WEEKLY RATE – RATES REMAIN ON HIGH END OF NARROW RANGE

WEEKLY RATE – Rates Remain on High End of Narrow Range

Interest rates are starting to stick at the high end of the range they have been in for 4 months.

Rates right now are at their highest levels since June, but the rates are only about .125% higher than they have been.

Expect rates to continue to stay in the same narrow range until December when the FED has their next policy meeting to decide on Federal Funds Rate and also the European Central Bank is scheduled to decide on the future of their bond buying program.

I don’t expect the Presidential election to affect rates that much.

Most traders are in a wait and see mode until December.  I don’t see rates fluctuating to much until then.  That being said, I do think rates will go up in December.

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% – .53 points (3.61% APR),       3.625% – 0 points (3.65% APR)

20 year fixed:       3.25% – .64 points (3.36% APR),     3.375% – 0 points (3.4% APR)

15 year fixed:        2.75% –  1 point (2.95% APR),        2.99% – 0 points (3.03% APR)

10 year fixed:        2.75% – .52 points (2.85% APR),      3.0% – 0 points (3.03% APR)

5/1 ARM:        3.125% – .99 points (3.32% APR)

7/1 ARM:       3.25% – .99 points (3.45% APR)

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

15 year fixed FHA:        2.75% – .76 points (3.2% APR),      3.0% – 0 points (3.3% APR)

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

todays-interest-rates-october-25th-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.  October 25th 2016 30 year fixed rates, October 26th 2016 30 year fixed rates, October 27th 2016 30 year fixed rates, October 28th 30 year fixed rates, October 29th 2016 30 year fixed rates, October 30th 2016 30 year fixed rates, October 31st 2016 30 year fixed rates.

Weekly Rate – Rates Remain at High End of Narrow Range.

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WEEKLY RATE – Rates Rising / Recommend Locking

WEEKLY RATE – Rates Rising / Recommend Locking

Interest rates have steadily been rising with expectations that Europe will taper their bond purchasing program which the United States FED did some time ago.

The Mortgage Backed Security Market (MBS) closed last week trading down – 43 bps, pushing interest rate pricing to the highest levels post Brexit or since the end of June.

With this being said, rates are still great but they are slightly higher than they have been and there is pressure for them to move higher with more expectations that the FED will increase the Federal Fund rate in December with another positive job growth month in September.

With the pressure on mortgage backed securities, the safe bet is to lock. 

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 (3.57% APR),       3.625% – 0 points (3.65% APR)

20 year fixed:       3.125% – 1 point (3.32% APR),     3.375% – 0 points (3.4% APR)

15 year fixed:        2.75% –  .95 points (2.94% APR),        2.99% – 0 points (3.03% APR)

10 year fixed:        2.75% – .56 points (2.85% APR),      3.0% – 0 points (3.03% APR)

5/1 ARM:        3.25% – .90 points (3.41% APR)

7/1 ARM:       3.375% – .96 points (3.56% APR)

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

15 year fixed FHA:        2.75% – .83 points (3.21% APR),      3.0% – 0 points (3.3% APR)

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

todays-interest-rates-october-11th-2016-pub

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.  October 11th 2016 30 year fixed rates, October 12th 2016 30 year fixed rates, October 13th 2016 30 year fixed rates, October 14th 30 year fixed rates, October 15th 2016 30 year fixed rates, October 16th 2016 30 year fixed rates, October 17th 2016 30 year fixed rates.

WEEKLY RATE – Rates Rising / Recommend Locking

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