WEEKLY RATE – Rates Match Lowest Rates Ever, Then Move Up a Bit

July 2016

Brexit caused the stock market to go way down and interest rates to improve dramatically with investors selling stocks and seeking the safety of bonds.

As is often the case, the market over reacted and the stock market eventually rebounded.  Just today the DOW hit it’s highest closing ever. 

Rates matched the lowest rates I’ve ever seen on Tuesday of last week, but after that, they have moved up some.  Rates are still great but not quite at the lowest levels ever.

The Mortgage Backed Security (MBS) market closed last week trading up + 39 bps but this week is trading down -31 bps.

I still recommend locking as I think rates could continue to slowly move up.

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

TODAY’S INTEREST RATES:

30 year fixed:       3.375% – .86 points (3.53% APR),       3.625% – 0 points (3.63% APR)

20 year fixed:       3.25% – .57 points (3.36% APR),        3.375% – 0 points (3.39% 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 (2.79% APR)

5/1 ARM:        2.875% – .93 points (3.08% APR),         3.375% – 0 points (3.4% APR)

7/1 ARM:       3.0% – .9 points (3.19% APR),        3.375% – 0 points (3.41% APR)

30 year fixed FHA:        3.0% – 1 pt (3.9% APR),     3.25% – 0 points (3.95% APR)

15 year fixed FHA:        2.75% – .4 points (3.15% APR),      2.875% – 0 points (3.17% APR)

30 year fixed VA:        3.125% – .95 pts (3.375% APR),     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.  July 12th 2016 30 year fixed rates, July 13th 2016 30 year fixed rates, July 14th 2016 30 year fixed rates, July 15th 2016 30 year fixed rates, July 16th 2016 30 year fixed rates, July 17th 2016 30 year fixed rates, July 18th 2016 30 year fixed rates.

Rates Match Lowest Rates Ever, Then Move Up A Bit