WEEKLY RATE – Rates Improve After FED Statement
August 2016
Interest rate pricing moved up last week highlighted by the strong jobs report on Friday. Job creation in July came in at 255,000 jobs compared to a forecast 180,000 jobs. Wage growth also grew .3%. These stronger than expected numbers pushed the Mortgage Backed Security (MBS) market down and interest rate pricing up.
The MBS market closed the week trading down – 41 bps.
Although interest rate pricing is slightly higher today – interest rate pricing has stayed in a tight range for a month after Brexit with some small ups and downs along the way.
Still a great time to lock in at some of the lowest rates ever.
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Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 3.375% – .75 points (3.52% APR), 3.625% – 0 points (3.65% APR)
20 year fixed: 3.25% – .27 points (3.3% APR), 3.375% – 0 points (3.4% APR)
15 year fixed: 2.75% – .57 points (2.85% APR), 2.875% – 0 points (2.91% APR)
10 year fixed: 2.625% – .98 points (2.82% APR), 2.75% – 0 points (2.8% APR)
5/1 ARM: 2.875% – .81 points (3.03% APR), 3.25% – 0 points (3.28% APR)
7/1 ARM: 3.125% – .8 points (3.28% APR), 3.5% – 0 points (3.53% APR)
30 year fixed FHA: 3.125% – .75 pts (3.97% APR), 3.25% – 0 points (3.95% APR)
15 year fixed FHA: 2.75% – .36 points (3.12% APR), 2.875% – 0 points (3.17% APR)
30 year fixed VA: 3.125% – .99 points (3.32% 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. August 9th 2016 30 year fixed rates, August 10th 2016 30 year fixed rates, August 11th 2016 30 year fixed rates, August 12th 30 year fixed rates, August 13th 2016 30 year fixed rates, August 14th 2016 30 year fixed rates, August 15th 2016 30 year fixed rates.
WEEKLY RATE – RATES MOVE UP AFTER FRIDAY’S STRONG JOBS REPORT
