WEEKLY RATE – Interest Rates Go Down Amid Choppy Week
Rates were very choppy last week.
Interest rates saw some great improvement on Monday. Then they went up a lot on Tuesday and Wednesday. Then back down slowly Thursday through Tuesday of this week.
As the dust cleared, rate pricing improved slightly with volatility likely to continue.
There are a couple of events to round out the week that could have a big impact on rates. The FED will make an interest rate decision on Wednesday. Most market watchers don’t expect the FED to raise the Federal Funds Rate at this meeting.
On Friday, the US Non Farm Payroll and Unemployment percentage numbers will be released along with possible revisions to earlier estimates. This is usually one of the most significant reports in shaping rate pricing for the coming month.
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Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 4.125% – .8 points (4.29% APR), 4.375% – 0 points (4.4% APR)
20 year fixed: 4.0% – .4 points (4.08% APR), 4.125% – 0 points (4.16% APR)
15 year fixed: 3.375% – .85 points (3.55% APR), 3.625% – 0 points (3.66% APR)
10 year fixed: 3.25% – .77 points (3.38% APR), 3.625% – 0 points (3.67% APR)
5/1 ARM: 3.125% – .99 points (3.31% APR), 3.625% – 0 points (3.67% APR)
7/1 ARM: 3.375% – .77 points (3.51% APR), 3.75% – 0 points (3.79% APR)
30 year fixed FHA: 3.75% – .61 points (4.57% APR), 3.875% – 0 points (4.57% APR)
15 year fixed FHA: 3.5% – .74 points (3.65% APR), 3.75% – 0 points (3.78% APR)
30 year fixed VA: 3.75% – .86 points (3.92% APR), 4.0% – 0 points (4.05% 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 31st 2017 30 year fixed rates, February 1st 2017 30 year fixed rates, February 2nd 2017 30 year fixed rates, February 3rd 2017 30 year fixed rates, February 4th 2017 30 year fixed rates, February 5th 2017 30 year fixed rates, February 6th 2017 30 year fixed rates.
Weekly Rate – Rates Go Down Amid Choppy Week