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 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