WEEKLY RATE – Rates Rise, Most Expect the FED to Raise Rates In June or July

WEEKLY RATE – Rates Rise, Most Expect the FED to Raise Rates In June or July

May 2016

Interest rates started off last week with some tough sledding but since then have improved some.

The Mortgage Backed Security (MBS) market closed the week trading down -53 bps.  Monday through Wednesday all had big losses but the market rebounded slightly on Thursday and Friday. 

Many FED officials are commentating that the Fed will likely increase rates in June or July of 2016.  At this point in almost seems a foregone conclusion.  Most analysts I watch expect mortgage interest rates to rise in the coming months as well.

For a free email mortgage quote, please answer questions on the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:       3.625% – .41 points (3.71% APR),       3.75% – 0 points (3.8% APR)

20 year fixed:       3.375% – .72 points (3.52% APR),        3.5% – 0 points (3.57% APR)

15 year fixed:        2.875% – .62 points (2.99% APR),        3.125% – 0 points (3.16% APR)

10 year fixed:        2.75% – .48 points (2.85% APR),        2.875% – 0 points (2.91% APR)

5/1 ARM:        2.875% – 1 point (3.07% APR),         3.375% – 0 points (3.42% APR)

7/1 ARM:       3.125% – .87 points (3.3% APR),        3.375% – 0 points (3.41% APR)

30 year fixed FHA:        3.25% – .47 points (4.035% APR),     3.375% = 0 points (4.075% 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% – .72 points (3.39% APR),      3.5% – 0 points (3.53% APR)

Today's Interest Rates - May 24th 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.  May 24th 2016 30 year fixed rates, May 25th 2016 30 year fixed rates, May 26th 2016 30 year fixed rates, May 27th 2016 30 year fixed rates, May 28th 2016 30 year fixed rates, May 29th 2016 30 year fixed rates, May 30th 2016 30 year fixed rates.

WEEKLY RATE – Rates Rise, Most Expect the FED to Raise Rates In June or July

WEEKLY RATE – Rates Continue in Holding Pattern

WEEKLY RATE – Rates Continue in Holding Pattern

May 2016

Interest rates continued to be “Steady Eddie” last week.

The Mortgage Backed Security (MBS) market closed the week trading up + 16 bps. This is the second week in a row where the MBS market hasn’t had much movement – keeping rates in the same narrow range.

Oil prices moving higher have put some pressure on interest rates to rise but the 25 day MBS average has provided a safety net and continues to help the MBS from a large movement down.

For a free email mortgage quote, please answer questions on the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:       3.5% – .85 points (3.67% APR),       3.75% – 0 points (3.78% APR)

20 year fixed:       3.375% – .56 points (3.47% APR),        3.5% – 0 points (3.55% APR)

15 year fixed:       2.75% – .77 points (2.91% APR),        2.99% – 0 points (3.02% APR)

10 year fixed:        2.625% – .74 points (2.77% APR),        2.875% – 0 points (2.9% APR)

5/1 ARM:       2.875% – .78 points (3.03% APR),        3.25% – 0 points (3.29% APR)

7/1 ARM:         3.0% – .85 points (3.17% APR),         3.25% – 0 points (3.29% APR)

30 year fixed FHA:         3.25% – 0 points (3.95% APR)

15 year fixed FHA:         2.75% – .61 points (3.17% APR),         3.0% – 0 points (3.3% APR)

30 year fixed VA:         3.25% – .37 points (3.32% APR),         3.375% – 0 points (3.4% APR)

Today's Interest Rates - May 17th 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. May 17th 2016 30 year fixed rates, May 18th 2016 30 year fixed rates, May 19th 2016 30 year fixed rates, May 20th 2016 30 year fixed rates, May 21st 2016 30 year fixed rates, May 22nd 2016 30 year fixed rates, May 23rd 2016 30 year fixed rates.

Weekly Rate – Rates Continue in Holding Pattern

WEEKLY RATE – Rates Holding At 3 Year Lows

WEEKLY RATE – Rates Holding At 3 Year Lows

May 2016

Interest rates had another good week with the Mortgage Backed Security (MBS) market closing the week trading up + 34 bps.

Interest rates are right at or near 3 year lows.  May 2013 is when rates spiked drastically after news that the FED would slow their asset purchasing which was artificially keeping rates low.

Right now rates are great, but there is a lot of uncertainty in the market that will eventually cause a movement.  A weakening dollar, fluctuation in oil prices, uncertainty in regards to the FED changing the Federal Funds rate, concern regarding the global economy.

I still believe in locking right now and taking advantage of the 3 year lows.

For a free email mortgage quote, please answer questions on the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:       3.5% – .88 points (3.67% APR),       3.625% – 0 points (3.7% APR)

20 year fixed:       3.375% – .51 points (3.47% APR),        3.5% – 0 points (3.55% APR)

15 year fixed:        2.75% – .78 points (2.9% APR),        2.99% – 0 points (3.02% APR)

10 year fixed:        2.625% – .74 points (2.77% APR),        2.875% – 0 points (2.89% APR)

5/1 ARM:        2.75% – .97 points (2.94% APR),         3.125% – 0 points (3.14% APR)

7/1 ARM:       3.0% – .76 points (3.15% APR),        3.25% – 0 points (3.29% APR)

30 year fixed FHA:        3.25% – 0 points (3.95% APR)

 15 year fixed FHA:        2.75% – .73 points (3.19% APR),      3.0% – 0 points (3.3% APR)

30 year fixed VA:        3.25% – .31 points (3.32% APR),      3.375% – 0 points (3.4% APR)

Today's Interest Rates - May 10th 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.  May 10th 2016 30 year fixed rates, May 11th 2016 30 year fixed rates, May 12th 2016 30 year fixed rates, May 13th 2016 30 year fixed rates, May 14th 2016 30 year fixed rates, May 15th 2016 30 year fixed rates, May 16th 2016 30 year fixed rates.

Weekly Rate – Rates Holding at 3 Year Lows

Weekly Rate – Rates Improve Last Week, US Employment Report on Friday

WEEKLY RATE – Rates Improve Last Week, US Employment Report on Friday

May 2016

Happy May!!

Interest rates moved slightly lower last week with the Mortgage Backed Security (MBS) market trading up 3 of the 5 days and closing up +41 bps.

The FED didn’t raise rates on Wednesday and most don’t expect them to until Fall.  Overall rates are slightly better, but still in the same small range they’ve been in since February.

Friday is the US Non Farm Payroll report which is the biggest indicator of where rates will head in May.

For a free email mortgage quote, please answer questions on the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:       3.625% – .43 points (3.71% APR),       3.75% – 0 points (3.78% APR)

20 year fixed:       3.375% – 1 point (3.57% APR),        3.625% – 0 points (3.64% APR)

15 year fixed:        2.875% – .53 points (2.98% APR),        2.99% – 0 points (3.05% APR)

10 year fixed:        2.625% – 1 point (2.83% APR),        2.875% – 0 points (2.92% APR)

5/1 ARM:        2.875% – .78 points (3.03% APR),         3.125% – 0 points (3.17% APR)

7/1 ARM:       3.0% – .97 points (3.2% APR),        3.375% – 0 points (3.41% APR)

30 year fixed FHA:        3.25% – .35 points (4.02% APR),      3.375% – 0 points (4.04%APR)

15 year fixed FHA:        2.75% – 1 point (3.27% APR),      3.125% – 0 points (3.42% APR)

30 year fixed VA:        3.25% – .60 points (3.37% APR),      3.375% – 0 points (3.41% APR)

Today's Interest Rates - May 2nd 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.  May 2nd 2016 30 year fixed rates, May 3rd 2016 30 year fixed rates, May 4th 2016 30 year fixed rates, May 5th 2016 30 year fixed rates, May 6th 2016 30 year fixed rates, May 7th 2016 30 year fixed rates, May 8th 2016 30 year fixed rates.

Weekly Rate – Rates Improve Last Week, US Employment Report on Friday

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