Category: scottsdale real estate agent

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 Improve / FED doesn’t raise Federal Funds Rate

Rates Improve / FED doesn’t raise Federal Funds Rate

September 2015

Interest rates improved significantly on Thursday and Friday after the Federal Open Market Committee (FOMC) announced they would not raise the Federal Funds Rate. The Mortgage Backed Security (MBS) market closed Thursday/Friday trading up +83 bps, and the week up +47 bps. Perhaps more important, the FEDs comments on the fragility of the economy lead some in the market to believe that the Federal Funds Rate could stay at 0% for some time.

30 year fixed rates are now available at 3.875% paying .79 points (4.03% APR), and 3.99% paying 0 points (4.05% APR). 15 year fixed rates are now available at 2.99% paying 1 point (3.19% APR), and 3.25% paying 0 points (3.28% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

With interest rates near 4 month lows – now is a great time to lock in.

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

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:       3.875% – .79 points (4.03% APR),       3.99% – 0 points (4.05% APR)

20 year fixed:      3.625% – .91 points (3.81% APR),      3.875% – 0 points (3.9% APR)

15 year fixed:      2.99% – .51 points (3.19% APR),       3.25% – 0 points (3.28% APR)

10 year fixed:       2.75% – .84 points (2.91% APR),       3.0% – 0 points (3.04% APR)

5/1 ARM:      3.0% – .98 points (3.2% APR),       3.375% – 0 points (3.4% APR)

7/1 ARM:       3.25% – .92 points (3.43% APR),        3.625% – 0 points (3.66% APR)

30 year fixed FHA:       3.625% – .82 points (4.48% APR),         3.75% – 0 points (4.45% APR)

15 year fixed FHA:        3.0% – .95 points (3.45% APR),          3.25% – 0 points (3.5% APR)

30 year fixed VA:         3.75% – 0 points (3.77% APR)

TR - September 21st, 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 21st 2015 30 year fixed rates, September 22nd 2015 30 year fixed rates, September 23rd 2015 30 year fixed rates, September 24th 2015 30 year fixed rates, September 25th 2015 30 year fixed rates, September 26th 2015 30 year fixed rates, September 27th 2015 30 year fixed rates.

Rates Improve / FED doesn’t raise Federal Funds Rate

Rates go up slightly – Fed makes statement on rates September 17th

Rates go up slightly – Fed makes statement on rates September 17th

September 2015

Interest rates went up slightly last week with the Mortgage Backed Security (MBS) market closing the week down – 28 bps.

30 year fixed rates are now available at 3.875% paying .89 points (4.05% APR), and 4.125% paying 0 points (4.14% APR). 15 year fixed rates are now available at 3.125% paying .51 point (3.22% APR), and 3.25% paying 0 points (3.28% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

The major news this week will still be the Federal Open Market Committee’s (FOMC) statement at 2 pm on Thursday, September 17th 2015. In a recent poll, 46% of Wall Street economists are predicting the FED to raise the Federal Funds rate. I still don’t think they will but the uncertainty of when they will is certainly taking a toll on the market.

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

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:      3.875% – .89 points (4.05% APR),       4.125% – 0 points (4.14% APR)

20 year fixed:      3.625% – 1 point (3.82% APR),       3.875% – 0 points (3.9% APR)

15 year fixed:       3.125% – .51 points (3.22% APR),        3.25% – 0 points (3.28% APR)

10 year fixed:       2.75% – 1 point (2.95% APR),        3.0% – 0 points (3.04% APR)

5/1 ARM:       3.0% – .94 points (3.18% APR),        3.375% – 0 points (3.4% APR)

7/1 ARM:       3.25% – .89 points (3.42% APR),       3.625% – 0 points (3.66% APR)

30 year fixed FHA:       3.625% – .97 points (4.51% APR),         3.75% – 0 points (4.55% APR)

15 year fixed FHA:         3.0% – 1 point (3.5% APR),          3.375% – 0 points (3.67% APR)

30 year fixed VA:        3.75% – 0 points (3.79% APR)

Today's Interest Rates - September 14th, 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 14th 2015 30 year fixed rates, September 15th 2015 30 year fixed rates, September 16th 2015 30 year fixed rates, September 17th 2015 30 year fixed rates, September 18th 2015 30 year fixed rates, September 19th 2015 30 year fixed rates, September 20th 2015 30 year fixed rates.

Rates go up slightly – Fed makes statement on rates September 17th

Today’s Rates – 30 Year Fixed at 3.75%

Today’s Rates – 30 Year Fixed at 3.75%

December 8th, 2014

Interest rates are improving today – as of 12 pm Pacific – the Mortgage Backed Security (MBS) market is trading up + 35 bps.

This is welcome news after interest rates went higher 4 of 5 days last week. The MBS market closed down – 67 bps last week. The week was capped by a stronger than expected November employment report where non-farm payroll job creation rose 321,000 compared to estimates of 230,000.

Most US economic reports have been positive recently – but rates have held up remarkably well due to economic weakness in other parts of the world. Although the FED’s Quantitative Easing program is coming to an end, many expect the European Central Bank (ECB) to initiate an asset purchase program which would be beneficial for interest rates.

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

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

BEST VALUE OF THE WEEK:

30 Year Fixed at 4% paying 0 points

15 Year Fixed at 3.375% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      3.75% – 1 point (3.95% APR),       4% – 0 points (4.04% APR)

20 year fixed:      3.625% – .75 points (3.75% APR),        3.75% – 0 points (3.79% APR)

15 year fixed:       3.125% – .5 points (3.175% APR),        3.375% – 0 points (3.4% APR)

10 year fixed:        2.875% – .75 points (3.03% APR),         3.125% – 0 points (3.17% APR)

5/1 ARM:        2.875% – 1 point (3.175% APR),         3.25% – 0 points (3.28% APR)

7/1 ARM:        3.125% – .875 points (3.3% APR),         3.375% – 0 points (3.39% APR)

30 year fixed FHA:        3.375% – .875 points (4.55% 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% – .5 points (3.6% APR),         3.625% – 0 points (3.67% APR)

Today's Interest Rates -December 8th, 2014

 

Today’s Rates  – 30 Year Fixed at 3.75%

Rates Improve after Employment report , The Return of the No Appraisal Refinance

RATES IMPROVE AFTER EMPLOYMENT REPORT

November 10th, 2014

Interest rates improved to 1.5 week lows after October’s employment report was released on Friday. Non Farm Payroll jobs increased 214,000 in October but were lower than expectations of 235,000 plus. The Mortgage Backed Security (MBS) market closed up + 46 bps on Friday alone – taking back the losses from earlier in the week and closing the week positive + 25 bps.

On Monday the bond market pulled back taking some of the gains from Friday – closing down -31 bps on the Day. The bond Market is closed for Veterans day. Thank you to all the Veterans out there that have served our country.

Interest rates are very similar to where they started last week. Retail sales will be the biggest report of the week on Friday.

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

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

THE RETURN OF THE NO APPRAISAL REFINANCE

With Fannie Mae’s new version of their underwriting system DU – mortgage bankers and their clients are seeing a welcome change in the return of the PIW

PIW stands for Property Inspection Waiver.

When running a Fannie Mae Approval – sometimes Fannie Mae’s system grants a PIW which allows us to complete the loan without getting an actual appraisal.  These No appraisal refinances are not for upside down homes, lower credit borrowers, cash out loans, etc.  They are typically granted when there is a decent amount of equity based on average prices in the area and they are usually granted for higher credit score borrowers.

The purpose is to allow someone that has equity and great credit to get a loan without having to physically get an appraisal. 

This is a welcome return – as it allows well qualified customers to complete a refinance without an out pocket expense and we can usually close the loan very quickly.

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.125% paying 0 points

5/1 ARM at 3.125% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       4% – .25 points (4.05% APR),        4.125% – 0 points (4.15% APR)

20 year fixed:       3.625% – 1 points (3.72% APR),        3.875% – 0 points (3.78% APR)

15 year fixed:       3.125% – .625 points (3.24% APR),        3.375% – 0 points (3.38% APR)

10 year fixed:       2.875% – .875 points (3.0% APR),        3.125% – 0 points (3.13% APR)

5/1 ARM:       2.875% – .75 points (3.025% APR),        3.125% – 0 points (3.128% APR)

7/1 ARM:       3.125% – .875 points (3.28% APR),        3.375% – 0 points (3.39% APR)

30 year fixed FHA:        3.5% – .375 points (4.58% APR),         3.625% – 0 points (4.625% APR)

15 year fixed FHA:        2.875% – 1 point (3.375% APR),        3.125% – 0 points (3.425% APR)

30 year fixed VA:        3.5% – .625 points (3.62% APR),        3.75% – 0 points (3.78% APR)

Today's Interest Rates - November 10th, 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. November 10th 2014 30 year fixed rates, November 11th2014 30 year fixed rates, November 12th 2014 30 year fixed rates, November 13th 2014 30 year fixed rates, November 14th 2014 30 year fixed rates, November 15th 2014 30 year fixed rates, November 16th 2014 30 year fixed rates.

Rates Improve after Employment report – but then pull back

LOCK IN AT THE LOWEST RATES SINCE JUNE OF 2013

Lock in at the Lowest Rates since June of 2013

October 14th, 2014

Interest rates continued their strong move lower last week and this Tuesday – dropping approximately .25% over the past 6 days.
The Mortgage Backed Security (MBS) market closed last week trading up + 84 bps, and Tuesday trading up + 38 bps – pushing interest rates to the lowest levels we have seen since June of 2013.

Interest rates had been gradually improving and then we saw big movements lower in the past week and a half.  Typically when rates go one way for an extended period of time – they will eventually get a strong correction the other way.

My recommendation is to lock in now. You will be locking in at the lowest rates in 1 year and 3 months – not bad.

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

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

BEST VALUE OF THE WEEK:

30 Year Fixed at 4% paying 0 points

15 Year Fixed at 3.25% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.875% – 1 point (4.075% APR),        4% – 0 points (4.09% APR)

20 year fixed:       3.625% – .62 points (3.74% APR),        3.875% – 0 points (3.9% APR)

15 year fixed:        3% – .875 points (3.17% APR),        3.25% – 0 points (3.29% APR)

10 year fixed:        2.75% – .875 points (2.92% APR),        3% – 0 points (3.05% APR)

5/1 ARM:        2.625% – .87 point (2.77% APR),         3% – 0 points (3.05% APR)

7/1 ARM:        2.875% – 1 point (3.07% APR),        3.125% – 0 points (3.16% APR)

30 year fixed FHA:        3.375% – .5 points (4.42% APR),         3.5% – 0 points (4.55% APR)

15 year fixed FHA:        2.875% – .625 points (3.29% APR),          3% – 0 points (3.3% APR)

30 year fixed VA:         3.375% – .75 points (3.52% APR),         3.625% – 0 points (3.68% APR)

Today's Interest Rates - October 14th, 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 14th 2014 30 year fixed rates, October 15th 2014 30 year fixed rates, October 16th 2014 30 year fixed rates, October 17th 2014 30 year fixed rates, October 18th 2014 30 year fixed rates, October 19th 2014 30 year fixed rates, October 20th 2014 30 year fixed rates.

Lock in at the Lowest Rates since June of 2013

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