WEEKLY RATE – Interest Rates Hit 6 Week Lows
April 2016
Interest rates improved to 6 week lows after the US Non Farm Payroll report on Friday.
Rate pricing had steadily improved throughout the week spurned by FED Chief Janet Yellen’s statements on Tuesday.
On Friday, when job creation met expectations, lenders repriced significantly lower.
The Mortgage Backed Security (MBS) market closed the week + 94 bps and rates hit their lowest levels in over a month. Great time to lock in a rate.
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Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 3.5% – 1 points (3.7% APR), 3.75% – 0 points (3.78% APR)
20 year fixed: 3.375% – .73 points (3.52% APR), 3.5% – 0 points (3.55% APR)
15 year fixed: 2.75% – 1 point (2.95% APR), 2.99% – 0 points (3.04% APR)
10 year fixed: 2.625% – .94 points (2.81% APR), 2.875% – 0 points (2.91% APR)
5/1 ARM: 2.75% – 1 point (2.95% APR), 3.125% – 0 points (3.13% APR)
7/1 ARM: 3% – .98 points (3.2% APR), 3.375% – 0 points (3.41% APR)
30 year fixed FHA: 3.25% – 0 points (3.95% APR)
15 year fixed FHA: 2.75% – .85 points (3.22% APR), 3.0% – 0 points (3.3% APR)
30 year fixed VA: 3.25% – .28 points (3.3% APR), 3.375% – 0 points (3.4% 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. April 4th 2016 30 year fixed rates, April 5th 2016 30 year fixed rates, April 6th 2016 30 year fixed rates, April 7th 2016 30 year fixed rates, April 8th 2016 30 year fixed rates, April 9th 2016 30 year fixed rates, April 10th 2016 30 year fixed rates.
Interest Rates Hit 6 Week Lows
