WEEKLY RATE – Rates Improve Slightly
Interest rate pricing improved slightly last week and so far this week. Overall, pricing is about .25 point lower on costs at each rate.
The Mortgage Backed Security Market (MBS) traded much higher on Thursday (+53 bps), but the market took a hit on Friday when the December US Non Farm Payroll report was released. Although job creation didn’t meet expectations (this typically helps rates), the November job creation numbers were revised higher and the MBS market traded down -27 bps.
On the week, the MBS market closed up + 12 bps and closed this Monday up + 6 bps. (good for rates)
So we did see some modest rate pricing improvement. Long Term outlook is still that rates will slowly move higher.
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Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 4.125% – .5 points (4.22% APR), 4.25% – 0 points (4.29% APR)
20 year fixed: 3.875% – .39 points (3.95% APR), 4.0% – 0 points (4.03% APR)
15 year fixed: 3.375% – .69 points (3.51% APR), 3.625% – 0 points (3.67% APR)
10 year fixed: 3.125% – 1 point (3.32% APR), 3.375% – 0 points (3.4% APR)
5/1 ARM: 3.25% – .82 points (3.41% APR), 3.625% – 0 points (3.67% APR)
7/1 ARM: 3.375% – .26 points (3.43% APR), 3.75% – 0 points (3.8% APR)
30 year fixed FHA: 3.75% – .26 points (4.5% APR), 3.875% – 0 points (4.57% APR)
15 year fixed FHA: 3.375% – .93 points (3.86% APR), 3.625% – 0 points (3.92% APR)
30 year fixed VA: 3.75% – .51 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. January 9th 2016 30 year fixed rates, January 10th 2016 30 year fixed rates, January 11th 2016 30 year fixed rates, January 12th 30 year fixed rates, January 13th 2016 30 year fixed rates, January 14th 2016 30 year fixed rates, January 15th 2016 30 year fixed rates.
WEEKLY RATE – Rates Improve Slightly
