WEEKLY RATE – Rates Slowly Moving Higher Before Fed Policy Statement on Wednesday
April 2016
Interest rates slowly moved higher last week with the Mortgage Backed Security (MBS) market closing the week down 4 of 5 days and also closing down this Monday.
The Mortgage Backed Security (MBS) now has moved down -64 Bps over the past 5 business days signifying we are definitely in a rising rate environment.
The Federal Open Market Committee (FOMC) is meeting Tuesday with a FED policy statement on Wednesday. The possibility of a Federal Funds rate movement higher is on the table, but may not be at this meeting with low expected GDP growth in the first quarter of 2016.
I’m still recommending locking at this point in time.
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Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 3.625% – 1 points (3.82% APR), 3.75% – 0 points (3.78% APR)
20 year fixed: 3.5% – .64 points (3.63% APR), 3.625% – 0 points (3.65% APR)
15 year fixed: 2.875% – .64 points (2.99% APR), 3.125% – 0 points (3.15% APR)
10 year fixed: 2.75% – .57 points (2.86% APR), 3.0% – 0 points (3.05% APR)
5/1 ARM: 2.875% – 1 point (3.07% APR), 3.25% – 0 points (3.29% APR)
7/1 ARM: 3.125% – .82 points (3.28% APR), 3.375% – 0 points (3.41% APR)
30 year fixed FHA: 3.25% – .58 points (4.06% APR), 3.375% – 0 points (4.07%APR)
15 year fixed FHA: 2.875% – .67 points (3.3% APR), 3.125% – 0 points (3.42% APR)
30 year fixed VA: 3.25% – .83 points (3.36% APR), 3.5% – 0 points (3.53% 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 25th 2016 30 year fixed rates, April 26th 2016 30 year fixed rates, April 27th 2016 30 year fixed rates, April 28th 2016 30 year fixed rates, April 29th 2016 30 year fixed rates, April 30th 2016 30 year fixed rates, May 1st 2016 30 year fixed rates.
WEEKLY RATE – Rates Slowly Moving Higher Before Fed Policy Statement on Wednesday
