VA rates Category

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 […]

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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 […]

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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% […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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RATES RISE – 30 YEAR FIXED TO 4.125%

RATES RISE – 30 YEAR FIXED TO 4.125% September 8th, 2014 Last week had 2 important events for interest rates. On Thursday – the ECB announced a less than expected plan and no specifics to deal with the European Union’s problems. Mortgage backed securities sold off – and rates rose. On Friday – the August […]

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RATES CLOSE TO LOWEST LEVELS OF THE YEAR

RATES CLOSE TO LOWEST LEVELS OF THE YEAR August 19th, 2014 Mortgage rates hit their lowest levels in 2 months on Friday when concern over escalation of the Ukraine/Russia conflict had investors trading for safety. The Mortgage Backed Security Market closed the day up + 26 basis points, and finished last week up + 40 […]

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