WEEKLY RATE – Interest Rates Hit 2 Week Lows
Interest rates improved moderately last week and had a great day on Monday.
The Mortgage Backed Security (MBS) market closed last week trading up + 10 bps. The FED did not raise the Federal Funds rate. That being said a FED member did say they may raise rates at their March meeting. In the US Non Farm Payroll report, the job creation numbers were good but wages were not.
On Monday, rates hit 2 week lows with the MBS market trading way up , + 35 bps on the day.
Rates are still trading in a narrow channel and have remained that way for a month plus. I expect that to continue.
I do not see rates dropping without something significant happening in the market. I expect rates to stay in the same area until the FED raises rates again. Then I expect rates to rise.
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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: 3.875% – .94 points (4.08% APR), 4.125% – 0 points (4.17% APR)
15 year fixed: 3.375% – .73 points (3.52% APR), 3.625% – 0 points (3.66% APR)
10 year fixed: 3.25% – .59 points (3.36% APR), 3.5% – 0 points (3.52% APR)
5/1 ARM: 3.125% – .84 points (3.29% APR), 3.5% – 0 points (3.55% APR)
7/1 ARM: 3.25% – .92 points (3.4% APR), 3.625% – 0 points (3.7% APR)
30 year fixed FHA: 3.75% – .54 points (4.55% APR), 3.875% – 0 points (4.57% APR)
15 year fixed FHA: 3.375% – .99 points (3.87% APR), 3.75% – 0 points (4.05% APR)
30 year fixed VA: 3.75% – .79 points (3.91% APR), 4.0% – 0 points (4.03% 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. February 7th 2017 30 year fixed rates, February 8th 2017 30 year fixed rates, February 9th 2017 30 year fixed rates, February 10th 2017 30 year fixed rates, February 11th 2017 30 year fixed rates, February 12th 2017 30 year fixed rates, February 13th 2017 30 year fixed rates.
Weekly Rate – Interest Rates Hit 2 Week Lows
