RATES IMPROVE AFTER JULY EMPLOYMENT REPORT

RATES IMPROVE AFTER JULY EMPLOYMENT REPORT

August 5th, 2013

It was quite a roller coaster week as rates went up for the majority of the week, then took back the losses on Friday.  At the end of the week, the Mortgage Backed Security market closed trading up + 8 bps, with the market improving over 100 basis points on Friday alone.  

The July employment report was the catalyst for the rate improvement on Friday.  Non-Farm payroll jobs were below forecasts and the numbers for June were revised lower.  Even though the unemployment percentage went down, the lower than expected job growth numbers caused a big rise in the MBS market.

Also on Friday, a Fed member stated publicly that the FED would taper it’s bond purchasing program when current economic data supported economic growth, not on the FED’s own internal forecasts.  This is reassurance to the market that the FED won’t slow the stimulus based on projections versus real data. 

Still the MBS market was not able to go above it’s 10 day moving average of resistance.  This could mean that traders will not purchase Mortgage Backed Securities over a certain amount, period.

I still think the prospect of 30 year fixed rates improving much past 4.25% are slim, and locking is the best option. 

Make it a great week!!

BEST VALUE OF THE WEEK:              

20 Year Fixed at 4.25% with 0 points

TODAY’S RATES:

30 year fixed:     4.375% – .65 points,     4.5% – 0 points,     4.625% – $0 costs

20 year fixed:   4.125% – .85 points,     4.25% – 0 points,     4.5%  – $0 costs

15 year fixed:   3.375% – .84 points,     3.625% – 0 points,     3.875% – $0 costs

5/1 ARM:   2.875% – .85 points,     3.375% – 0 points,     3.875% – $0 costs

7/1 ARM:    3.25% – .99 points,     3.875% – 0 points,     4.5% – $0 costs

10/1 ARM:    4% – .87 points,     4.5% – 0 points

30 year fixed FHA:    3.75% – .64 points,     4% – 0 points,      4.25% – $0 costs

15 year fixed FHA:    3.25% – .17 points,     3.5% – 0 points,      3.75% – $0 costs

30 year fixed VA:     4% – .42 points,     4.25% – $0 costs

Today's Interest Rates - August 15th, 2013

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.  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.

RATES IMPROVE AFTER JULY EMPLOYMENT REPORT

INTEREST RATES IMPROVE .25% – 30 YEAR FIXED TO 4.375%

INTEREST RATES IMPROVE .25%  – 30 YEAR FIXED TO 4.375%

July 15th, 2013

Interest rates gained some positive momentum after the worst day for interest rates in over 10 years on Friday, July 5th.  The market is rebounding, which can often happen when rates move one way very quickly, signaling a possible overreaction by the market.

The Mortgage Backed Security market closed last week trading up + 118 bps and closed Monday, July 15th trading up + 35 bps.  Although interest rate pricing is still not at prior to 4th of July levels, interest rates improving 5 of the past 6 days is a step in a positive direction.

Last Wednesday was interesting in that we saw the release of the FED minutes from the June FOMC meeting and Ben Bernanke delivered a speech later in the day.  The FED minutes showed that about 50% of the FED wants to taper the QE stimulus in 2013.  This further confirmed the market’s belief that the FED’s asset purchasing program would soon be coming to an end.  Then later in the day, Ben Bernanke made a vague speech stating that the FED planned to keep monetary policy positive for business and that the US economy was still not where they wanted it.

Basically what we are seeing is Bernanke back tracking a bit because no one though interest rates would move up this quickly. 

On Wednesday and Thursday, Bernanke will be testifying before the House and the Senate.  Expect further volatility depending on how he answers Congress’s questions.  If he gives the impression that QE will last through the end of 2013, I would expect to see rates improve. 

Until the FED plainly states it’s direction, volatility in the market will continue to be the norm.  When the FED finally does end it’s QE stimulus, expect rates to jump quickly. 

Make it a great week!!       

BEST VALUE OF THE WEEK:    

5/1 ARM at 3.375% with 0 points

TODAY’S RATES:

30 year fixed:     4.375% – 1 point,     4.625% – 0 points,     4.75% – $0 costs

20 year fixed:   4.125% – .81 points,     4.25% – 0 points,     4.625%  – $0 costs

15 year fixed:   3.5% – .73 points,     3.75% – 0 points,     4% – $0 costs

5/1 ARM:   2.875% – .98 points,     3.375% – 0 points

7/1 ARM:    3.25% – .96 points,     3.875% – 0 points

10/1 ARM:    4.125% – 1 point,     4.625% – 0 points

30 year fixed FHA:    3.875% – .6 points,     4% – 0 points,      4.25% – $0 costs

15 year fixed FHA:    3.25% – .85 points,     3.5% – 0 points,      3.75% – $0 costs

30 year fixed VA:    4.25% – $0 costs

TR - July 15th, 2013

INTEREST RATES IMPROVE .25%  – 30 YEAR FIXED TO 4.375%

INTEREST RATES IMPROVE – 30 YEAR FIXED TO 4.25%

INTEREST RATES IMPROVE  –  30 YEAR FIXED TO 4.25%

July 1st, 2013

After the blood bath for interest rates the week before, interest rates managed to pull back some as the panic selling began to taper on Monday.  On Monday morning, the mortgage backed security market was trading down over – 100 bps, and then pulled back close to even by the end of the day.  This was a great sign as it looked like 30 year fixed rates might be at 5% by the end of the week.

The MBS market finished the week quite strong, closing up + 106 bps, with 30 year fixed interest rates down to 4.25%.  

Don’t be fooled though – interest rates will not go back to the mid 3% levels they had been at for quite some time.  The pull back was mainly due to the market panic selling which usually results in a correction the other way.

Ben Bernanke stated very clearly that the FED would likely curtail their asset purchases by the end of 2013 and completely stop them by 2014.  This means that the FED keeping rates lower than they should be will be coming to an end soon – the main question is when.  Some other members of the FED have diffused Bernanke’s comments, stating that there is no set time to stop and that quantitative easing will continue until the economy’s progress dictates them to stop.

Expect interest rate volatility to continue with all eyes on the FED’s actions.  I don’t expect rates to go down significantly unless there is a major economic event that reveals the economy is not progressing like the FED currently thinks it is.  In the long term, I expect rates to continue to rise although we may see some improvement in the short term.  I recommend locking on any improvement. 

Make it a great week and have a happy and safe 4th of July!!           

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.5% with 0 points

TODAY’S RATES:

30 year fixed:     4.25% – 1 point,     4.5% – 0 points,     4.625% – $0 costs

20 year fixed:   4% – .95 points,     4.25% – 0 points,     4.375%  – $0 costs

15 year fixed:   3.5% – .48 points,     3.625% – 0 points,     3.875% – $0 costs

5/1 ARM:   2.75% – 1 point,    3.25% – 0 points

7/1 ARM:    3% – 1 point,     3.5% – 0 points

10/1 ARM:    3.875% – 1 point,     4.625% – 0 points

30 year fixed FHA:    3.75% – .53 points,     3.875% – 0 points,      4.125% – $0 costs

15 year fixed FHA:    3.25% – 0 points,      3.5% – $0 costs

30 year fixed VA:    3.875% – .81 points,     4.25% -$0 costs

Today's Interest Rates - July 1st, 2013

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 IMPROVE  –  30 YEAR FIXED TO 4.25%

INTEREST RATES HIT MULTI YEAR HIGHS – WITH NO SIGNS OF STOPPING

INTEREST RATES HIT MULTI YEAR HIGHS – WITH NO SIGNS OF STOPPING

June 24th, 2013

Last week was the single worst week for interest rates that I can remember (I have been doing mortgages for 10 years). As expected and stated in last week’s update – the FED’s statement on Wednesday would bring about volatility in the market and it certainly did.

Ben Bernanke and the FED maintained that they would scale back the stimulus and bond purchasing plan. The mortgage backed security and stock markets plummeted. The MBS market closed the week trading down -314 bps.  When the dust had settled, 30 year fixed rates were .625% higher than they were at the end of trading on Friday.

The interest rates people have been accustomed to for the past couple years are gone and they are not coming back. I have warned about this for the past year – when the FED leaves the bond purchasing market – rates will go higher, quickly. The FED has basically kept rates lower than they should be for 2.5 years.

On the bright side – interest rates are historically still very good, but I do expect them to continue to rise.

If you can benefit from refinancing – I wouldn’t wait or spend a week shopping. Rates have been moving up so quickly that shoppers are losing a ton more in daily rate hikes than actually finding a better deal. Even if the savings are not unbelievable, this may be your last chance to lower your rate and payment for the life of your loan.

My recommendation is to lock in if you are currently floating.

Make it a great week!!

BEST VALUE OF THE WEEK:

15 Year Fixed at 3.75% with 0 points

TODAY’S RATES:

30 year fixed:      4.5% – .89 points,      4.75% – 0 points,      4.875% – $0 costs

20 year fixed:      4.25% – .32 points,      4.375% – 0 points,      4.75% – $0 costs

15 year fixed:      3.5% – .84 points,      3.75% – 0 points,       4% – $0 costs

5/1 ARM:      3.25% – .81 points

7/1 ARM:      3.375% – .97 points

10/1 ARM:       4.25% – .91 points

30 year fixed FHA:      4% – .99 points,      4.25% – 0 points,       4.5% – $0 costs

15 year fixed FHA:      3.25% – .48 points,      3.375% – 0 points,       3.5% – $0 costs

30 year fixed VA:      4.25% paying 0 points,      4.625%- $0 costs

TR - 6-24-13

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 HIT MULTI YEAR HIGHS  –  WITH NO SIGNS OF STOPPING

INTEREST RATES FINALLY IMPROVE – LOWEST RATES THIS MONTH

INTEREST RATES FINALLY IMPROVE  –  LOWEST RATES THIS MONTH

June 17th, 2013

After 6 straight weeks of interest rates moving higher, interest rates finally showed some improvement last week.  The Mortgage Backed Security market closed the week trading up + 36 bps. 

This is a huge week for interest rates as the Federal Open Market Committee (FOMC) will meet and release a statement on Wednesday followed by a Ben Bernanke press conference.  Ben Bernanke’s last statements caused rates to rise .5% very quickly.  It’s amazing how much power the markets put into any hint of what the FED may do.

There is speculation both ways on what the statement and press conference may reveal.  Some predict that the FED may confirm it will not taper off the bond purchasing program.  I don’t think Bernanke knew his last statement would cause such a panic sell off in the bond markets.  This along with the unemployment rate still being high and the economy not improving as much as the FED would like could cause this response. 

On the other hand there is speculation that the FED will confirm that it will taper off the bond purchasing program, which has been hinted at for some time.

Either way, expect a very volatile rate market after Wednesday.  The news on Wednesday will likely give us direction on where long term interest rates are headed.

Make it a great week!!       

BEST VALUE OF THE WEEK:           

15 Year Fixed at 3.25% – 0 points

TODAY’S RATES:

30 year fixed:     3.875% – .82 points,     4% – 0 points,     4.25% – $0 costs

20 year fixed:   3.625% – .27 points,     3.75% – 0 points,     3.875%  – $0 costs

15 year fixed:   3% – .74 points,     3.25% – 0 points,     3.5% – $0 costs

5/1 ARM:   2.5% – .67 points,     2.75% – 0 points,     3.25% – $0 costs

7/1 ARM:    2.75% – .59 points,     3% – 0 points,     3.375%- $0 costs

10/1 ARM:    3.375% – .86 points,     3.75% – 0 points

30 year fixed FHA:    3.25% – .9 points,     3.5% – 0 points,      3.625% – $0 costs

15 year fixed FHA:    2.75% – .89 points,     3% – 0 points,      3.25% – $0 costs

30 year fixed VA:    3.375% – .66 points,     3.625% paying 0 points,      3.75%- $0 costs

TR - June 17th, 2013

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 FINALLY IMPROVE  –  LOWEST RATES THIS MONTH

INTEREST RATES CONTINUE UPWARD CLIMB / ARMS STILL IN THE 2%’s

INTEREST RATES CONTINUE UPWARD CLIMB   /    ARMS STILL IN THE 2%’s

June 3rd, 2013

Last week was yet another tough week for interest rates as they continue their climb to their highest levels in over a year. The MBS market closed last week trading down – 103 bps.

Each time you see a small rally in the bond market, investors unload and the market continues it’s downward spiral. It’s not uncommon to see the bond market higher in the morning and drop over 50 bps in an hour or two. There is simply not an appetite for mortgage backed securities right now.

The trend of interest rates rising will likely continue unless some economic event worries investors enough to seek safety in mortgage backed securities and US treasuries. Expect heavy volatility to remain the norm.

On Friday, the May unemployment report will be released. Remember that April’s unemployment report and revision to March’s numbers started rates moving higher after hitting very low levels at the beginning of May.

ARM loans continue to be very attractive options as rates on ARM loans don’t move as much with the market as fixed loans do. The most popular ARM loans are fixed for 5,7, or 10 years before they adjust and the adjustments are capped. They are a good option to consider if you missed the boat on refinancing to a low fixed rate.

Make it a great week!!

BEST VALUE OF THE WEEK:

7/1 ARM at 2.75% paying 0 points

TODAY’S RATES:

30 year fixed:    4% paying .66 points,     4.125% paying 0 points,      4.25% – $0 costs

20 year fixed:     3.625% paying .77 points,      3.75% paying 0 points,      4.125% – $0 costs

15 year fixed:     3.125% paying .66 points,      3.375% paying 0 points,      3.5% – $0 costs

5/1 ARM:      2.375% paying .99 points,      2.75% paying 0 points,      3.25% – $0 costs

7/1 ARM:     2.625% paying .91 points,      2.875% paying 0 points,      3.25%- $0 costs

30 year fixed High Balance Loan:     4.125% paying .86 points,      4.375% paying 0 points,      4.5% – $0 costs

30 year fixed FHA:      3.375% paying .66 points,      3.5% paying 0 points,      3.75% – $0 costs

15 year fixed FHA:     2.875% paying .99 points,      3.25% – $0 costs

30 year fixed VA:     3.375% paying .99 points,      3.75%- $0 costs

Today's Interest Rates - June 4th, 2013

 

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 CONTINUE UPWARD CLIMB   /    ARMS STILL IN THE 2%’s

INTEREST RATES GOING UP QUICKLY!!

INTEREST RATES GOING UP QUICKLY!!

May 15th, 2013

Interest rates are moving up quickly all around the world.  Rates have moved higher every day since the release of the April employment report. The mortgage backed security market closed last week trading down -94 bps and this week is trading down -59 bps.

I hinted at this in my last weekly update – I think that May will be a bad month for interest rates. Investors will not buy mortgage backed securities aggressively after getting burned on the April employment report.

The overall sentiment in the bond market is to sell. This likely won’t change without a Fed statement reaffirming continued mortgage backed security purchases, a worse than expected May employment report, or some other major event.

It’s important to keep things in perspective.  Rates are still unbelievably low – they are just a bit higher than the past few weeks. This massive move in the markets has only moved interest rates .125% to .25% higher.

The world is not coming to end, but I would definitely recommend locking in your rate as soon as possible.

Make it a great week!!

BEST VALUE OF THE WEEK:

15 Year Fixed at 2.875% paying 0 points

TODAY’S RATES:

30 year fixed: 3.5% paying 1 point, 3.75% paying 0 points, 3.875% – $0 costs

20 year fixed: 3.375% paying 1 point, 3.625% paying 0 points, 3.75% – $0 costs

15 year fixed: 2.625% paying .78 points, 2.875% paying 0 points, 3% – $0 costs

5/1 ARM: 2.25% paying .65 points, 2.5% paying 0 points, 2.75% – $0 costs

7/1 ARM: 2.5% paying .71 points, 2.75% paying 0 points, 3%- $0 costs

30 year fixed High Balance Loan: 3.75% paying .59 points; 3.875% paying 0 points, 4.25% – $0 costs

30 year fixed FHA: 3.25% – $0 costs

15 year fixed FHA: 2.75% paying 0 points, 3% – $0 costs

30 year fixed VA: 3.25% paying 0 points, 3.25% – $0 costs

TR- 5-14-2013

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.

LOWEST RATES OF 2013 – 30 YEAR FIXED DOWN TO 3.25%

LOWEST RATES OF 2013   –   30 YEAR FIXED DOWN TO 3.25%

April 28th, 2013

Interest rates have fallen to the lowest levels of 2013 and are close to their lowest levels ever.  The mortgage backed security market closed the week trading (+ 39 bps).  The 10 year note broke a key technical indicator trading below 1.69%. 

Interest rates are on a roll and now is a great time to lock in a great rate.  You can currently get a 30 year fixed rate at 3.25% with less than a point and a 15 year fixed rate at 2.5% with less than a point. 

When rates hit really low levels, they usually don’t stay there for long.  This coming week will likely be volatile with the Federal Open Market Committee meeting and April’s employment numbers coming out on Friday.

I would recommend locking early this week if you are in the market for a home loan.

Make it a great week!!   

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.375% paying 0 points

15 Year Fixed at 2.625% paying 0 points

TODAY’S RATES:

30 year fixed:     3.25% paying .88 points,     3.375% paying 0 points,     3.5% – $0 costs

20 year fixed:   3.125% paying .23 points,     3.25% paying 0 points,     3.375%  – $0 costs

15 year fixed:   2.375% paying .92 points,     2.625% paying 0 points,     2.875% – $0 costs

5/1 ARM:   2.125% paying .89 points,     2.375% paying 0 points,     2.625% – $0 costs

7/1 ARM:    2.25% paying .99 points,     2.625% paying 0 points,     2.75%- $0 costs

30 year fixed High Balance Loan:    3.5% paying .73 points;     3.75% – $0 costs

30 year fixed FHA:    3% paying .93 points;     3.25% – $0 costs

15 year fixed FHA:    2.375% paying .94 points,     2.75% – $0 costs

30 year fixed VA:    3.25% – $0 costs

TR - April 28th, 2013

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.

Lowest Rates of 2013 – 30 year fixed down to 3.25%

TODAY’S INTEREST RATES – 30 YEAR FIXED AT 3.5%

TODAY’S INTEREST RATES – 30 YEAR FIXED AT 3.5%

April 22nd, 2013

It’s been an uneventful week for interest rates. The Mortgage Backed Security market closed the week trading up (+ 3 bps). It’s suprising that we didn’t see more positive interest rate momentum with the stock market having one of it’s worst weeks in the past year.

The DOW Jones closed last week trading down -317 and polls show Americans are becoming pessimistic about the economy again. Last week would typically result in improving rates, but US Treasuries and the MBS market couldn’t surpass technical indicators to cause rates to drop.

It’s possible we may have hit the rate floor. Interest rates are unbelievably low, but still not at the all time low levels hit last year.

Make it a great week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.625% paying 0 points

TODAY’S RATES:

30 year fixed:      3.5% paying .20 points, 3.625% paying 0 points, 3.75% – $0 costs

20 year fixed:     3.375% paying .52 points, 3.5% paying 0 points, 3.625% – $0 costs

15 year fixed:      2.5% paying .99 points, 2.75% paying 0 points, 3% – $0 costs

5/1 ARM:      2% paying .99 points, 2.375% paying 0 points, 2.625% – $0 costs

7/1 ARM:     2.25% paying .99 points, 2.625% paying 0 points, 2.75%- $0 costs

30 year fixed High Balance Loan:     3.625% paying .82 points; 3.75% paying 0 points; 4% – $0 costs

30 year fixed FHA:     3.25% – $0 costs

15 year fixed FHA:     2.75% paying 0 points, 3% – $0 costs

30 year fixed VA:      3.25% – $0 costs

TR - 4-15-2013

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.

TODAY’S INTEREST RATES – 30 YEAR FIXED AT 3.5%,  April 22nd, 2013

INTEREST RATES HOLD STEADY

INTEREST RATES HOLD STEADY

April 15th, 2013

Happy Tax Day!!

Interest rates closed last week very similar to where they started the week.  The Mortgage Backed Security market closed the week trading down (– 22 bps), but closed Monday trading up (+ 16 bps).

We are finally seeing some signs of weakness in the stock market, which could be a good sign for interest rates.  On Monday, the DOW Jones closed more than 100 points down.  China’s 1st quarter GDP was lower than expected.  The gold market crashed. 

The increased uneasiness in the stock markets should see more investors flock to the safety of US Treasuries and mortgage backed securities.  The stock market has been due for a pull back, and it appears it may be upon us.

Overall, interest rates are very good right now, but may even drop a bit lower.  Expect a lot of volatility this week with many economic reports set to be released. 

Make it a great week!!   

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.625% paying 0 points

TODAY’S RATES:

30 year fixed:     3.5% paying .20 points,     3.625% paying 0 points,     3.75% – $0 costs

20 year fixed:   3.375% paying .52 points,     3.5% paying 0 points,     3.625%  – $0 costs

15 year fixed:   2.625% paying .62 points,     2.875% paying 0 points,     3% – $0 costs

5/1 ARM:   2% paying .99 points,     2.375% paying 0 points,     2.625% – $0 costs

7/1 ARM:    2.25% paying .99 points,     2.625% paying 0 points,     2.75%- $0 costs

30 year fixed High Balance Loan:    3.625% paying .63 points;     3.75% paying 0 points;     3.875% – $0 costs

30 year fixed FHA:    3.25% – $0 costs

15 year fixed FHA:    2.75% paying 0 points,     3% – $0 costs

30 year fixed VA:    3.25% – $0 costs

TR - 4-15-2013

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.