Interest Rates Continue Steady Improvement
July / August 2015
Interest Rates continued their steady improvement last week with the stock market trading way down and investors putting their money in the safety of the bond market. The Mortgage Backed Security Market(MBS) traded up every day after Monday and concluded the week trading up + 35 bps last week.
30 year fixed rates are now available at 3.99% paying .63 points (4.11% APR), and 4.125% paying 0 points (4.15% APR). 15 year fixed rates are now available at 3.125% paying .86 points (3.29% APR), and 3.375% paying 0 points (3.39% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**
The FED is meeting this week and will release a statement on Wednesday. Most don’t expect the FED to increase the Federal Funds rate with this announcement. Next week brings the July Non Farms payroll report. If the stock market continues to falter we should see rates continue to steadily improve.
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Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 3.99% – .63 points (4.11% APR), 4.125% – 0 points (4.15% APR)
20 year fixed: 3.75% – .37 point (3.82% APR), 3.875% – 0 points (3.9% APR)
15 year fixed: 3.125% – .86 points (3.29% APR), 3.375% – 0 points (3.39% APR)
10 year fixed: 2.875% – .79 points (3.03% APR), 3.125% – 0 points (3.15% APR)
5/1 ARM: 3.0% – .89 points (3.17% APR), 3.375% – 0 points (3.4% APR)
7/1 ARM: 3.25% – .9 points (3.43% APR), 3.5% – 0 points (3.53% APR)
30 year fixed FHA: 3.625% – .73 points (4.45% APR), 3.75% – 0 points (4.5% APR)
15 year fixed FHA: 3.0% – .86 points (3.47% APR), 3.25% – 0 points (3.55% APR)
30 year fixed VA: 3.625% – .13 points (3.82% APR), 3.75% – 0 points (3.83% APR)
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. July 28th 2015 30 year fixed rates, July 29th 2015 30 year fixed rates, July 30th 2015 30 year fixed rates, July 31st 2015 30 year fixed rates, August 1st 2015 30 year fixed rates, August 2nd 2015 30 year fixed rates, August 3rd 2015 30 year fixed rates.
Interest Rates Continue Steady Improvement