WEEKLY RATE – Rates Improve Last Week with Fed Comments
March 2016
Interest rate pricing moderately improved last week bolstered by comments from the FED.
The Mortgage Backed Security (MBS) market closed last week up + 59 bps. This has kept interest rate pricing in the 3.75%-3.875% range.
The FED stated last week that they anticipated the Federal Funds rate to move to about .8% by the end of 2016 versus an initial projection of 1.4%.
Even with the improvement, rate pricing hasn’t been able to go back to 3.625% without significant costs. I don’t see much reward in floating a rate.
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Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 3.75% – .30 points (3.81% APR), 3.875% – 0 points (3.9% APR)
20 year fixed: 3.5% – .82 points (3.66% APR), 3.75% – 0 points (3.78% APR)
15 year fixed: 2.875% – .96 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: 3.0% – .84 points (3.16% APR), 3.375% – 0 points (3.4% APR)
7/1 ARM: 3.125% – 1 point (3.32% APR), 3.5% – 0 points (3.54% 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 22nd 2016 30 year fixed rates, March 23rd 2016 30 year fixed rates, March 24th 2016 30 year fixed rates, March 25th 2016 30 year fixed rates, March 26th 2016 30 year fixed rates, March 27th 2016 30 year fixed rates, March 28th 2016 30 year fixed rates.
Rates Improve Last Week with FED Comments
