WEEKLY RATE – Rates Improve After FED statement

WEEKLY RATE – Rates Improve After FED Statement

August 2016

Happy August!!

Interest rate pricing had a great week last week with the Mortgage Backed Security (MBS) market closing higher the last 4 days of the week and closing the week trading up + 57 bps.

The FED’s statement that they would not raise rates nor had a timetable for a rate change certainly helped rates push lower along with Q2 GDP numbers coming well below expectations.  Rate pricing is back down to it’s recent lows before a week filled with economic data this week.

There are a bunch of important economic indicator reports this week capped by the July US Non Farm Payroll report on Friday.

Interest rates are at a 2 week lows but some experts think there is still room for improvement with stocks selling at higher prices than economic data would suggest. 

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% – .43 points (3.47% APR),       3.5% – 0 points (3.55% APR)

20 year fixed:       3.25% – 0 points (3.29% APR)

15 year fixed:        2.625% –  .99 points (2.82% APR),        2.875% – 0 points (2.91% APR)

10 year fixed:        2.625% – .7 points (2.77% APR),        2.75% – 0 points (2.79% APR)

5/1 ARM:        2.875% – .46 points (2.98% APR),         3.125% – 0 points (3.2% APR)

7/1 ARM:       3.0% – .78 points (3.16% APR),        3.25% – 0 points (3.29% APR)

30 year fixed FHA:        3.0% – .755 pts (3.85% APR),     3.25% – 0 points (3.95% APR)

15 year fixed FHA:        2.75% – .28 points (3.1% APR),      2.875% – 0 points (3.17% APR)

30 year fixed VA:        3.0% – 1 point (3.2% APR),     3.25% – 0 points (3.3% APR)

Today's Interest Rates - Aug 1st 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.  August 1st 2016 30 year fixed rates, August 2nd 2016 30 year fixed rates, August 3rd 2016 30 year fixed rates, August 4th 30 year fixed rates, August 5th 2016 30 year fixed rates, August 6th 2016 30 year fixed rates, August 7th 2016 30 year fixed rates.

Weekly Rate – Rates Improve After FED Statement

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