WEEKLY RATE – Interest Rates See Improvement / Conventional Loan Limits Rise
After a rough few weeks, we are finally seeing some interest rate improvement partially due to worries over oil prices.
The Mortgage Backed Security (MBS) market is trading up + 61 bps this week.
Not a huge improvement and I don’t expect much more, but anything is welcome after rates went up .5% in rapid fashion.
We have a big week this week with the Unemployment report and US Non Farm Jobs report coming out on Friday. December is also the month the FED will meet and decide on a possible rate change.
Rates will likely continue to be very volatile with the new data coming out.
Conventional loan limits are being raised on December 2nd from $417,000 to $424,100. This is the first change since 2006. Some higher priced areas will continue to after high balance conventional loans above that.
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Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 3.99% – .9 points (4.18% APR), 4.25% – 0 points (4.28% APR)
20 year fixed: 3.875% – .89 points (4.05% APR), 4.0% – 0 points (4.07% APR)
15 year fixed: 3.25% – .98 points (3.44% APR), 3.5% – 0 points (3.53% APR)
10 year fixed: 3.25% – .35 points (3.31% APR), 3.375% – 0 points (3.4% APR)
5/1 ARM: 3.375% – 1 point (3.57% APR), 3.875% – 0 points (3.9% APR)
7/1 ARM: 3.625% – .79 points (3.79% APR), 4.0% – 0 points (4.05% APR)
30 year fixed FHA: 3.625% – .87 points (4.49% APR), 3.75% – 0 points (4.45% APR)
15 year fixed FHA: 3.375% – .71 points (3.82% APR), 3.625% – 0 points (3.92% APR)
30 year fixed VA: 3.75% – .41 points (3.85% APR), 3.875% – 0 points (3.9% 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. November 29th 2016 30 year fixed rates, November 30th 2016 30 year fixed rates, December 1st 2016 30 year fixed rates, December 2nd 30 year fixed rates, December 3rd 2016 30 year fixed rates, December 4th 2016 30 year fixed rates, December 5th 2016 30 year fixed rates.
WEEKLY RATE – Interest Rates See Improvement / Conventional Loan Limits Rise
