Interest Rates Steady After Jobs Report

Interest Rates Steady After Jobs Report

August 2015

Interest rates had an up and down week with large swings in the Mortgage Backed Securities (MBS) market in both a positive and negative direction. The MBS market closed last week trading down -2 bps, and also closed Monday down – 24 bps.

30 year fixed rates are now available at 3.99% paying .64 points (4.11% APR), and 4.125% paying 0 points (4.16% APR). 15 year fixed rates are now available at 3.125% paying 1 point (3.32% APR), and 3.375% paying 0 points (3.39% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

The big news last week was the Non Farm Jobs Payroll report which didn’t have much of an effect on interest rate pricing due to the numbers coming so close to investor projections. Investors predicted job creation of 223k and the report showed an increase of 215k. The slightly lower number was positive for interest rate pricing but not by much.

When publicly speaking, most members of the FED are giving the indication that the economy is close to a normal level which will likely result in the FED moving up the Federal Funds rate soon. Greece is still very important in interest rate pricing and a deal is possible with Germany’s approval and Greece following strict conditions. The date set for a possible deal is August 20th.

With recent interest rate improvement – I don’t see the benefits of floating with the risk of rates going up much more likely than interest rate pricing improving significantly.

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:       3.99% – .64 points (4.11% APR),        4.125% – 0 points (4.16% APR)

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

15 year fixed:       3.125% – 1 point (3.32% APR),        3.375% – 0 points (3.39% APR)

10 year fixed:        2.875% – .84 points (3.04% APR),         3.125% – 0 points (3.16% APR)

5/1 ARM:        3.0% – 1 point (3.2% APR),        3.375% – 0 points (3.41% APR)

7/1 ARM:        3.25% – 1 point (3.45% APR),        3.625% – 0 points (3.66% APR)

30 year fixed FHA:        3.625% – .82 points (4.48% APR),         3.75% – 0 points (4.5% APR),

15 year fixed FHA:        3.125% – .72 points (3.58% APR),        3.375% – 0 points (3.67% APR)

30 year fixed VA:        3.625% – 1 point (3.82% APR),         3.75% – 0 points (3.8% APR)

Today's Interest Rates -August 10th, 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 10th 2015 30 year fixed rates, August 11th 2015 30 year fixed rates, August 12th 2015 30 year fixed rates, August 13th 2015 30 year fixed rates, August 14th 2015 30 year fixed rates, August 15th 2015 30 year fixed rates, August 16th 2015 30 year fixed rates.

Interest Rates Steady After Jobs Report

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.

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 (4.15% 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!!

INTEREST RATES HIT 1 MONTH LOWS / EXPECT VOLATILITY WEDNESDAY AND THURSDAY.

INTEREST RATES HIT 1 MONTH LOWS / EXPECT VOLATILITY WEDNESDAY AND THURSDAY

July 1st, 2014

Interest rates improved last week after Monday with the Mortgage Backed Security (MBS) market closing up + 38 basis points.

We are still trading in a narrow range where the market usually doesn’t go above or below it’s moving average. When the bond market does pass a certain range – that is when you can see a lot of movement in interest rates. Until then, the rate range is somewhat secure with rates staying within a .125% window.

The end of this week will likely be very volatile with a smaller amount of traders due to early vacations. On Wednesday the ADP Private Payroll will be released, and on Thursday – the most important statistic in the US economy – the Non Farm Payroll report will be released. These reports usually create a lot of market movement anyways. When you add in a small amount of traders – the market could move quickly in a very short period of time.

I would recommend locking before Thursday to be safe.

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

Below are today’s interest rates – have a wonderful week and a fantastic Independence Day!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.25% paying 0 points

7/1 ARM at 3.375% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      4.125% – .43 points (4.215% APR),       4.25% – 0 points (4.28% APR)

20 year fixed:       3.875% – .97 points (4.07% APR),       4.125% – 0 points (4.15% APR)

15 year fixed:       3.125% – 1 point (3.32% APR),       3.375% – 0 points (3.41% APR)

10 year fixed:       3% – .9 points (3.18% APR),       3.25% – 0 points (3.28% APR)

5/1 ARM:        2.75% – 1 point (2.97% APR),        3.125% – 0 points (3.129% APR)

7/1 ARM:        3.125% – .95 points (3.32% APR),          3.375% – 0 points (3.52% APR)

30 year fixed FHA:        3.75% – 0 points (4.75% APR),

15 year fixed FHA:         3.25% – 0 points (3.59% APR)

30 year fixed VA:       3.75% – 0 points (3.82% APR)

Today's Interest Rates - July 1st, 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, 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 1st 2014 30 year fixed rates, July 2nd 2014 30 year fixed rates, July 3rd 2014 30 year fixed rates, July 4th 2014 30 year fixed rates, July 5th 2014 30 year fixed rates, July 6th 2014 30 year fixed rates, July 7th 2014 30 year fixed rates.

INTEREST RATES HIT 1 MONTH LOWS / EXPECT VOLATILITY WEDNESDAY AND THURSDAY

 

RATES CONTINUE MOVING HIGHER / FED MEETING NEXT WEEK

RATES CONTINUE MOVING HIGHER     /      FED MEETING NEXT WEEK

December 9th, 2013

The interest rate market had quite the week last week. Rates rose everyday from Monday through Thursday before the important November employment report. Then something weird happened.

Job creation beat their forecasts, The unemployment rate dropped .2% – this would usually cause rates to rise fast, but it didn’t. Rates actually improved a little bit on Friday and also on Monday. Still, the Mortgage Backed Security Market closed the week trading down – 69 bps, pushing rates to their highest levels in months.Now Hiring

With the majority of economic reports showing positive gains – more and more experts think the FED could taper their stimulus package in their meeting next week. I don’t expect rates to change much until then.

Rates are still taking on the outlook I have talked about for months – rates really have no where to go but higher. Any improvement we see is not substantial because the FED taper is looming.

Those still waiting for rates to dramatically drop will likely be waiting forever. I recommend locking on a refinance if it’s beneficial as even these higher rates likely won’t be around much longer.

BEST VALUE OF THE WEEK:

15 Year Fixed at 3.5% with 0 points
10 Year Fixed at 3.25% with 0 points

TODAY’S RATES:

30 year fixed:      4.375% – .78 points,      4.5% – 0 points,      4.625% – $0 costs

20 year fixed:     4.125% – .812 points,      4.25% – 0 points,       4.5% – $0 costs

15 year fixed:      3.375% – .8 points,      3.5% – 0 points,      3.75% – $0 costs

10 year fixed:      3% – .69 point,      3.25% – 0 points,      3.5% – $0 costs

5/1 ARM:      2.75% – .94 points,      3.125% – 0 points,      3.375% – $0 costs

7/1 ARM:      3.25% – .69 points,       3.5% – 0 points,       3.75% – $0 costs

30 year fixed FHA:       3.75% – .94 points,       4.125% – 0 points,      4.25% – $0 costs

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

30 year fixed VA:      4% – .85 points,      4.25% – $0 costs

Today's Interest Rates - December 9th, 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.  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, 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 9th interest rates, December 10th interest rates, December 11th interest rates, December 12 interest rates, December 13th interest rates, December 14th interest rates, December 15th interest rates, December 16th interest rates

RATES CONTINUE MOVING HIGHER / FED MEETING NEXT WEEK

INTEREST RATES IMPROVE – BIG FED STATEMENT ON WEDNESDAY

INTEREST RATES IMPROVE  –  BIG FED STATEMENT ON WEDNESDAY

September 16th, 2013

Interest rates improved last week with the Mortgage Backed Security market closing the week trading up + 33 bps.  The MBS market came out very strong on Monday with the MBS trading up over + 60 bps in the morning.  That has since lowered to just under + 30 bps at the time of this writing.

The MBS improvement improved rates by about .125% from my last update.  5/1 ARMs had the biggest improvement – improving about .375%.  30 year fixed par rates have lowered back to 4.5% and 15 year fixed are back down to 3.5%

The Monday rate improvement came about mainly because the market feels that the next Federal Reserve Board Chairman nominee will likely be Janet Yellen, who is less likely to taper the Fed’s Bond purchasing program immediately.  Even so, any tapering will likely take place before she is ever in office.

At 12:30 PM Eastern on Wednesday, the FED will release it’s policy statement which will include if the FED will taper their bond purchasing program.

If the FED decides to taper now, rates will likely go up in a hurry.

If the FED decides it will not taper now, we will likely see some moderate rate improvement. 

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To me, the risk is not worth the reward.  I am recommending to lock in any rates before Wednesday to avoid this volatility.  If rates do improve substantially after locking, float downs are available if rates go down far enough. 

Make it a great week!!                  

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.625% with 0 points

TODAY’S RATES:

30 year fixed:     4.5% – .74 points,     4.625% – 0 points,     4.75% – $0 costs

20 year fixed:   4.25% – .81 points,     4.5% – 0 points,     4.625%  – $0 costs

15 year fixed:   3.5% – .78 points,     3.75% – 0 points,     3.875% – $0 costs

10 year fixed:   3.125% – 1 point,     3.5% – 0 points,     3.75% – $0 costs

5/1 ARM:   3% – 1 point,     3.5% – 0 points,     3.875% – $0 costs

7/1 ARM:    3.625% – .95 points,     4% – 0 points,     4.25% – $0 costs

30 year fixed FHA:    4.125% – .45 points,      4.25% – $0 costs

15 year fixed FHA:    3.5% – .74 points,     3.75% – $0 costs

30 year fixed VA:     4.25% – $0 costs

Today's Interest Rates - September 16th, 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.  Arizona refinance, California refinance, Colorado refinance.  Scottsdale, Arizona Mortgage Banker in McCormick Ranch.  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 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.

INTEREST RATES IMPROVE  –  BIG FED STATEMENT ON WEDNESDAY

INTEREST RATES REBOUND AFTER WILD WEEK

INTEREST RATES REBOUND AFTER WILD WEEK

September 9th, 2013

Interest rates moved to three year high’s on Thursday of last week, but recovered on Friday and Monday to bring levels close to where they were the previous week.

From Monday – Thursday, the Mortgage Backed Security market trading down -149 bps.  There was positive economic news in manufacturing, servicing, auto sales and most thought Friday’s employment numbers would surpass expectations. 

Then the Friday employment report hit.  Not only did Non Farm jobs come in below expectations, but they revised July’s numbers down 63,000.  The MBS market closed Friday + 74 bps, and closed this Monday + 40 bps. 

The big thing to watch this week is the Wednesday Congressional vote on whether to attack Syria.  Next week is the all important Fed meeting.

It looks like it will likely be another volatile week with interest rate swings common throughout each day.

Make it a great week!!      

BEST VALUE OF THE WEEK:            

5/1 ARM at 3.875% with 0 points

TODAY’S INTEREST RATES:

30 year fixed:     4.625% – .36 points,     4.75% – 0 points,     4.875% – $0 costs

20 year fixed:   4.375% – .99 points,     4.625% – 0 points,     4.75%  – $0 costs

15 year fixed:   3.625% – .63 points,     3.875% – 0 points,     4% – $0 costs

10 year fixed:   3.375% – 1 point,     3.625% – 0 points,     4% – $0 costs

5/1 ARM:   3.375% – .83 points,     3.875% – 0 points,     4.25% – $0 costs

7/1 ARM:    3.75% – .96 points,     4.125% – 0 points,     4.5% – $0 costs

30 year fixed FHA:    4.25% – 0 points,      4.375% – $0 costs

15 year fixed FHA:    3.625% – .94 points,     3.75% – 0 points,     4% – $0 costs

30 year fixed VA:     4.25% – 0 points,     4.375% – $0 costs

Today's Interest Rates - September 9th, 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.  Arizona refinance, California refinance, Colorado refinance.  Scottsdale, Arizona Mortgage Banker in McCormick Ranch.  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 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.

INTEREST RATES REBOUND AFTER WILD WEEK

INTEREST RATES IMPROVE FOR THIRD STRAIGHT WEEK

INTEREST RATES IMPROVE FOR THIRD STRAIGHT WEEK

April 1st, 2013

Interest rates showed steady improvement for the third straight week.  The Mortgage Backed Security market closed the week trading up (+ 28 bps).

Although we are not seeing massive rate movement, interest rates gradually decreasing is a positive development for those considering a new mortgage.  With the recent rate improvement, those currently in the low 4%’s on a 30 year fixed mortgage can take advantage of a lower rate at $0 costs. 

In European debt news, Cyprus was able to reach a bail out deal, but the unrest in the European Union will likely keep investors buying safer mortgage backed securities and US treasury bonds.  This security measure should work as an obstacle for rates to move higher. 

LOCK ADVICE:

Now is a good time to lock.  Rates have improved for 3 weeks straight and are at their lowest levels since January.

This week is employment week with March’s unemployment report to be released on Friday.  As always, this usually causes considerably movement in the interest rate markets. 

Make it a great week!!    

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.875% paying $0 costs

TODAY’S RATES:

30 year fixed:     3.5% paying 1 point,     3.75% paying 0 points,     3.875% – $0 costs

20 year fixed:   3.375% paying 1 point,     3.625% paying 0 points,     3.75%  – $0 costs

15 year fixed:   2.75% paying .96 points,     3% paying 0 points,     3.125% – $0 costs

5/1 ARM:   2.125% paying .95 points,     2.375% paying 0 points,     2.75% – $0 costs

7/1 ARM:    2.375% paying .88 points,     2.625% paying 0 points,     2.875%- $0 costs

30 year fixed High Balance Loan:    3.75% paying .71 points;     4% paying 0 points;     4.125% – $0 costs

30 year fixed FHA:    3.25% paying 0 points,    3.375% – $0 costs

15 year fixed FHA:    2.75% paying .26 points,     3% paying 0 points,     3.25% – $0 costs

30 year fixed VA:    3.25% – $0 costs

TR - April 1st, 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.

INTEREST RATES IMPROVE FOR THIRD STRAIGHT WEEK