Month: June 2016

WEEKLY RATE – Rates Hit Historic Lows with the UK leaving the European Union

WEEKLY RATE – Rates Hit Historic Lows with the UK leaving the European Union

June 2016

The news of the UK leaving the European Union sent the stock market way down and bonds and mortgage backed securities way up – resulting in Interest Rates hitting historic lows in line with the lowest mortgage rates ever.

Now is a great opportunity to lock in and take advantage of these historically low rates.

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:       3.375% – 1 point (3.53% APR),       3.625% – 0 points (3.63% APR)

20 year fixed:       3.25% – .44 points (3.34% APR),        3.375% – 0 points (3.38% APR)

15 year fixed:        2.75% –  .72 points (2.9% APR),        2.99% – 0 points (3.02% APR)

10 year fixed:        2.5% – 1 point (2.7% APR),        2.75% – 0 points (2.80% APR)

5/1 ARM:        2.75% – .79 points (2.91% APR),         3.125% – 0 points (3.15% APR)

7/1 ARM:       2.875% – .89 points (3.04% APR),        3.125% – 0 points (3.19% APR)

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

15 year fixed FHA:        2.75% – .5 points (3.15% APR),      2.875% – 0 points (3.17% APR)

30 year fixed VA:        3.25% – 0 points (3.3% 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.  June 27th 2016 30 year fixed rates, June 28th 2016 30 year fixed rates, June 29th 2016 30 year fixed rates, June 30th 2016 30 year fixed rates, July 1st 2016 30 year fixed rates, July 2nd 2016 30 year fixed rates, July 3rd 2016 30 year fixed rates.

WEEKLY RATE – Rates Hit Historic Lows with the UK leaving the European Union

WEEKLY RATE – Rates Improve after FED statement, Lowest Rates in Over 3 Years

WEEKLY RATE – Rates Improve after FED statement, Lowest Rates in Over 3 Years

June 2016

Interest rates continued to improve with momentum from the lower than expected job report and the FED statement on Wednesday.

The FED’s Federal Open Market Committee (FOMC) will not raise rates and downgraded growth forecasts.  Now it looks as though we may not see another FED rate increase in 2016. 

Rates are now well over 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% – .22 points (3.55% APR),       3.625% – 0 points (3.64% APR)

20 year fixed:       3.25% – .51 points (3.35% APR),        3.375% – 0 points (3.4% APR)

15 year fixed:        2.625% – 1 point (2.82% APR),        2.875% – 0 points (2.91% APR)

10 year fixed:        2.5% – 1 point (2.7% APR),        2.75% – 0 points (2.81% APR)

5/1 ARM:        2.75% – .8 points (2.91% APR),         3.125% – 0 points (3.15% APR)

7/1 ARM:       2.875% – .85 points (3.04% APR),        3.125% – 0 points (3.19% APR)

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

15 year fixed FHA:        2.75% – .27 points (3.1% APR),      2.875% – 0 points (3.17% APR)

30 year fixed VA:        3.25% – 0 points (3.3% APR)

Today's Interest Rates - June 16th 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.  June 16th 2016 30 year fixed rates, June 17th 2016 30 year fixed rates, June 18th 2016 30 year fixed rates, June 19th 2016 30 year fixed rates, June 20th 2016 30 year fixed rates, June 21st 2016 30 year fixed rates, June 22nd 2016 30 year fixed rates.

WEEKLY RATE – Rates Improve after FED statement, Lowest Rates In Over 3 Years

WEEKLY RATE – Rates Improve After Week Jobs Report

WEEKLY RATE – Rates Improve After Weak Job Report

June 2016

Interest rates improved last week, culminating at their lowest levels on Friday afternoon after a much weaker jobs report than expected was released.

On the week, the Mortgage Backed Security (MBS) market closed up + 67 bps, with most of that positive gain (+43 bps) taking place after the jobs report.

The job creation numbers were much lower than expected, causing some analysts to change their opinion on the FED again raising the Federal Funds rate.

Even with this improvement, mortgage interest rates have traded in a pretty narrow margin for months.  Friday’s improvement push 30 year fixed rates backed down to 3.5% (3.65% APR) for a portion of a point.

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% – .75 point (3.65% APR),       3.625% – 0 points (3.66% APR)

20 year fixed:       3.25% – 1 point (3.45% APR),        3.5% – 0 points (3.53% APR)

15 year fixed:        2.75% – .87 points (2.92% APR),        2.99% – 0 points (3.04% APR)

10 year fixed:        2.625% – .89 points (2.81% APR),        2.875% – 0 points (2.91% APR)

5/1 ARM:        2.875% – .7 points (3.01% APR),         3.125% – 0 points (3.15% APR)

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

30 year fixed FHA:        3.25% – .13 points (3.97% APR),     3.375% – 0 points (4.075% APR)

15 year fixed FHA:        2.75% – .7 points (3.19% APR),      3.0% – 0 points (3.3% APR)

30 year fixed VA:        3.25% – .38 points (3.32% APR),      3.375% – 0 points (3.4% APR)
Today's Interest Rates - June 7th 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.  June 7th 2016 30 year fixed rates, June 8th 2016 30 year fixed rates, June 9th 2016 30 year fixed rates, June 10th 2016 30 year fixed rates, June 11th 2016 30 year fixed rates, June 12th 2016 30 year fixed rates, June 13th 2016 30 year fixed rates.

WEEKLY RATE – Rates Improve After Week Jobs Report