WEEKLY RATE – Rates Slowly Rising as the Stock Market Rebounds
March 2016
Interest rate pricing has been slowly rising.
The stock market had one of it’s worst starts to a year ever in 2016. This pushes investors into safer bonds and mortgage backed securities which improves interest rate pricing.
This pushed rates to about 3 year lows in mid February.
Since then, the stock market has slowly started to improve and interest rate pricing is rising as a result.
Interest rate pricing is still just above 3 year lows and now is still a good time to lock. With that being said, rate pricing is definitely trending up at the moment.
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Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 3.625% – .98 points (3.82% APR), 3.875% – 0 points (3.9% APR)
20 year fixed: 3.5% – .84 points (3.66% APR), 3.75% – 0 points (3.78% APR)
15 year fixed: 2.875% – .94 points (3.06% APR), 3.125% – 0 points (3.13% APR)
10 year fixed: 2.75% – .81 points (2.91% APR), 3.0% – 0 points (3.03% APR)
5/1 ARM: 3.125% – .7 points (3.26% APR), 3.625% – 0 points (3.66% APR)
7/1 ARM: 3.25% – .85 points (3.42% APR), 3.625% – 0 points (3.66% APR)
30 year fixed FHA: 3.25% – .79 points (4.1% APR), 3.5% – 0 points (4.2% APR)
15 year fixed FHA: 2.75% – 1 point (3.25% APR), 3.0% – 0 points (3.3% APR)
30 year fixed VA: 3.25% – 1 point (3.45% APR), 3.5% – 0 points (3.55% 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. March 8th 2016 30 year fixed rates, March 9th 2016 30 year fixed rates, March 10th 2016 30 year fixed rates, March 11th 2016 30 year fixed rates, March 12th 2016 30 year fixed rates, March 13th 2016 30 year fixed rates, March 14th 2016 30 year fixed rates.
Weekly Rate – Rates Rising as The Stock Market Rebounds
