Interest Rates Hit 2 Month Lows!!

Interest Rates Hit 2 Month Lows!!

August 2015

Interest rates improved again last week pushing interest rate pricing to their lowest levels in over 2 months. The Mortgage Backed Security (MBS) market finished the week trading up + 47 bps.

30 year fixed rates are now available at 3.875% paying .89 points (4.05% APR), and 4.125% paying 0 points (4.15% APR). 15 year fixed rates are now available at 3.125% paying .69 points (3.26% APR), and 3.375% paying 0 points (3.38% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

A report showing week wage growth helped interest rates improve last week. Week wage growth could cause the FED to delay raising the Federal Funds rate as well. This is Non Farm Payroll report week. On Friday – Job creation for July will be released. This is the most significant interest rate moving report so I would advise to lock before Friday if you risk averse.

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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 (4.15% APR)

20 year fixed:        3.625% – .74 points (3.77% APR),        3.75% – 0 points (3.8% APR)

15 year fixed:        3.125% – .69 points (3.26% APR),         3.375% – 0 points (3.38% APR)

10 year fixed:        2.75% – 1 point (2.95% APR),          3.0% – 0 points (3.03% APR)

5/1 ARM:        3.0% – .82 points (3.16% APR),          3.375% – 0 points (3.39% APR)

7/1 ARM:         3.25% – .82 points (3.41% APR),          3.5% – 0 points (3.53% APR)

30 year fixed FHA:         3.5% – .86 points (4.37% APR),          3.75% – 0 points (4.45% APR),

15 year fixed FHA:         3.0% – .84 points (3.46% APR),         3.25% – 0 points (3.55% APR)

30 year fixed VA:          3.625% – .64 points (3.75% APR),          3.75% – 0 points (3.77% APR)

Today's Interest Rates - August 3rd 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. August 3rd 2015 30 year fixed rates, August 4th 2015 30 year fixed rates, August 5th 2015 30 year fixed rates, August 6th 2015 30 year fixed rates, August 7th 2015 30 year fixed rates, August 8th 2015 30 year fixed rates, August 9th 2015 30 year fixed rates.

Interest Rates Hit 2 Month Lows!!

RATES HIGHER BEFORE IMPORTANT FED MEETING / EMPLOYMENT REPORT

RATES HIGHER BEFORE IMPORTANT FED MEETING / EMPLOYMENT REPORT

July 30th, 2013

Interest rates have moved up slightly over the past week and a half.  Last week the Mortgage Backed Security market closed trading down – 39 bps and so far this week the MBS market has traded down -18 bps. 

This is a somewhat normal pull back after interest rates had improved over the past 2 weeks.  Investor took the gains and sold.  We are seeing a level of resistance that most investors will not go above, which makes it difficult for interest rates to improve below a certain level.

There are 2 major events this week that will likely cause a lot of volatility in the interest rate markets.

The Federal Open Market Committee’s (FOMC) meeting is Wednesday and investors will be listening intently for any new information on the FED’s time period for tapering it’s bond purchasing program. 

On Friday, the July employment report will be released.

I maintain that it is safer to lock than float interest rate pricing.  Unless we see the FED definitively extend its bond purchasing program or very poor economic performance reports – rates will not likely go much below their current levels.

Make it a great week!! 

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.5% with 0 points

TODAY’S RATES:

30 year fixed:     4.375% – .79 points,     4.5% – 0 points,     4.625% – $0 costs

20 year fixed:   4.125% – .86 points,     4.375% – 0 points,     4.625%  – $0 costs

15 year fixed:   3.5% – .41 points,     3.625% – 0 points,     3.875% – $0 costs

5/1 ARM:   2.875% – .85 points,     3.375% – 0 points,     3.875% – $0 costs

7/1 ARM:    3.25% – .99 points,     3.75% – 0 points,     4.375% – $0 costs

10/1 ARM:    3.75% – .82 points,     4% – 0 points

30 year fixed FHA:    3.875% – .69 points,     4% – 0 points,      4.25% – $0 costs

15 year fixed FHA:    3.25% – .44 points,     3.5% – 0 points,      3.75% – $0 costs

30 year fixed VA:     4.25% – $0 costs

Today's Interest Rates - July 30th 2013

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.  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 mortgages, Conforming mortgages, Conventional Mortgages, 100%  Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.

RATES HIGHER BEFORE IMPORTANT FED MEETING / EMPLOYMENT REPORT