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.
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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 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.
