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.

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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

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