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.
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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 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
