MORTGAGE NEWS
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October 14, 2015
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Rates Move Up Slightly from Prior Weeks 5 Month Lows
October 2015
As is normal with interest rates, once rate pricing moves one way for an extended period of time, we will see a correction back. Rates hit 5 month lows on Friday October 2nd, but since then have steadily moved a little higher almost every day. The Mortgage Backed Security market closed 4 of the 5 days last week down, closing the week trading down – 34 bps.
Interest rate pricing is still very good, but is about .5 pts higher in pricing at the same rate then the prior week.
Not a ton of new data out this week so I expect interest rates to remain relatively stable barring an unforeseen event.
TRID mortgage regulations are now in place. Gone are the GFE and the HUD and now we have the Loan Estimate and Closing Disclosure. The new documents are meant to make it easier for a borrower to understand their loan. Borrowers now also have a 3 day period to review loan documents before they are legally allowed to sign.
For a free email mortgage quote, please answer questions on the right or go to:
Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 3.75% – 1 point (3.95% APR), 3.99% – 0 points (4.02% APR)
20 year fixed: 3.625% – .53 points (3.73% APR), 3.75% – 0 points (3.78% APR)
15 year fixed: 2.99% – .8 point (3.16% APR), 3.25% – 0 points (3.28% APR)
10 year fixed: 2.75% – .76 points (2.9% APR), 3.0% – 0 points (3.02% APR)
5/1 ARM: 3.0% – .94 points (3.19% APR), 3.5% – 0 points (3.52% APR)
7/1 ARM: 3.25% – .88 points (3.41% APR), 3.625% – 0 points (3.67% APR)
30 year fixed FHA: 3.625% – .62 points (4.49% APR), 3.75% – 0 points (4.45% APR)
15 year fixed FHA: 3.0% – .78 points (3.46% APR), 3.25% – 0 points (3.55% APR)
30 year fixed VA: 3.625% – .8 points (3.78% APR), 3.75% – 0 points (3.78% 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 12th 2015 30 year fixed rates, October 13th 2015 30 year fixed rates, October 14th 2015 30 year fixed rates, October 15th 2015 30 year fixed rates, October 16th 2015 30 year fixed rates, October 17th 2015 30 year fixed rates, October 18th 2015 30 year fixed rates.
Rates Move Up Slightly from Prior Weeks 5 Month Lows
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MORTGAGE NEWS
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October 4, 2015
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Rates Improve to Lowest Levels in 5 Months
October 2015
Interest rates had a great week last week with the Mortgage Backed Security (MBS) market closing up every single day and closing the week up + 81 bps. With the improvement, interest rates are at their lowest levels in 5 months.
The week was highlighted by the September Non Farm Payroll report which came in well below expectations. Market analysts predicted job creation of 203k, but numbers were much lower at 142k. Job numbers were also adjusted down in July and August. Great news for interest rates, not great news for the economy.
On Monday, the TRID regulations finally go into effect which will affect the mortgage process with all lenders in the country. The main change is that the GFE and HUD settlement statement will be replaced by a different form highlighting rate, payment and costs. The new regulations also give a borrower 3 days to review the closing docs before signing. This will make the loan process a bit longer, but overall I feel the changes are good for the industry.
For a free email mortgage quote, please answer questions on the right or go to:
Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 3.75% – .5 points (3.85% APR), 3.875% – 0 points (3.9% APR)
20 year fixed: 3.5% – .76 points (3.65% APR), 3.625% – 0 points (3.66% APR)
15 year fixed: 2.875% – 1 point (3.07% APR), 3.125% – 0 points (3.16% APR)
10 year fixed: 2.75% – .34 points (2.81% APR), 2.875% – 0 points (2.9% APR)
5/1 ARM: 2.75% – 1 point (2.95% APR), 3.125% – 0 points (3.17% APR)
7/1 ARM: 3.0% – .93 points (3.18% APR), 3.375% – 0 points (3.4% APR)
30 year fixed FHA: 3.5% – .54 points (4.3% APR), 3.75% – 0 points (4.45% APR)
15 year fixed FHA: 2.875% – 1 point (3.37% APR), 3.125% – 0 points (3.42% APR)
30 year fixed VA: 3.5% – .79 points (3.66% APR), 3.75% – 0 points (3.75% 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 5th 2015 30 year fixed rates, October 6th 2015 30 year fixed rates, October 7th 2015 30 year fixed rates, October 8th 2015 30 year fixed rates, October 9th 2015 30 year fixed rates, October 10th 2015 30 year fixed rates, October 11th 2015 30 year fixed rates.
Rates Improve to Lowest levels in 5 months
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MORTGAGE NEWS
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September 21, 2015
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Rates Improve / FED doesn’t raise Federal Funds Rate
September 2015
Interest rates improved significantly on Thursday and Friday after the Federal Open Market Committee (FOMC) announced they would not raise the Federal Funds Rate. The Mortgage Backed Security (MBS) market closed Thursday/Friday trading up +83 bps, and the week up +47 bps. Perhaps more important, the FEDs comments on the fragility of the economy lead some in the market to believe that the Federal Funds Rate could stay at 0% for some time.
30 year fixed rates are now available at 3.875% paying .79 points (4.03% APR), and 3.99% paying 0 points (4.05% APR). 15 year fixed rates are now available at 2.99% paying 1 point (3.19% APR), and 3.25% paying 0 points (3.28% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**
With interest rates near 4 month lows – now is a great time to lock in.
For a free email mortgage quote, please answer questions on the right or go to:
Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 3.875% – .79 points (4.03% APR), 3.99% – 0 points (4.05% APR)
20 year fixed: 3.625% – .91 points (3.81% APR), 3.875% – 0 points (3.9% APR)
15 year fixed: 2.99% – .51 points (3.19% APR), 3.25% – 0 points (3.28% APR)
10 year fixed: 2.75% – .84 points (2.91% APR), 3.0% – 0 points (3.04% APR)
5/1 ARM: 3.0% – .98 points (3.2% APR), 3.375% – 0 points (3.4% APR)
7/1 ARM: 3.25% – .92 points (3.43% APR), 3.625% – 0 points (3.66% APR)
30 year fixed FHA: 3.625% – .82 points (4.48% APR), 3.75% – 0 points (4.45% APR)
15 year fixed FHA: 3.0% – .95 points (3.45% APR), 3.25% – 0 points (3.5% APR)
30 year fixed VA: 3.75% – 0 points (3.77% 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. September 21st 2015 30 year fixed rates, September 22nd 2015 30 year fixed rates, September 23rd 2015 30 year fixed rates, September 24th 2015 30 year fixed rates, September 25th 2015 30 year fixed rates, September 26th 2015 30 year fixed rates, September 27th 2015 30 year fixed rates.
Rates Improve / FED doesn’t raise Federal Funds Rate
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MORTGAGE NEWS
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September 14, 2015
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Rates go up slightly – Fed makes statement on rates September 17th
September 2015
Interest rates went up slightly last week with the Mortgage Backed Security (MBS) market closing the week down – 28 bps.
30 year fixed rates are now available at 3.875% paying .89 points (4.05% APR), and 4.125% paying 0 points (4.14% APR). 15 year fixed rates are now available at 3.125% paying .51 point (3.22% APR), and 3.25% paying 0 points (3.28% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**
The major news this week will still be the Federal Open Market Committee’s (FOMC) statement at 2 pm on Thursday, September 17th 2015. In a recent poll, 46% of Wall Street economists are predicting the FED to raise the Federal Funds rate. I still don’t think they will but the uncertainty of when they will is certainly taking a toll on the market.
For a free email mortgage quote, please answer questions on the right or go to:
Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 3.875% – .89 points (4.05% APR), 4.125% – 0 points (4.14% APR)
20 year fixed: 3.625% – 1 point (3.82% APR), 3.875% – 0 points (3.9% APR)
15 year fixed: 3.125% – .51 points (3.22% APR), 3.25% – 0 points (3.28% APR)
10 year fixed: 2.75% – 1 point (2.95% APR), 3.0% – 0 points (3.04% APR)
5/1 ARM: 3.0% – .94 points (3.18% APR), 3.375% – 0 points (3.4% APR)
7/1 ARM: 3.25% – .89 points (3.42% APR), 3.625% – 0 points (3.66% APR)
30 year fixed FHA: 3.625% – .97 points (4.51% APR), 3.75% – 0 points (4.55% APR)
15 year fixed FHA: 3.0% – 1 point (3.5% APR), 3.375% – 0 points (3.67% APR)
30 year fixed VA: 3.75% – 0 points (3.79% 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. September 14th 2015 30 year fixed rates, September 15th 2015 30 year fixed rates, September 16th 2015 30 year fixed rates, September 17th 2015 30 year fixed rates, September 18th 2015 30 year fixed rates, September 19th 2015 30 year fixed rates, September 20th 2015 30 year fixed rates.
Rates go up slightly – Fed makes statement on rates September 17th
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MORTGAGE NEWS
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November 11, 2014
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RATES IMPROVE AFTER EMPLOYMENT REPORT
November 10th, 2014
Interest rates improved to 1.5 week lows after October’s employment report was released on Friday. Non Farm Payroll jobs increased 214,000 in October but were lower than expectations of 235,000 plus. The Mortgage Backed Security (MBS) market closed up + 46 bps on Friday alone – taking back the losses from earlier in the week and closing the week positive + 25 bps.
On Monday the bond market pulled back taking some of the gains from Friday – closing down -31 bps on the Day. The bond Market is closed for Veterans day. Thank you to all the Veterans out there that have served our country.
Interest rates are very similar to where they started last week. Retail sales will be the biggest report of the week on Friday.
For a free email mortgage quote, please answer questions on the right or go to http://www.freemortgagequote.biz
Below are today’s interest rates. Have a great week!!
THE RETURN OF THE NO APPRAISAL REFINANCE
With Fannie Mae’s new version of their underwriting system DU – mortgage bankers and their clients are seeing a welcome change in the return of the PIW
PIW stands for Property Inspection Waiver.
When running a Fannie Mae Approval – sometimes Fannie Mae’s system grants a PIW which allows us to complete the loan without getting an actual appraisal. These No appraisal refinances are not for upside down homes, lower credit borrowers, cash out loans, etc. They are typically granted when there is a decent amount of equity based on average prices in the area and they are usually granted for higher credit score borrowers.
The purpose is to allow someone that has equity and great credit to get a loan without having to physically get an appraisal.
This is a welcome return – as it allows well qualified customers to complete a refinance without an out pocket expense and we can usually close the loan very quickly.
BEST VALUE OF THE WEEK:
30 Year Fixed at 4.125% paying 0 points
5/1 ARM at 3.125% paying 0 points
TODAY’S INTEREST RATES:
30 year fixed: 4% – .25 points (4.05% APR), 4.125% – 0 points (4.15% APR)
20 year fixed: 3.625% – 1 points (3.72% APR), 3.875% – 0 points (3.78% APR)
15 year fixed: 3.125% – .625 points (3.24% APR), 3.375% – 0 points (3.38% APR)
10 year fixed: 2.875% – .875 points (3.0% APR), 3.125% – 0 points (3.13% APR)
5/1 ARM: 2.875% – .75 points (3.025% APR), 3.125% – 0 points (3.128% APR)
7/1 ARM: 3.125% – .875 points (3.28% APR), 3.375% – 0 points (3.39% APR)
30 year fixed FHA: 3.5% – .375 points (4.58% APR), 3.625% – 0 points (4.625% APR)
15 year fixed FHA: 2.875% – 1 point (3.375% APR), 3.125% – 0 points (3.425% APR)
30 year fixed VA: 3.5% – .625 points (3.62% APR), 3.75% – 0 points (3.78% APR)
Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado 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 10th 2014 30 year fixed rates, November 11th2014 30 year fixed rates, November 12th 2014 30 year fixed rates, November 13th 2014 30 year fixed rates, November 14th 2014 30 year fixed rates, November 15th 2014 30 year fixed rates, November 16th 2014 30 year fixed rates.
Rates Improve after Employment report – but then pull back
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MORTGAGE NEWS
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October 15, 2014
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Lock in at the Lowest Rates since June of 2013
October 14th, 2014
Interest rates continued their strong move lower last week and this Tuesday – dropping approximately .25% over the past 6 days.
The Mortgage Backed Security (MBS) market closed last week trading up + 84 bps, and Tuesday trading up + 38 bps – pushing interest rates to the lowest levels we have seen since June of 2013.
Interest rates had been gradually improving and then we saw big movements lower in the past week and a half. Typically when rates go one way for an extended period of time – they will eventually get a strong correction the other way.
My recommendation is to lock in now. You will be locking in at the lowest rates in 1 year and 3 months – not bad.
For a free email mortgage quote, please answer questions on the right or go to http://www.freemortgagequote.biz
Below are today’s interest rates. Have a great week!!
BEST VALUE OF THE WEEK:
30 Year Fixed at 4% paying 0 points
15 Year Fixed at 3.25% paying 0 points
TODAY’S INTEREST RATES:
30 year fixed: 3.875% – 1 point (4.075% APR), 4% – 0 points (4.09% APR)
20 year fixed: 3.625% – .62 points (3.74% APR), 3.875% – 0 points (3.9% APR)
15 year fixed: 3% – .875 points (3.17% APR), 3.25% – 0 points (3.29% APR)
10 year fixed: 2.75% – .875 points (2.92% APR), 3% – 0 points (3.05% APR)
5/1 ARM: 2.625% – .87 point (2.77% APR), 3% – 0 points (3.05% APR)
7/1 ARM: 2.875% – 1 point (3.07% APR), 3.125% – 0 points (3.16% APR)
30 year fixed FHA: 3.375% – .5 points (4.42% APR), 3.5% – 0 points (4.55% APR)
15 year fixed FHA: 2.875% – .625 points (3.29% APR), 3% – 0 points (3.3% APR)
30 year fixed VA: 3.375% – .75 points (3.52% APR), 3.625% – 0 points (3.68% APR)
Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado 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 14th 2014 30 year fixed rates, October 15th 2014 30 year fixed rates, October 16th 2014 30 year fixed rates, October 17th 2014 30 year fixed rates, October 18th 2014 30 year fixed rates, October 19th 2014 30 year fixed rates, October 20th 2014 30 year fixed rates.
Lock in at the Lowest Rates since June of 2013
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MORTGAGE NEWS
·
September 15, 2014
·
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·
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Rates Move Up 4 of the last 5 days – FED statement on Wednesday
September 15th, 2014
After a modest gain last Monday of + 4 bps, Interest rates went up Tuesday through Friday with the Mortgage Backed Security (MBS) market ending down – 71 bps on the week.
On Monday – the market closed + 15 bps, pulling up a bit higher over the 200 day average.
The big news this week is the FED meeting and subsequent Janet Yellen press conference. There is considerable belief that the FED will change the verbiage of the official policy statement – removing the notion that the FED would not hike rates for a considerable time after their asset purchasing ends. This has caused anxiety and sell offs in the MBS market – the market most closely associated to Interest Rates.
I would highly recommend locking before Wednesday to protect yourself.
Currently rates are a bit higher but still in the general range they have maintained for most of the past year and 2 months.
For a free email mortgage quote, please answer questions on the right or go to http://www.freemortgagequote.biz
Below are today’s interest rates. Have a great week!!
BEST VALUE OF THE WEEK:
30 Year Fixed at 4.375% paying 0 points
15 Year Fixed at 3.5% paying 0 points
TODAY’S INTEREST RATES:
30 year fixed: 4.25% – .42 points (4.33% APR), 4.375% – 0 points (4.39% APR)
20 year fixed: 4% – .98 points (4.2% APR), 4.125% – 0 points (4.16% APR)
15 year fixed: 3.375% – .65 points (3.5% APR), 3.5% – 0 points (3.55% APR)
10 year fixed: 3.125% – .97 points (3.28% APR), 3.375% – 0 points (3.41% APR)
5/1 ARM: 3% – .78 point (3.17% APR), 3.25% – 0 points (3.3% APR)
7/1 ARM: 3.25% – .68 points (3.37% APR), 3.625% – 0 points (3.7% APR)
30 year fixed FHA: 3.75% – 0 points (4.75% APR)
15 year fixed FHA: 3.25% – 0 points (3.55% APR)
30 year fixed VA: 3.75% – .20 points (3.79% 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, and Colorado. Arizona Home Loans, California Home Loans, Colorado 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. September 15th 2014 30 year fixed rates, September 16th 2014 30 year fixed rates, September 17th 2014 30 year fixed rates, September 18th 2014 30 year fixed rates, September 19th 2014 30 year fixed rates, September 20th 2014 30 year fixed rates, September 21st2014 30 year fixed rates.
Rates Move Up 4 of the last 5 days – FED statement on Wednesday
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MORTGAGE NEWS
·
September 8, 2014
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RATES RISE – 30 YEAR FIXED TO 4.125%
September 8th, 2014
Last week had 2 important events for interest rates.
On Thursday – the ECB announced a less than expected plan and no specifics to deal with the European Union’s problems. Mortgage backed securities sold off – and rates rose.
On Friday – the August employment report was released and non farm job creation fell well below expectations. The market estimated 225k in job growth, but the report revealed only 143k new jobs. The problem is August is notoriously bad and hard to gauge correct job creation with the amount of seasonal employment in the month. The MBS market initially went way up, but then came back to close to even with the realization that these numbers will most likely be adjusted higher with most other economic reports showing improvement.
MBS ended the week trading down – 35 bps – pushing interest rate pricing a bit higher. 30 year fixed rates are now at 4.125% paying less than a point. Most other products didn’t change much on the rate, but the closing costs are higher for each rate.
I still believe there is not much to gain by floating a rate, and locking is the better option.
For a free email mortgage quote, please answer questions on the right or go to http://www.freemortgagequote.biz
Below are today’s interest rates. Have a great week!!
BEST VALUE OF THE WEEK:
7/1 ARM at 3.375% paying 0 points
30 Year Fixed FHA at 3.75% paying 0 points
TODAY’S INTEREST RATES:
30 year fixed: 4.125% – .15 points (4.15% APR), 4.25% – 0 points (4.29% APR)
20 year fixed: 3.875% – .63 points (3.99% APR), 4.125% – 0 points (4.14% APR)
15 year fixed: 3.25% – .75 points (3.39% APR), 3.5% – 0 points (3.53% APR)
10 year fixed: 3.0% – .97 points (3.2% APR), 3.125% – 0 points (3.13% APR)
5/1 ARM: 2.75% – .89 point (2.91% APR), 3% – 0 points (3.05% APR)
7/1 ARM: 3.125% – .54 points (3.23% APR), 3.375% – 0 points (3.4% APR)
30 year fixed FHA: 3.375% – 1 point (4.575% APR), 3.625% – 0 points (4.65% APR)
15 year fixed FHA: 3% – .98 points (3.5% APR), 3.25% – 0 points (3.55% APR)
30 year fixed VA: 3.5% – .80 points (3.66% APR), 3.75% – 0 points (3.78% APR)
Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado 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. September 8th 2014 30 year fixed rates, September 9th 2014 30 year fixed rates, September 11th 2014 30 year fixed rates, September 12th 2014 30 year fixed rates, September 13th 2014 30 year fixed rates, September 14th 2014 30 year fixed rates, September 15th 2014 30 year fixed rates.
RATES RISE – 30 YEAR FIXED TO 4.125%
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MORTGAGE NEWS
·
August 19, 2014
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RATES CLOSE TO LOWEST LEVELS OF THE YEAR
August 19th, 2014
Mortgage rates hit their lowest levels in 2 months on Friday when concern over escalation of the Ukraine/Russia conflict had investors trading for safety. The Mortgage Backed Security Market closed the day up + 26 basis points, and finished last week up + 40 bps.
As is typical in this market where much of the rate changes are in response to geopolitical headlines, the MBS market closed down – 36 bps on Monday when no military action took place in Ukraine/Russia over the weekend.
The markets will likely continue to follow this trend with rates improving when escalation of military action abroad is expected/happening and rates will go up when it appears a peaceful resolution is coming.
Although Monday took back much of the gains of last week, so far on Tuesday the MBS market is trading up + 16 bps and mortgage interest rates are still at some of the lowest levels of the year.
Janet Yellen, the FED chief, is speaking at a banker’s conference on Friday. She is expected to address Labor Markets and a possible rate increase. This is something to pay attention to as whenever the Federal Reserve Board speaks – the market listens and it can move interest rate pricing in a hurry.
For a free email mortgage quote, please answer questions on the right or go to http://www.freemortgagequote.biz
Below are today’s interest rates. Have a great week!!
BEST VALUE OF THE WEEK:
5/1 ARM at 3% paying 0 points
20 Year Fixed at 3.875% paying 0 points
TODAY’S INTEREST RATES:
30 year fixed: 4.125% – .19 points (4.165% APR), 4.25% – 0 points (4.28% APR)
20 year fixed: 3.75% – .44 points (3.84% APR), 3.875% – 0 points (3.92% APR)
15 year fixed: 3.125% – .98 points (3.32% APR), 3.375% – 0 points (3.4% APR)
10 year fixed: 3.0% – .51 points (3.1% APR), 3.125% – 0 points (3.16% APR)
5/1 ARM: 2.75% – .72 points (2.89% APR), 3% – 0 points (3.05% APR)
7/1 ARM: 3% – .99 points (3.2% APR), 3.25% – 0 points (3.3% APR)
30 year fixed FHA: 3.5% – .23 points (4.56% APR), 3.625% – 0 points (4.65% APR)
15 year fixed FHA: 3% – .79 points (3.44% APR), 3.25% – 0 points (3.55% APR)
30 year fixed VA: 3.5% – .61 points (3.62% APR), 3.75% – 0 points (3.77% APR)
Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado 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, 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. August 19th 2014 30 year fixed rates, August 20th 2014 30 year fixed rates, August 21st 2014 30 year fixed rates, August 22nd 2014 30 year fixed rates, August 23rd 2014 30 year fixed rates, August 24th 2014 30 year fixed rates, August 25th 2014 30 year fixed rates.
Rates Close to Lowest Levels of the Year.
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MORTGAGE NEWS
·
August 11, 2014
·
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·
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RATES MOVE SIDEWAYS / VOLATILITY AHEAD
August 10th, 2014
Mortgage rates moved sideways last week even though the MBS market closed the week trading up + 22 bps. Markets hit their highs on Thursday with geopolitical concerns causing investors to seek safety in treasuries and bonds.
On Friday – after trading higher for much of the day – Mortgage Backed Securities closed sharply lower after Russia ended military drills on the Ukraine border and speculation that the conflict in this region was deescalating.
Mortgage interest rates are artificially lower than they should be due to military conflicts around the world.
A lot of people I follow see mortgage rates entering into a volatile week with the possibility that mortgage rates could move higher. They have been holding at this low level for some time when most experts predicted mortgage rates to move significantly higher in 2014. My recommendation is to lock.
For a free email mortgage quote, please answer questions on the right or go to http://www.freemortgagequote.biz
Below are today’s interest rates. Have a great week!!
BEST VALUE OF THE WEEK:
30 Year Fixed at 4.25% paying 0 points
15 Year Fixed at 3.5% paying 0 points
TODAY’S INTEREST RATES:
30 year fixed: 4.125% – .55 points (4.235% APR), 4.25% – 0 points (4.3% APR)
20 year fixed: 3.75% – .99 points (3.95% APR), 4.125% – 0 points (4.17% APR)
15 year fixed: 3.25% – .91 points (3.43% APR), 3.5% – 0 points (3.53% APR)
10 year fixed: 3.0% – .73 points (3.14% APR), 3.25% – 0 points (3.29% APR)
5/1 ARM: 2.75% – .85 points (2.92% APR), 3% – 0 points (3.05% APR)
7/1 ARM: 3.125% – .71 points (3.25% APR), 3.375% – 0 points (3.4% APR)
30 year fixed FHA: 3.5% – .51 points (4.6% APR), 3.625% – 0 points (4.65% APR)
15 year fixed FHA: 3.25% – 0 points (3.55% APR)
30 year fixed VA: 3.5% – .88 points (3.7% APR), 3.75% – 0 points (3.8% APR)
Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado 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, 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. August 11th 2014 30 year fixed rates, August 12th 2014 30 year fixed rates, August 13th 2014 30 year fixed rates, August 14th 2014 30 year fixed rates, August 15th 2014 30 year fixed rates, August 16th 2014 30 year fixed rates, August 17th 2014 30 year fixed rates.
RATES MOVE SIDEWAYS / VOLATILITY AHEAD
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