Category: European debt crisis

INTEREST RATES RISE SLIGHTLY – 30 YEAR FIXED PAR RATE STILL AT 3.25%

INTEREST RATES RISE SLIGHTLY  –  30 YEAR FIXED PAR RATE STILL AT 3.25%

November 19th, 201

Interest rates rose slightly last week with the stock market optimistic that a deal will get done to avoid the fiscal cliff.

The Mortgage backed security market closed last week down (-28 bps), and is currently trading on Monday down (-11 bps). 

On Friday, President Obama met with other political leaders to discuss the fiscal cliff.  Both sides seem to be softening their stance so the stock market is optimistic that a deal will get done – which is pushing stocks up and mortgage backed securities down.

This is a shortened week due to the Thanksgiving Holiday. 

On Monday, housing data was released that continues to show the housing market improving.  On Tuesday, The European Union is meeting with Greece regarding additional funds to avoid the country defaulting on it’s debt.  Ben Bernanke is also speaking at the NY Economics Club.  The market will be listening for clues on the Fed’s next move.

Rates are still trading in narrow ranges with the same rates available with fluctuating costs depending on how the market is moving.  30 Year Fixed rates at 3.25% are still available paying a point.  I see interest rates remaining in this range through the end of 2012. 

Have a Happy and Safe Thanksgiving!!

TODAY’S RATES:

30 year fixed:     3.25% paying 1 point,     3.5% paying 0 points,     3.625% – $0 costs

20 year fixed:   3.25% paying .38 points,     3.375% paying 0 points,     3.5%  – $0 costs

15 year fixed:   2.75% paying .42 points,     2.875% paying 0 points,     3.125% – $0 costs

5/1 ARM:   2.125% paying .89 points,     2.5% paying 0 points,     2.75% – $0 costs

7/1 ARM:    2.375% paying .74 points,     2.625% paying 0 points,     2.875%- $0 costs

30 year fixed High Balance Loan:    3.5% paying .34 points;     3.625% – $0 costs

30 year fixed FHA:    3.25% – $0 costs

15 year fixed FHA:    2.75% – 0 points,     2.875% – $0 costs

30 year fixed VA:    3.25% – $0 costs


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.  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 mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.

INTEREST RATES RISE SLIGHTLY  –  30 YEAR FIXED PAR RATE STILL AT 3.25%

OCTOBER 2012 – RATES RISE SLIGHTLY, STILL NEAR RECORD LOWS

OCTOBER 2012 – RATES RISE SLIGHTLY, STILL NEAR RECORD LOWS

October 1st, 2012            

Happy October!!

The MBS market closed last week trading up (+ 37 bps), and is currently trading (+ 25 bps) on Monday morning.

While mortgage rates should have improved last week- they actually increased slightly.  This is a result of most lenders enacting the Fannie Mae/Freddie Mac guaranteed fee increase for loans delivered to Fannie Mae/Freddie Mac December 1st, 2012 and later.

This week will likely be volatile in the rate markets with Europe still working on plans to save the Euro.  On Friday, the unemployment report comes out.  This will usually push rates one way or the other.  The expectation is that jobs will increase but the unemployment report will stay the same due to potential workers dropping out of the job market.

Now is still a great time to lock in at record low rates.

My best values of the week:

30 Year Fixed at 3.5% paying 0 points

30 Year Fixed High Balance Loan at 3.5% with 0 points

Below are rates available today paying a point or less:

30 year fixed:  3.25% paying .773 point, 3.5% paying 0 points

20 year fixed:  3.25% paying .149 points, 3.375% paying 0 points

15 year fixed:  2.625% paying .74 points, 2.875% paying 0 points

5/1 ARM:  2.125% paying .99 points, 2.5% paying 0 points

7/1 ARM:  2.25% paying .99 points, 2.625% paying 0 points

30 year fixed High Balance Loan:  3.5% paying 0 points

30 year fixed FHA:  3.25% paying 0 points

15 year fixed FHA:  2.75% paying 0 points

30 year fixed VA: 3.25% paying 0 points

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.  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 mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.

OCTOBER 2012 – RATES RISE SLIGHTLY, STILL NEAR RECORD LOWS

 

MORTGAGE RATES REBOUND – 30 YEAR FIXED BACK TO 3.5%

MORTGAGE RATES REBOUND – 30 YEAR FIXED BACK TO 3.5%

August 27th, 2012

The MBS market closed last week trading up (+ 81 bps) and on Monday the MBS market closed trading up ( + 19 bps).    

So over the past week and 1 day, the MBS market is trading up +100 bps and rates have improved dramatically after going higher in hurry the week before last.

We still stand in a market where rates will likely stay low, but if they do go up, they can go up quickly.  All eyes this week are on Ben Bernanke’s speech at the Jackson Hole economic conference on Friday.   Experts are about 50/50 on whether the FED will ease and buy more mortgage backed securities in the future.  This speculation and Europe’s debt situation has dominated mortgage markets for most of this year. 

The Fed will move to ease if it thinks the economy needs it.  I don’t see it happening as the past 2 Fed purchase programs have kept rates low, but they haven’t improved the economic numbers and have bloated the FED’s balance sheet.  Either way, expect rate movement in one direction or the other depending on what Bernanke hints towards in his speech.

College football is here, and my family and I are super excited.  Growing up in Michigan, I have always been a huge Michigan Wolverine Fan.  On a trip to Michigan this week, I was able to visit the Big House and catch a glimpse of Denard Robinson outside Schembechler Hall.  Very cool – here is my son and hopefully future Wolverine, at the gates of the big house. 

My best value of the week:

15 Year Fixed at 2.99% with 0 points

Below are rates available today paying a point or less:

30 year fixed:  3.5% paying .411 points, 3.625% paying 0 points

20 year fixed:  3.25% paying .937 points, 3.5% paying 0 points

15 year fixed:  2.75% paying .938 points, 2.99% paying 0 points

5/1 ARM:  2.125% paying .99 points, 2.5% paying 0 points

7/1 ARM:  2.375% paying .795 points, 2.625% paying 0 points

30 year fixed High Balance Loan:  3.625% paying .603 points, 3.875% paying 0 points

30 year fixed FHA:  3.25% paying 0 points

15 year fixed FHA:  2.75% paying 0 points

30 year fixed VA:  3.25% paying 0 points

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.  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 mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.

MORTGAGE RATES REBOUND – 30 YEAR FIXED BACK TO 3.5%

MORTGAGE RATES RISE QUICKLY WITH MBS SELL OFF!!

MORTGAGE RATES RISE QUICKLY WITH MBS SELL OFF!!

August 20th, 2012

The MBS market closed last week trading down (-91 bps) and on Monday the MBS market is trading up ( + 18 bps).

Mortgage rates went up rapidly as investors saw more signs that the European Debt situation seems to be easing and the US economy is getting stronger. When investor confidence comes back, there is usually a quick turn around and rates rise much faster than they go down. This is why I always say if you like a particular rate and product, lock it, as rates can change very quickly. I don’t see rates ever going below 3.25% without getting very expensive. Many potential borrowers missed out on great rates waiting for a small dip in rates, which would only lower their payment an additional $10-$20. It is usually not worth the risk.

There is not much data this week. I expect rates to rebound slightly as is the norm when rates go one way very quickly. On August 30th, Bernanke will have his opening speech at the annual economic conference at Jackson Hole. With the recent signs of economic strength, there is now investor sentiment that the FED will not begin another round of quantitative easing. His speech on the 30th, will likely give us some insight on what the FED may do.

On the bright side, football starts in 2 weeks. I will be out of town from Wednesday to Monday so you may not be able to reach me during those days. Make it a great week!!

My best value of the week:

30 Year Fixed High Balance Loan at 3.875% with .199 points

Below are rates available today paying a point or less:

30 year fixed:   3.625% paying .58 points, 3.75% paying 0 points
20 year fixed:   3.5% paying .79 points, 3.75% paying 0 points
15 year fixed:   2.875% paying .98 points, 3.125% paying 0 points
5/1 ARM:   2.25% paying .96 points, 2.625% paying 0 points
7/1 ARM:   2.5% paying .74 points, 2.75% paying 0 points
30 year fixed High Balance Loan:   3.75% paying .88 points, 3.99% paying 0 points
30 year fixed FHA:   3.25% paying 0 points
15 year fixed FHA:   2.75% paying 0 points
30 year fixed VA:   3.25% paying 0 points

Today’s Mortgage Interest Rates.  Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado.  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 mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.

MORTGAGE RATES RISE QUICKLY WITH MBS SELL OFF!!

MORTGAGE RATES RISE WITH LESS CONCERN OVER EUROPE’S DEBT CRISIS

MORTGAGE RATES RISE WITH LESS CONCERN OVER EUROPE’S DEBT CRISIS

August 13th, 2012

The MBS market closed last week trading down (-38 bps) and on Monday the MBSmarket closed down ( – 3 bps).    

Mortgage rates rose last week as fewer investors are seeking the safety of US Bonds and Mortgage Markets.  These markets are technically selling negative – pushing rates up from their previous lows.  The general mood on Europe’s monetary situation has improved with optimism that a solution to ease the situation will eventually happen.  This optimism causes less demand for mortgage backed securities, pushing the prices lower and rates higher.

I recommend locking as the MBS market technical indicators are in a bear state, indicating that rates could continue to creep higher. 

My best value of the week:

30 Year Fixed High Balance Loan at 3.75% with 0 points

Below are rates available today paying a point or less:

30 year fixed:  3.5% paying .24 points, 3.625% paying 0 points

20 year fixed:  3.375% paying .69 points, 3.5% paying 0 points

15 year fixed:  2.75% paying .869 points, 3% paying 0 points

5/1 ARM:  2.25% paying .8 points, 2.5% paying 0 points

7/1 ARM:  2.375% paying .85 point, 2.625% paying 0 points

30 year fixed High Balance Loan:  3.625% paying .43 points, 3.75% paying 0 points

30 year fixed FHA:  3.25% paying 0 points

15 year fixed FHA:  2.75% paying 0 points

30 year fixed VA: 3.25% paying 0 points

Today’s Mortgage Interest Rates.  Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado.  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 mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.

MORTGAGE RATES RISE WITH LESS CONCERN OVER EUROPE’S DEBT CRISIS

MORTGAGE RATES RISE DUE TO OPTIMISM IN THE STOCK MARKETS:

MORTGAGE RATES RISE DUE TO OPTIMISM IN THE STOCK MARKETS:

July 30th, 2012

The MBS market closed last week trading down (- 44 bps) and on Monday morning the mbsmarket is tradingup (+ 15 bps).    

For the first week in many, the mortgage interest rate market pulled higher mainly due to optimism in the stock markets.  The President of the ECB stated in a speech that they are willing to do whatever it takes to save the Euro.  This public declaration resulted in optimism among investors wary of the European debt crisis that has been dragging on the market for months.  European stocks rose to a 4 month high last week. 

This week will be a critical and volatile week in the interest rate markets.  The Federal Open Market Committee (FOMC) is meeting on Tuesday and Wednesday with a statement on Wednesday.  Most of the market now expects the FED to take on another round of mortgage backed security purchases.  The European Central Bank will meet on Thursday.  The July employment report will come out on Friday. 

Tough to say whether to lock or float right now.  We will likely see some big swings in the market depending on the news of that day. 

My best value of the week:

30 Year Fixed High Balance Loan at 3.75% with 0 points

Below are rates available today paying a point or less:

30 year fixed:  3.5% paying .329 points, 3.625% paying 0 points

20 year fixed:  3.25% paying .94 points, 3.5% paying 0 points

15 year fixed:  2.75% paying .94 points, 2.99% paying 0 points

5/1 ARM:  2.375% paying .72 points, 2.625% paying 0 points

7/1 ARM:  2.5% paying .66 points, 2.75% paying 0 points

30 year fixed High Balance Loan:  3.625% paying .74 point, 3.75% paying 0 points

30 year fixed FHA:  3.25% paying 0 points

15 year fixed FHA:  2.75% paying .29 points, 2.875% paying 0 points

30 year fixed VA:  3.25% paying 0 points

Today’s Mortgage Interest Rates.  Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado.  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 mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.

MORTGAGE RATES BREAK YET ANOTHER RECORD!!

MORTGAGE RATES BREAK YET ANOTHER RECORD

July 23rd, 2012

The MBS market closed last week trading up (+ 44 bps) and on Monday morning the mbs market is trading up (+ 19 bps).

Last week the mbs market started off higher, but for most of the week lenders were not pricing better. Monday morning, we are seeing some nice improvement likely due to mortgage backed security market breaking a technical barrier of 1.46%.

Rates have broken yet another record – right now a well qualified buyer can get a 3.375% 30 year fixed for less than .3 pts.

The European debt crisis is again one of the issues that continue to drive investors and mortgage rates. Greece is on the verge of a US 30’s type depression and will likely have to leave the European Union soon. Investors are flocking to safe investments is the Euro is crumbling.

I would recommend locking and taking advantage of these gains if you can.

My best value of the week:

30 Year Fixed at 3.375% paying .298 points
20 Year Fixed at 3.25% paying .11 points

Below are rates available today paying a point or less:

30 year fixed: 3.375% paying .29 points, 3.5% paying 0 points
20 year fixed: 3.25% paying .11 points, 3.375% paying 0 points
15 year fixed: 2.75% paying .59 points, 2.875% paying 0 points
5/1 ARM: 2.25% paying .76 points, 2.5% paying 0 points
7/1 ARM: 2.375% paying .87 points, 2.625% paying 0 points
30 year fixed High Balance Loan: 3.5% paying .49 point, 3.625% paying 0 points
30 year fixed FHA: 3.375% paying .29 points, 3.5% paying 0 points
15 year fixed FHA: 2.75% paying .59 points, 2.875% paying 0 points
30 year fixed VA: 3.25% paying 0 points

Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. 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 mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.

MORTGAGE RATES BREAK YET ANOTHER RECORD!!

MORTGAGE RATES SURPASS ALL TIME LOWS AGAIN!!

MORTGAGE RATES SURPASS ALL TIME LOWS AGAIN!!!

July 2nd, 2012

The MBS market closed last week trading up (+28 bps).  So far on July 2nd, the MBS market is trading up (+31 bps ).

Mortgage Rates have again surpassed their lowest levels ever.  It sounds like a broken record as we have seen 3 records over the past few weeks.  The concern is also still the same – investors are seeking safe investments due to the increasingly gloomy look on Europe’s economy.  This is helping keep rates low and helping them go even lower.

I mentioned this a couple weeks ago, but when you get down this low, lenders aren’t as willing to give out as much better pricing as they usually would when the MBS market trades up.  The market is up close to + 60 bps over the past week, but you are not seeing as much change in pricing as you usually would.

I recommend locking as rates are unbelievable and lenders aren’t going to give out much better pricing unless the MBS market breaks a new barrier. 

My best value of the week:

30 Year Fixed at 3.5% paying .31 points

Below are rates available today paying a point or less:

30 year fixed: 3.5% paying .31 points, 3.625% paying 0 points

20 year fixed: 3.25% paying .76 points, 3.375% paying 0 points

15 year fixed: 2.75% paying .83 points, 2.99% paying 0 points

5/1 ARM: 2.25% paying .89 points, 2.625% paying 0 points

7/1 ARM: 2.375% paying 1 point, 2.75% paying 0 points

30 year fixed High Balance Loan: 3.625% paying 1 point, 3.875% paying 0 points

30 year fixed FHA: 3.25% paying 0 points

15 year fixed FHA: 2.75% paying .21 points, 2.875% paying 0 points

30 year fixed VA: 3.25% paying  0 points

Today’s Mortgage Interest Rates.  Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado.  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 mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.

MORTGAGE RATES SURPASS ALL TIME LOWS AGAIN!!

 

RATES REMAIN NEAR RECORD LOWS

RATES REMAIN NEAR RECORD LOWS

June 26th, 2012

The MBS Market closed last week trading down (- 22 bps).

Mortgage rates increased last week, but rebounded Monday with the bond market closing up +31 bps, taking back the losses from the previous week and then some.

The Federal Open Market Committee on Wednesday issued a statement that they would continue “Operation Twist”, but would not issue a new round of buying mortgage backed securities. This shot the Mortgage Backed security market down, as many expected the FED to take more action.

The markets are still closely tied with Europe. Thursday begins another European Summit that is unlikely to yield any significant results. As long as Europe continues to drag down the world economy, mortgage rates will likely stay low.

NOTE: The rates quoted below are a picture in time. Rates and pricing change every single business day. Also the rate and pricing an individual will qualify for can be different based upon credit scores, loan to value, etc.

My best value of the week:

15 Year Fixed at 2.99% Paying 0 points

Below are rates available today paying a point or less:

30 year fixed: 3.5% paying .62 points, 3.625% paying 0 points

20 year fixed: 3.25% paying .99 points, 3.5% paying 0 points

15 year fixed: 2.875% paying .51 points, 2.99% paying 0 points

5/1 ARM: 2.375% paying .78 points, 2.625% paying 0 points

7/1 ARM: 2.5% paying .81 point, 2.875% paying 0 points

30 year fixed High Balance Loan: 3.75% paying .65 points, 3.875% paying 0 points

30 year fixed FHA: 3.25% paying .65 points; 3.5% paying 0 points

15 year fixed FHA: 2.75% paying .32 points, 2.875% paying 0 points

30 year fixed VA: 3.25% paying .53 points, 3.5% paying 0 points

Today’s Mortgage Interest Rates.  Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado.  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 mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.

RATES REMAIN NEAR RECORD LOWS

TODAY’S RATES – 30 YEAR FIXED AT 3.625% PAYING 0 POINTS!!

30 YEAR FIXED AT 3.625% PAYING 0 POINTS!!

June 18th, 2012

The MBS Market closed last week trading up (+ 16 bps).

Mortgage rates improved again – and are back to all time low levels.

Over the weekend, Greece held their elections and the party that wants to stay in the European Union won. There was not a ton of market movement on Monday because of this – right now the MBS market is trading up +7 bps.

The big thing to pay attention to this week is the FEDERAL OPEN MARKET COMMITTEE (FOMC) meeting on Tuesday and Wednesday and their statement release on Wednesday. Many industry experts predict they may extend purchasing mortgage backed securities in another set of Quantitative Easing. If they do, mortgage rates usually will go lower. If they don’t, mortgage rates will likely move higher. If you don’t want to risk it, we can lock your loan and offer a float down if rates get better after we lock.

My best value of the week:

30 Year Fixed at 3.625% paying 0 points.

Below are rates available today paying a point or less:

30 year fixed: 3.5% paying .58 points, 3.625% paying 0 points
20 year fixed: 3.25% paying .76 points, 3.375% paying 0 points
15 year fixed: 2.875% paying .41 points, 3% paying 0 points
5/1 ARM: 2.25% paying .95 points, 2.75% paying 0 points
7/1 ARM: 2.5% paying .86 point, 2.875% paying 0 points
30 year fixed High Balance Loan: 3.75% paying .80 points, 3.99% paying 0 points
30 year fixed FHA: 3.25% paying .63 points; 3.5% paying 0 points
15 year fixed FHA: 2.75% paying .39 points, 2.875% paying 0 points
30 year fixed VA: 3.25% paying .51 points, 3.5% paying 0 points

 

Today’s Mortgage Interest Rates.  Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado.  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 mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.

Today’s Rates – 30 Year Fixed at 3.625% Paying 0 Points!!