Category: purchase

WEEKLY RATE – Interest Rates Trending Up Going into 2016

WEEKLY RATE – Interest Rates Trending Up Going into 2016

December 2015

After some improvement in mortgage rates after the FED announcement, rates have begun to trend up.

The Mortgage Backed Security (MBS) market closed last week down – 24 bps and is trading down -18 bps this week.

Currently interest rate pricing is close to the highest levels since July of 2015 and most analysts believe mortgage interest rates will rise in 2016.

Have a Happy and Safe New Years!!

For a free email mortgage quote, please answer questions on the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

Below are today’s interest rates. Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:      4.125% – .73 points (4.27% APR),       4.25% – 0 points (4.29% APR)
20 year fixed:       4.0% – .46 points (4.1 % APR),       4.125% – 0 points (4.16% APR)
15 year fixed:       3.375 % – .84 points (3.54% APR),        3.625% – 0 points (3.67% APR)
10 year fixed:       3.25% – .93 points (3.43% APR),        3.5% – 0 points (3.52% APR)
5/1 ARM:       3.5% – 1 point (3.7% APR),        4.125% – 0 points (4.17% APR)
7/1 ARM:       3.625% – .99 points (3.83% APR),        4.125% – 0 points (4.15% APR)
30 year fixed FHA:       3.75% – .48 points (4.54% APR),        3.875% – 0 points (4.57% APR)
15 year fixed FHA:       3.375% – .7 points (3.81% APR),       3.625% – 0 points (3.82% APR)
30 year fixed VA:       3.75% – .73 points (3.89% APR),       4.0% – 0 points (4.04% APR)

Today's Interest Rates - December 29th, 2015

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. December 29th 2015 30 year fixed rates, December 30th 2015 30 year fixed rates, December 31st 2015 30 year fixed rates, January 1st 2015 30 year fixed rates, January 2nd 2015 30 year fixed rates, January 3rd 2015 30 year fixed rates, January 4th 2015 30 year fixed rates.

WEEKLY RATE – Interest Rates Trending Up Going into 2016

Rates Move Up Slightly from Prior Weeks 5 Month Lows

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:

WWW.FREEMORTGAGEQUOTE.BIZ

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 Interest Rates - October 13th, 2015
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

WEEKLY RATE – Rates Improve to Lowest Levels in 5 Months

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:

WWW.FREEMORTGAGEQUOTE.BIZ

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 Interest Rates - October 5th, 2015
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

Rates neutral after FED Announcement / Employment Report on Friday

Rates neutral after FED Announcement / Employment Report on Friday

September 2015

Interest rates haven’t moved much since the FED announcement to not raise the Federal Funds rate last Thursday. The Mortgage Backed Security (MBS) market traded down – 25 bps last week. This correction was somewhat expected after the MBS market went up so much after the FED announcement.

Interest rate pricing is still very close to their lowest levels in 4 months with the MBS market trading up + 16 bps so far on Monday.

Today the NY Fed President Bill Dudley spoke and stated that the FED will likely raise the Federal Funds rate by the end of the year. This week is employment week with the September Non Farm Payroll report due out on Friday. That report is always a big one and could cause rate volatility up or down depending on how the numbers compare to forecasts.

For a free email mortgage quote, please answer questions on the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

Below are today’s interest rates. Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       3.875% – .60 points (3.99% APR),       3.99% – 0 points (4.04% APR)
20 year fixed:       3.625% – .72 points (3.76% APR),       3.75% – 0 points (3.79% APR)
15 year fixed:       2.99% – 1 point (3.19% APR),       3.25% – 0 points (3.28% APR)
10 year fixed:       2.75% – .88 points (2.92% 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% – .85 points (3.42% APR),         3.625% – 0 points (3.66% APR)
30 year fixed FHA:        3.625% – .84 points (4.49% APR),         3.75% – 0 points (4.45% APR)
15 year fixed FHA:        3.125% – .57 points (3.53% APR),        3.375% – 0 points (3.67% APR)
30 year fixed VA:        3.75% – 0 points (3.77% APR)

Today's Interest Rates - September 28th, 2015
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 28th 2015 30 year fixed rates, September 29th 2015 30 year fixed rates, September 30th 2015 30 year fixed rates, October 1st 2015 30 year fixed rates, October 2nd 2015 30 year fixed rates, October 3rd 2015 30 year fixed rates, October 4th 2015 30 year fixed rates.

Rates neutral after FED Announcement / Employment Report on Friday

Rates slowly rise after hitting lowest levels of the year

Rates slowly rise after hitting lowest levels of the year

November 2nd, 2014

Since rates hit their lowest levels since June of 2013 two to three weeks ago, interest rates have slowly drifted higher. The Mortgage Backed Security market (MBS) closed last week trading down -17 bps, and the previous week down – 15 bps. This is a common reaction when rates go quickly one way, there is usually a pull back the other way.  Even with the rise in rates, interest rates are still lower than they have been for a long time before the recent drop.

On Friday, Japan announced a large increase in their quantitative easing program – equivalent to over 720 billion in US dollars. This caused stocks to rise, but the MBS market, which normally would be hit hard by this news, only closed down – 6 bps. This shows that the current level of mortgage interest rates is quite strong. 

Interest rates will be tested again this week. On Thursday, The European Central Bank will release a policy statement. On Friday – the US employment report will be released for October.  If you are looking for safety, I would lock rates before Thursday.

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:

20 Year Fixed at 3.75% 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% – .875 points (3.7% APR),       3.75% – 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:        3.375% – 1 point (4.575% 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),           3.625% – 0 points (3.67% APR)

Today's Interest Rates - November 2nd, 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, 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 7th 2014 30 year fixed rates, October 8th 2014 30 year fixed rates, October 9th 2014 30 year fixed rates, October 10th 2014 30 year fixed rates, October 11th 2014 30 year fixed rates, October 12th 2014 30 year fixed rates, October 13th 2014 30 year fixed rates.

Rates slowly rise after hitting lowest levels of the year

RATES HIT 1 MONTH LOWS

Rates Hit 1 Month Lows

October 7th, 2014

Interest rates continued to gradually move slower last week. The Mortgage Backed Security (MBS) market finished the week trading up + 45 bps – pushing interest rates in line with their lowest levels in a month.

On Friday, the September employment report was released. Job creation beat all expectations but the good news was interest rates stayed firm and the MBS market only closed down – 9 bps. This is an interesting development, as typically a strong labor report results in interest rates moving higher in a hurry.

The MBS market is also doing well this week, closing Monday up + 19 bps.  Right now we are hitting a level of resistance in the bond market where over the past year – rates haven’t moved much lower than. This trading will likely continue unless a major event propels the bond market lower.

There is not a lot of economic data coming out this week – so interest rates should remain relatively stable for the rest of the week. 30 year fixed are currently at 4.125% paying .125 pts, and 15 year fixed are currently at 3.125% paying 1 point.

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

10 Year Fixed at 3.125% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:         4.125% – .125 points (4.145% APR),         4.25% – 0 points (4.28% APR)

20 year fixed:         3.875% – .75 points (3.89% APR),         4% – 0 points (4.05% APR)

15 year fixed:         3.125% – 1 point (3.32% APR),           3.5% – 0 points (3.52% APR)

10 year fixed:        3.0% – .5 points (3.1% APR),         3.125% – 0 points (3.13% APR)

5/1 ARM:        2.875% – .87 point (3.04% APR),         3.125% – 0 points (3.129% APR)

7/1 ARM:       3.125% – 1 point (3.32% APR),        3.375% – 0 points (3.39% APR)

30 year fixed FHA:        3.5% – .875 points (4.67% APR),         3.75% – 0 points (4.75% APR)

15 year fixed FHA:       3% – 1 point (3.5% APR),        3.25% – 0 points (3.55% APR)

30 year fixed VA:       3.625% – .875 points (3.76% APR),         3.75% – 0 points (3.82% APR)

Today's Interest Rates - October 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, 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 7th 2014 30 year fixed rates, October 8th 2014 30 year fixed rates, October 9th 2014 30 year fixed rates, October 10th 2014 30 year fixed rates, October 11th 2014 30 year fixed rates, October 12th 2014 30 year fixed rates, October 13th 2014 30 year fixed rates.

Rates Hit 1 Month Lows

RATES CONTINUE TO IMPROVE , PAYROLL REPORT ON FRIDAY

Rates Continue to Improve , Payroll report on Friday

September 30th, 2014

Interest rates continued to steadily improve over the past week. The Mortgage Backed Security market (MBS) closing last week up + 35 bps, and closed Monday up + 14 bps.

The effect on interest rates is lower costs available at each rate.

30 Year Fixed rates settled in at 4.125% costing .1 points, and 15 year fixed rates remained at 3.25% with lower fees – .5 points.

The MBS and interest rate markets are still being helped by Europe’s economic situation and various geo-political concerns across the globe. On Friday – the most important economic report of all – the September non farm payroll jobs report will be released. I always recommend locking in before this is released because interest rates have the opportunity to move quickly depending on the results of job creation versus market expectations.

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

20 Year Fixed at 4.0% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      4.125% – .1 points (4.145% APR),       4.25% – 0 points (4.28% APR)

20 year fixed:       3.75% – .78 points (3.89% APR),       4% – 0 points (4.05% APR)

15 year fixed:       3.25% – .5 points (3.35% APR),       3.375% – 0 points (3.4% APR)

10 year fixed:       3.125% – .39 points (3.19% APR),       3.375% – 0 points (3.39% APR)

5/1 ARM:       2.75% – .76 point (2.9% APR),       3% – 0 points (3.05% APR)

7/1 ARM:       3% – .9 points (3.18% APR),        3.375% – 0 points (3.4% APR)

30 year fixed FHA:       3.625% – .67 points (4.74% APR),        3.75% – 0 points (4.75% APR)

15 year fixed FHA:       3% – .59 points (3.42% APR),        3.25% – 0 points (3.55% APR)

30 year fixed VA:        3.75% – 0 points (3.82% APR)

Today's Interest Rates - September 24th, 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, 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 30th 2014 30 year fixed rates, October 1st 2014 30 year fixed rates, October 2nd 2014 30 year fixed rates, October 3rd 2014 30 year fixed rates, October 4th 2014 30 year fixed rates, October 5th 2014 30 year fixed rates, October 6th 2014 30 year fixed rates.

Rates Continue to Improve , Payroll report on Friday

Mortgage Interest Rates Hit 2 Week Lows

Mortgage Interest Rates Hit 2 Week Lows

September 24th, 2014

Mortgage interest rate pricing is a fickle market to follow. Last week, mortgage interest rate pricing had moved higher – pushing mortgage interest rates to some of their highest levels in close to 4 months. The rates pricing wasn’t that much higher, but since interest rate pricing has stayed in a narrow range for most of 2014 – it was some of the highest pricing we have seen in a while.

On Wednesday, the FOMC statement came and went with no real surprise news. The FED will continue to tighten their monetary policy and will eventually raise the Federal Funds rate – but without an exact date mentioned.

Because many expected an announced date to raise the Federal Funds rate, interest rate pricing has gradually improved since Wednesday. In fact, interest rates have improved 4 days straight going into Wednesday and are at their lowest levels in 2 weeks.

30 Year Fixed rates have moved to a level where 4.125% is only costing a portion of a point. All the other Conforming, FHA and VA pricing options have improved as well. Now could be a good time to lock in as rates will usually rebound the other way after multiple day improvement.

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

5/1 ARM at 3.0% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .16 points (4.157% APR),        4.25% – 0 points (4.28% APR)

20 year fixed:       3.875% – .54 points (3.99% APR),        4.125% – 0 points (4.15% APR)

15 year fixed:       3.25% – .67 points (3.37% APR),         3.5% – 0 points (3.54% APR)

10 year fixed:        3.125% – .45 points (3.21% APR),         3.25% – 0 points (3.3% APR)

5/1 ARM:        2.75% – .82 point (2.92% APR),         3% – 0 points (3.05% APR)

7/1 ARM:        3% – .95 points (3.19% APR),         3.25% – 0 points (3.3% APR)

30 year fixed FHA:        3.625% – .84 points (4.64% APR),         3.75% – 0 points (4.75% APR)

15 year fixed FHA:         3.25% – 0 points (3.55% APR)

30 year fixed VA:          3.75% – .35 points (3.81% APR),           3.875% – 0 points (3.91% APR)

Today's Interest Rates - September 15th, 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, 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 24th 2014 30 year fixed rates, September 25th 2014 30 year fixed rates, September 26th 2014 30 year fixed rates, September 27th 2014 30 year fixed rates, September 28th 2014 30 year fixed rates, September 29th 2014 30 year fixed rates, September 30th 2014 30 year fixed rates

Mortgage Rates Hit 2 week Lows

INTEREST RATES IMPROVE 7 STRAIGHT DAYS / VOLATILITY AHEAD

INTEREST RATES IMPROVE 7 DAYS STRAIGHT / VOLATILITY AHEAD

September 3rd, 2014

I hope everyone had a happy and safe Labor Day weekend.

Interest rates improved 7 days straight with the Mortgage Backed Security market trading higher every day last week and closing + 38 bps higher on the week. Unfortunately, the MBS market sold off some on Tuesday, selling down -27 bps and taking away most of the gains from last week.

Currently 30 year fixed rates sit at 4% paying .87 points, and 4.125% paying 0 points.

This week has a lot of economic data coming out and I would recommend locking pricing before Friday.

Thursday – the European Central Bank (ECB) will meet and many hope they reveal an asset purchasing plan that will push more money into the economy.

Friday – the all important August employment report will be released.

I think rates could go a bit higher this week and there will likely be more volatility this week than normal. Even so, I don’t see huge rate swings but most likely closing costs swings at any given rate. I still see rates trading in a relatively narrow range as they have done for most of 2014.

For a free email mortgage quote, please go to mortgage quote tab 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 4.125% paying 0 points

15 Year Fixed at 3.375% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      4% – .87 points (4.17% APR),       4.125% – 0 points (4.17% APR)

20 year fixed:       3.75% – .84 points (3.91% APR),       4% – 0 points (4.04% APR)

15 year fixed:       3.25% – .58 points (3.36% APR),        3.375% – 0 points (3.41% APR)

10 year fixed:       3.0% – 1 point (3.2% APR),        3.25% – 0 points (3.28% APR)

5/1 ARM:       2.75% – .81 point (2.91% APR),        3% – 0 points (3.05% APR)

7/1 ARM:       3.125% – .51 points (3.23% APR),       3.375% – 0 points (3.4% APR)

30 year fixed FHA:       3.375% – .82 points (4.575% APR),        3.625% – 0 points (4.65% APR)

15 year fixed FHA:        3% – .97 points (3.5% APR),         3.25% – 0 points (3.55% APR)

30 year fixed VA:        3.5% – .72 points (3.65% APR),        3.75% – 0 points (3.78% APR)

Today's Interest Rates - September 3rd, 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, 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 3rd 2014 30 year fixed rates, September 4th 2014 30 year fixed rates, September 5th 2014 30 year fixed rates, September 6th 2014 30 year fixed rates, September 7th 2014 30 year fixed rates, September 8th 2014 30 year fixed rates, September 9th 2014 30 year fixed rates.

INTEREST RATES IMPROVE 7 DAYS STRAIGHT / VOLATILITY AHEAD

RATES MOVE SIDEWAYS / VOLATILITY AHEAD

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 Interest Rates - August 11th, 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. 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