RATES HAVE GREAT WEEK – FED STATEMENT ON WEDNESDAY

RATES HAVE GREAT WEEK – FED STATEMENT ON WEDNESDAY.

April 28th, 2014

Interest rates improved or stayed the same every day last week. The Mortgage Backed Security (MBS) market closed the week trading up + 58 bps.

The primary reason for interest rate improvement is renewed concerns regarding Ukraine/Russia and a slumping stock market. The week before last, rates went up due to reports of a peace agreement between Ukraine and Russia. Last week, the exact opposite happened. It’s fair to say that continued developments in the Ukraine/Russia conflict are having a major effect on interest rate pricing and will likely continue to do so until the conflict is over.

This week, the FED will be releasing a statement on Wednesday after their meetings. It is expected that the FED will taper their bond purchasing program another 10 billion at the meeting.

Because of further tapering, I think that interest rates will trend higher after Wednesday this week unless there is a major breakthrough in peace talks between Russia and Ukraine.

For a free email mortgage quote, please go to the get a mortgage quote tab on the right or go to http://www.freemortgagequote.biz.

Below are today’s interest rates – have a wonderful week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.375% paying 0 points

20 Year Fixed at 4.125% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      4.25% – .67 points (4.38% APR),       4.375% – 0 points (4.42% APR)

20 year fixed:     4% – .86 points (4.17% APR),     4.19% – 0 points (4.28% APR)

15 year fixed:     3.375% – .56 points (3.485% APR),      3.5% – 0 points (3.55% APR)

10 year fixed:      3% – .81 points (3.16% APR),       3.25% – 0 points (3.28% APR)

5/1 ARM:      2.875% – .58 points (2.99% APR),       3.125% – 0 points (3.17% APR)

7/1 ARM:       3.25% – .99 points (3.45% APR),       3.5% – 0 points (3.53% APR)

30 year fixed FHA:       3.75% – .93 points (4.35% APR),      4% – 0 points (4.6% APR)

15 year fixed FHA:      3.25% – .32 points (3.61% APR),        3.375% – 0 points (3.7% APR)

30 year fixed VA:       3.75% – .67 points (3.89% APR),      4% – 0 points (4.07% APR)

Today's Interest Rates - April 28th 2014 (3)

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. April 28th 2014 30 year fixed rates, April 29th 2014 30 year fixed rates, April 30th 2014 30 year fixed rates, May 1st 2014 30 year fixed rates, May 2nd 2014 30 year fixed rates, May 3rd 2014 30 year fixed rates, May 4th 2014 30 year fixed rates.

RATES HAVE GREAT WEEK – FED STATEMENT ON WEDNESDAY.

INTEREST RATES HIT 3 WEEK LOWS

INTEREST RATES HIT 3 WEEK LOWS

April 7th, 2014

Interest rates look primed to continue moving higher last week. Most market watchers expected a really strong March employment report, which would have likely pushed interest rates much higher on Friday.

The employment report numbers were actually pretty decent. There were 192k non payroll jobs created, slightly below the 200k expectation. February’s job creation was also adjusted higher. Overall, the numbers weren’t much lower than predicted, but the Mortgage Backed Security market benefited greatly from job creation not reaching their estimates.

The MBS market closed + 43 basis points on Friday alone, and then followed up on Monday closing up + 32 basis points. The stock market also had 2 very bad days with investors moving money from stocks to bonds.

Now is a great time to lock in and take advantage of the recent improvement.

Below are today’s interest rates – have a wonderful week!!

BEST VALUE OF THE WEEK:

20 Year Fixed at 4.25% with 0 points

15 Year Fixed at 3.5% with 0 points

TODAY’S INTEREST RATES:

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

20 year fixed:  4% – .93 points,      4.25% – 0 points,      4.375% – $0 costs

15 year fixed:  3.375% – .586 points,      3.5% – 0 points,       3.75% – $0 costs

10 year fixed:  3% – .54 points,      3.25% – 0 points,       3.5% – $0 costs

5/1 ARM:  2.75% – .73 points,      3% – 0 points,      3.25% – $0 costs

7/1 ARM:  3.125% – .85 points,      3.375% – 0 points,      3.625% – $0 costs

30 year fixed FHA:  3.75% – .84 points,      4% – 0 points,      4.25% – $0 costs

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

30 year fixed VA:     3.75% – .58 points,      4% – 0 points,      4.125% – $0 costs

Today's Interest Rates - April 7th, 2014

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. April 7th  2014 30 year fixed rates, April 8th 2014 30 year fixed rates, April 9th 2014 30 year fixed rates, April 10th 2014 30 year fixed rates, April 11th 2014 30 year fixed rates, April 12th 2014 30 year fixed rates, April 13th 2014 30 year fixed rates, April 14th 2014 30 year fixed rates.

Interest Rates hit 3 week lows – April 7th – 8th, 2014

 

INTEREST RATES MOVE LOWER / QUALIFYING BASED ON ASSETS INSTEAD OF INCOME

INTEREST RATES MOVE LOWER     /      QUALIFYING BASED ON ASSETS INSTEAD OF INCOME

INTEREST RATES MOVE LOWER:

March 31st, 2014

Interest rates moved slightly lower last week with the Mortgage Backed Security Market closing the week up + 13 basis points.

Overall the interest rate market has been very stable over the past week with not a lot of movement one way or the other. This week will likely be choppy with a lot of economic data coming in, headlined by the March Employment report on Friday. The employment report usually has the largest effect on interest rates over any other economic date report.

The recent economic data on the US economy has been positive. The reason rates haven’t risen as much as they probably should is because investors are seeking safety in bonds with the uncertainty in Ukraine and now concerns over China’s banking system.

My long term outlook remains that interest rates will gradually increase due a number of events:

The FED will continue to taper their bond purchasing program

Most economic reports are showing positive US economic gains – which puts pressure on rates to go higher.

The uncertainty of the weather affecting the economy will begin to fade in spring – so the economic data will likely have a bigger impact now that investors know the data is not skewed by a harsh winter in many parts of the country.

For a free email mortgage quote, please go to http://www.freemortgagequote.biz

Below are today’s interest rates – have a wonderful week!!

BEST VALUE OF THE WEEK:

20 Year Fixed at 4.25% with 0 points

7/1 ARM at 3.5% with 0 points

TODAY’S INTEREST RATES:

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

20 year fixed:       4.125% – .63 points,       4.25% – 0 points,        4.5% – $0 costs

15 year fixed:      3.5% – .41 points,       3.625% – 0 points,       3.75% – $0 costs

10 year fixed:       3.125% – .67 points,       3.375% – 0 points,       3.625% – $0 costs

5/1 ARM:       2.875% – .77 points,        3.125% – 0 points,       3.375% – $0 costs

7/1 ARM:      3.25% – .8 points,       3.5% – 0 points,       3.75% – $0 costs

30 year fixed FHA:      3.875% – .81 points,        4.125% – 0 points,       4.25% – $0 costs

15 year fixed FHA:       3.25% – .41 points,        3.375% – 0 points,        3.625% – $0 costs

30 year fixed VA:       3.875% – .55 points,        4% – 0 points,        4.25% – $0 costs

Today's Interest Rates - March 31st, 2014

QUALIFYING BASED ON ASSETS INSTEAD OF INCOME:

Introducing a new Crossline Capital product that allows a customer to qualify based on their assets versus just a provable income.

ASSET DEPLETION PROGRAM:

The Asset Depletion program is meant to help assist customers in getting to a qualifiable debt to income ratio based on assets the customers have. The customer can qualify based on just assets or also based on normal income plus assets.

Here are the details of the program:

-Customer can use liquid assets (checking, savings, stocks, mutual funds). Customer can use retirement accounts only if they are over 65 years of age.

-The income is qualified by taking total assets and calculating a loan payment off it.

The total assets are the loan amount.

The rate will always be 5%. (not the rate of the loan, but the rate of the income calculation)

The term of the loan calculation is based on 85 minus the customers age. If this is over 30 – you would bring loan term down to 30. If this is under 10 – you would bring loan term down to 10.

I can do this for you – or if you have a mortgage calculator you would enter – 5% for rate, liquid assets for loan amount, term calculation above for term, and solve for the payment. The payment is the amount of income we can use to qualify this customer with their assets.

-Assets do not need to be withdrawn

-Minimum loan amount of $300,000.

-Available loan products are 5/1, 7/1 and 10/1 ARMs

Please contact me if you would like to see if you qualify for this product.

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. January 27th 2014 30 year fixed rates, March 31st 2014 30 year fixed rates, April 1st 2014 30 year fixed rates, April 2nd 2014 30 year fixed rates, April 3rd 2014 30 year fixed rates, April 4th 2014 30 year fixed rates, April 5th 2014 30 year fixed rates.