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. 

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Below are today’s interest rates.  Have a great week!!


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

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