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. 

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


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)


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