .95 points (4.26% APR),      3.625% – 0 points (4.32% APR)

15 year fixed FHA:        2.875% – 1 point (3.375% APR),      3.125% – 0 points (3.42% APR)

30 year fixed VA:        3.5% – .69 points (3.64% APR),      3.75% – 0 points (3.77% APR)

Today's Interest Rates - January 28th, 2016

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.  January 28th 2016 30 year fixed rates, January 29th 2016 30 year fixed rates, January 30th 2016 30 year fixed rates, January 31st 2016 30 year fixed rates, February 1st 2016 30 year fixed rates, February 2nd 2016 30 year fixed rates, February 3rd 2015 30 year fixed rates.

WEEKLY RATE – Interest Rates Slightly Improve after FED Announcement

Interest Rates Approach 6-7 Month Lows

WEEKLY RATE – Interest Rates Approach 6-7 Month Lows

January 2016

Interest rates continued to improve last week with the shakiness in the stock and oil markets, and investors seeking safety in bonds and treasuries.  The Mortgage Backed Security (MBS) market closed last week + 46 bps, pushing rate pricing to close to the lowest levels we’ve seen in 6-7 months. 

With the recent rate improvement and concerns over the global economy, there could be another refinance boom coming as borrowers look to take advantage of the lower rates before they go up for good. 

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:       3.75% – 1 point (3.95% APR),       3.99% – 0 points (4.04% APR)

20 year fixed:       3.5% – .98 points (3.69% APR),        3.75% – 0 points (3.77% APR)

15 year fixed:        2.99% – .99 points (3.19% APR),        3.25% – 0 points (3.28% APR)

10 year fixed:        2.875% – .96 points (3.07 % APR),        3.125% – 0 points (3.16% APR)

5/1 ARM:        3.0% – 1 point (3.2% APR),         3.5% – 0 points (3.54% APR)

7/1 ARM:       3.25% – .88 points (3.43% APR),        3.625% – 0 points (3.67% APR)

30 year fixed FHA:        3.5% – .98 points (4.4% APR),      3.75% – 0 points (4.45% APR)

15 year fixed FHA:        2.875% – 1 point (3.37% APR),      3.125% – 0 points (3.42% APR)

30 year fixed VA:        3.5% – .69 points (3.62% APR),      3.75% – 0 points (3.77% APR)

Today's Interest Rates - January 19th, 2016

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.  January 19th 2016 30 year fixed rates, January 20th 2016 30 year fixed rates, January 21st 2016 30 year fixed rates, January 22nd 2016 30 year fixed rates, January 23rd 2016 30 year fixed rates, January 24th 2016 30 year fixed rates, January 25th 2015 30 year fixed rates.

Interest Rates Approach 6-7 month Lows.

WEEKLY RATE – Interest Rates Improve to 2 Month Lows

WEEKLY RATE – Interest Rates Improve to 2 Month Lows

January 2016

Interest rates have continued their recent improvement with investors flocking to safe investments like treasuries and mortgage backed securities due a falling stock market and falling oil prices.

On Friday, The US Non Farm Payroll report was released and blew away all estimates with 292,000 jobs created with prior projections expecting 200,000 jobs created.

This would normally cause interest rates to rise but recently there has been some disconnection between interest rates and economic date. 

The Mortgage Backed Security (MBS) market closed last week up + 65 bps last week and is trading up + 29 bps this week.  This improvement has pushed rates to their lowest levels in over 2 months. 

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% – .52 points (4.09% APR),       4.125% – 0 points (4.15% APR)

20 year fixed:       3.75% – .48 points (3.85% APR),        3.875% – 0 points (3.9% APR)

15 year fixed:        3.125 % – 1 point (3.32% APR),        3.375% – 0 points (3.4% APR)

10 year fixed:        3.0% – .96 points (3.19% APR),        3.25% – 0 points (3.29% APR)

5/1 ARM:        3.375% – .9 points (3.55% APR),         3.875% – 0 points (3.92% APR)

7/1 ARM:       3.375% – .91 points (3.56% APR),        3.875% – 0 points (3.92% APR)

30 year fixed FHA:        3.5% – .75 points (4.35% APR),      3.75% – 0 points (4.45% APR)

15 year fixed FHA:        3.0% – .92 points (3.48% APR),      3.25% – 0 points (3.55% APR)

30 year fixed VA:        3.5% – 1 point (3.7% APR),      3.75% – 0 points (3.77% APR)

Today's Interest Rates - January 12th, 2016

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.  January 12th 2016 30 year fixed rates, January 13th 2016 30 year fixed rates, January 14th 2016 30 year fixed rates, January 15th 2016 30 year fixed rates, January 16th 2016 30 year fixed rates, January 17th 2016 30 year fixed rates, January 18th 2015 30 year fixed rates.

Interest Rates Improve to 2 Month Lows