Current mortgage interest rates

WEEKLY RATE – Interest Rates at close to lowest levels of 2017

WEEKLY RATE – Interest Rates at close to lowest levels of 2017

Interest rates improved on the Tuesday after Memorial Day, after remaining flat heading into the long weekend.

The Mortgage Backed Security Market (MBS) closed last week even and traded up + 22 bps, on Tuesday, May 30th.

Overall, interest rates have only been slightly better a couple of days in 2017. You can now get a 3.99% for .58 pts assuming good credit.  

We have a lot of data coming up that could cause rate volatility. On Friday June 2nd, the US Non Farm Payroll Report and Unemployment rate will be released. 2 weeks from Wednesday, we have the Federal Reserve Board Interest Rate Decision where the Federal Open Market Committee (FOMC) decides whether to raise the Federal Funds rate.

As always, have an amazing week and I’m always available if you need help with a new home loan purchase or refinance.

For a no obligation mortgage quote, please answer questions on right of web page or go to:

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Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       3.99% – .58 points (4.1% APR),       4.125% – 0 points (4.17% APR),   4.375% – $0 costs (4.375% APR)

20 year fixed:       3.75% – .79 points (3.91% APR),     3.99% – 0 points (4.04% APR), 4.125% – $0 costs (4.125% APR)

15 year fixed:        3.25% –  .77 points (3.41% APR),        3.5% – 0 points (3.55% APR),     3.875% – $0 costs (3.875% APR)

7/1 ARM:        3.5% – .99 points (3.7% APR),     3.875% – 0 points (3.92% APR)    

30 year fixed FHA:        3.75% – .88 points (4.62% APR),     4.0% – 0 points (4.7% APR),     4.375% – $0 costs (outside of FHA Fee) (5.07% APR)

15 year fixed FHA:        3.375% – .99 points (3.87% APR),     4.0% – 0 points (4.3% APR),     4.375% – $0 costs (outside of FHA Fee) (4.57% APR)

30 year fixed VA:        3.75% – .81 points (3.91% APR),     4.0% – 0 points (4.05% APR),     4.375% – $0 costs (4.375% APR)

30 year Fixed Jumbo:     3.875% – .97 points (4.08% APR),     4.125% – 0 points (4.16% APR),        

5/1 ARM Jumbo:        3.0% – .87 points (3.17% APR),     3.375% – 0 points (3.42% APR)

-Reginald Patrick Green Jr.  -Branch Manager. NMLS #229993.  AZ License:  BK-0913980.  -AZ NMLS LIC#: DOC229993, CO NMLS LIC# 1000323838,  CA NMLS LIC# DOC229993.  -Fairway Independent Mortgage Corporation. 2325 East Camelback Road, Suite 100, Phoenix, AZ, 85016.  480-206-5577, reggie.green@fairwaymc.com.  Corporate Address: Fairway Independent Mortgage Corporation.  2425 New Pinery Rd Ste 102, Portage, WI 53901.  #2293.  Equal Housing Lender.

WEEKLY RATE – Interest Rates at close to lowest levels of 2017

WEEKLY RATE – Interest Rates Move Higher With Trump Corporate Tax Cut Announcement

WEEKLY RATE – Interest Rates Move Higher With Trump Corporate Tax Cut Announcement

Interest Rates are starting to move higher again due to a variety of market factors.

Much of the lower interest rate pricing the last 2 weeks was due to geopolitical fears and investors moving their money to the safety of bonds. That fear has subsided some, pushing rate pricing up at the end of last week.

This week Trump announced plans to cut the Corporate Tax percentage from 39% to 15% and he is laying out the details of his new plan Wednesday 4/26. This is viewed as a positive for business and stocks, thus hurtful to bonds and interest rates. The DOW has jumped 400 points the past 2 days and NASDAQ hit a new all time high.

The Mortgage Backed Security Market (MBS) closed last week down – 25 bps and is trading down – 40 bps this week.

I don’t see interest rate pricing dropping in the near future unless a geopolitical event stirs up investors to flee back to the bond market. Much safer to lock than float at this point.

For a no obligation mortgage quote, please answer questions on right of web page or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       4.0% – 1 point (4.2% APR),       4.25% – 0 points (4.3% APR),   4.5% – $0 costs (4.5% APR)

20 year fixed:       3.875% – .73 points (4.02% APR),     3.99% – 0 points (4.06% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed:        3.25% –  1 point (3.45% APR),        3.625% – 0 points (3.69% APR),     3.875% – $0 costs (3.875% APR)

7/1 ARM:        3.625% – .74 points (3.77% APR),     3.875% – 0 points (3.91% APR)    

30 year fixed FHA:        3.875% – .99 points (4.77% APR),     4.25% – 0 points (4.95% APR),     4.5% – $0 costs (outside of FHA Fee) (5.2% APR)

15 year fixed FHA:        3.625% – 1 point (4.12% APR),     3.875% – 0 points (4.17% APR)  

30 year fixed VA:        3.875% – .82 points (4.03% APR),     4.125% – 0 points (4.2% APR),     4.5% – $0 costs (4.5% APR)

30 year Fixed Jumbo:     4.125% – .75 points (4.27% APR),     4.375% – 0 points (4.41% APR),        4.5% – 0 costs (4.5% APR)    

7/1 ARM Jumbo:        3.375% – 1 point (3.58% APR),     3.75% – 0 points (3.8% APR)

 

WEEKLY RATE – Interest Rates Move Higher With Trump Corporate Tax Cut Announcement

WEEKLY RATE – Mortgage Rates Hit 3 Week Lows after FED raises Federal Funds Rate

WEEKLY RATE – Mortgage Rates Hit 3 Week Lows after FED raises Federal Funds Rate

Everyone in the market expected the FED to raise interest rates on March 15th.  So when that happened, the market had already cooked the movement in.  What made interest rates improve at their fastest rate in 2017 was the FED Future rate increase outlook which did not increase.

This caused the Mortgage Backed Security (MBS) market to end March 15th up a whopping + 73 bps.  That improvement has continued and the MBS market is up + 121 bps since March 15th, pushing rates to their lowest levels in over 3 weeks.

More political uncertainty in the news is also causing some investors to flee to the safety of bonds, helping mortgage interest rates. 

For a no obligation mortgage quote, please go to:

WWW.FREEMORTGAGEQUOTE.BIZ

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .99 points (4.32% APR),       4.375% – 0 points (4.38% APR)

20 year fixed:       3.99% – .56 points (4.1% APR),     4.125% – 0 points (4.15% APR)

15 year fixed:        3.375% –  .99 points (3.57% APR),        3.75% – 0 points (3.77% APR)

30 year Fixed High Balance:     4.125% – 1 point (4.32% APR),      4.375% – 0 points (4.39% APR)       

30 year Fixed Jumbo:        4.125% – .92 points (4.31% APR),      4.375% – 0 points (4.41% APR)

30 year fixed FHA:        4.0% – .76 points (4.85% APR),      4.25% – 0 points (4.95% APR)

15 year fixed FHA:        3.625% – 1 point (4.12% APR),      4.0% – 0 points (4.3% APR)

30 year fixed VA:        3.875% – 1 point (4.07% APR),     4.25% – 0 points (4.27% APR)

 

-Reginald Patrick Green Jr.  -Branch Manager. NMLS #229993.  AZ License:  BK-0913980.  -AZ NMLS LIC#: DOC229993, CO NMLS LIC# 1000323838,  CA NMLS LIC# DOC229993.  -Fairway Independent Mortgage Corporation. 2325 East Camelback Road, Suite 100, Phoenix, AZ, 85016.  480-206-5577, reggie.green@fairwaymc.com.  Corporate Address: Fairway Independent Mortgage Corporation.  2425 New Pinery Rd Ste 102, Portage, WI 53901.  #2293.  Equal Housing Lender.  -National Mortgage Licensing (NMLS) Link. http://nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/2289.  -Customer Info or complaints: Complaints may be directed to 877-699-0353, customerservice@fairwaymc.com.-LegalDisclosure: https://www.fairwayindependentmc.com/~/media/files/pdf/legal-disclosures.pdf?la=en. -Privacy Policy: https://www.fairwayindependentmc.com/~/media/files/pdf/privacy-policy.pdf?la=en.-Terms of Use: https://www.fairwayindependentmc.com/~/media/files/pdf/terms-of-use.pdf?la=en. -Copywright 2017 Fairway Independent Mortgage Corporation.

WEEKLY RATE – Mortgage Rates Hit 3 Week Lows after FED raises Federal Funds Rate

WEEKLY RATE – Interest Rates Hit 2 Week Lows

WEEKLY RATE – Interest Rates Hit 2 Week Lows

Interest rates improved moderately last week and had a great day on Monday.

The Mortgage Backed Security (MBS) market closed last week trading up + 10 bps.  The FED did not raise the Federal Funds rate.  That being said a FED member did say they may raise rates at their March meeting.  In the US Non Farm Payroll report, the job creation numbers were good but wages were not. 

On Monday, rates hit 2 week lows with the MBS market trading way up , + 35 bps on the day.

Rates are still trading in a narrow channel and have remained that way for a month plus.  I expect that to continue.

I do not see rates dropping without something significant happening in the market.  I expect rates to stay in the same area until the FED raises rates again.  Then I expect rates to rise.

For a free email mortgage quote, please answer questions at bottom of email or go to:

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Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .8 points (4.29% APR),       4.375% – 0 points (4.4% APR)

20 year fixed:       3.875% – .94 points (4.08% APR),     4.125% – 0 points (4.17% APR)

15 year fixed:        3.375% –  .73 points (3.52% APR),        3.625% – 0 points (3.66% APR)

10 year fixed:        3.25% – .59 points (3.36% APR),      3.5% – 0 points (3.52% APR)

5/1 ARM:        3.125% – .84 points (3.29% APR),      3.5% – 0 points (3.55% APR)

7/1 ARM:       3.25% – .92 points (3.4% APR),     3.625% – 0 points (3.7% APR)

30 year fixed FHA:        3.75% – .54 points (4.55% APR),      3.875% – 0 points (4.57% APR)

15 year fixed FHA:        3.375% – .99 points (3.87% APR),      3.75% – 0 points (4.05% APR)

30 year fixed VA:        3.75% – .79 points (3.91% APR),     4.0% – 0 points (4.03% APR)

todays-interest-rates-february-6th-2016

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.  February 7th 2017 30 year fixed rates, February 8th 2017 30 year fixed rates, February 9th 2017 30 year fixed rates, February 10th 2017 30 year fixed rates, February 11th 2017 30 year fixed rates, February 12th 2017 30 year fixed rates, February 13th 2017 30 year fixed rates.

Weekly Rate – Interest Rates Hit 2 Week Lows

WEEKLY RATE – Rates Improve Slightly

WEEKLY RATE – Rates Improve Slightly

Interest rate pricing improved slightly last week and so far this week.  Overall, pricing is about .25 point lower on costs at each rate.

The Mortgage Backed Security Market (MBS) traded much higher on Thursday (+53 bps), but the market took a hit on Friday when the December US Non Farm Payroll report was released.  Although job creation didn’t meet expectations (this typically helps rates), the November job creation numbers were revised higher and the MBS market traded down -27 bps.

On the week, the MBS market closed up + 12 bps and closed this Monday up + 6 bps.  (good for rates)

So we did see some modest rate pricing improvement.  Long Term outlook is still that rates will slowly move higher.

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:       4.125% – .5 points (4.22% APR),       4.25% – 0 points (4.29% APR)

20 year fixed:       3.875% – .39 points (3.95% APR),     4.0% – 0 points (4.03% APR)

15 year fixed:        3.375% –  .69 points (3.51% APR),        3.625% – 0 points (3.67% APR)

10 year fixed:        3.125% – 1 point (3.32% APR),      3.375% – 0 points (3.4% APR)

5/1 ARM:        3.25% – .82 points (3.41% APR),      3.625% – 0 points (3.67% APR)

7/1 ARM:       3.375% – .26 points (3.43% APR),     3.75% – 0 points (3.8% APR)

30 year fixed FHA:        3.75% – .26 points (4.5% APR),      3.875% – 0 points (4.57% APR)

15 year fixed FHA:        3.375% – .93 points (3.86% APR),      3.625% – 0 points (3.92% APR)

30 year fixed VA:        3.75% – .51 points (3.85% APR),     3.875% – 0 points (3.9% APR)

todays-interest-rates-january-9th-2017

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.  January 9th 2016 30 year fixed rates, January 10th 2016 30 year fixed rates, January 11th 2016 30 year fixed rates, January 12th 30 year fixed rates, January 13th 2016 30 year fixed rates, January 14th 2016 30 year fixed rates, January 15th 2016 30 year fixed rates.

WEEKLY RATE – Rates Improve Slightly

WEEKLY RATE – Interest Rates See Improvement / Conventional Loan Limits Rise

WEEKLY RATE – Interest Rates See Improvement / Conventional Loan Limits Rise

After a rough few weeks, we are finally seeing some interest rate improvement partially due to worries over oil prices.

The Mortgage Backed Security (MBS) market is trading up + 61 bps this week.

Not a huge improvement and I don’t expect much more, but anything is welcome after rates went up .5% in rapid fashion. 

We have a big week this week with the Unemployment report and US Non Farm Jobs report coming out on Friday.  December is also the month the FED will meet and decide on a possible rate change. 

Rates will likely continue to be very volatile with the new data coming out.

Conventional loan limits are being raised on December 2nd from $417,000 to $424,100.  This is the first change since 2006.  Some higher priced areas will continue to after high balance conventional loans above that.

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% – .9 points (4.18% APR),       4.25% – 0 points (4.28% APR)

20 year fixed:       3.875% – .89 points (4.05% APR),     4.0% – 0 points (4.07% APR)

15 year fixed:        3.25% –  .98 points (3.44% APR),        3.5% – 0 points (3.53% APR)

10 year fixed:        3.25% – .35 points (3.31% APR),      3.375% – 0 points (3.4% APR)

5/1 ARM:        3.375% – 1 point (3.57% APR),      3.875% – 0 points (3.9% APR)

7/1 ARM:       3.625% – .79 points (3.79% APR),     4.0% – 0 points (4.05% APR)

30 year fixed FHA:        3.625% – .87 points (4.49% APR),     3.75% – 0 points (4.45% APR)

15 year fixed FHA:        3.375% – .71 points (3.82% APR),      3.625% – 0 points (3.92% APR)

30 year fixed VA:        3.75% – .41 points (3.85% APR),     3.875% – 0 points (3.9% APR)

todays-interest-rates-november-29th-2016

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.  November 29th 2016 30 year fixed rates, November 30th 2016 30 year fixed rates, December 1st 2016 30 year fixed rates, December 2nd 30 year fixed rates, December 3rd 2016 30 year fixed rates, December 4th 2016 30 year fixed rates, December 5th 2016 30 year fixed rates.

WEEKLY RATE – Interest Rates See Improvement / Conventional Loan Limits Rise

WEEKLY RATE – Rates Rising / Recommend Locking

WEEKLY RATE – Rates Rising / Recommend Locking

Interest rates have steadily been rising with expectations that Europe will taper their bond purchasing program which the United States FED did some time ago.

The Mortgage Backed Security Market (MBS) closed last week trading down – 43 bps, pushing interest rate pricing to the highest levels post Brexit or since the end of June.

With this being said, rates are still great but they are slightly higher than they have been and there is pressure for them to move higher with more expectations that the FED will increase the Federal Fund rate in December with another positive job growth month in September.

With the pressure on mortgage backed securities, the safe bet is to lock. 

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:       3.375% – 1 point (3.57% APR),       3.625% – 0 points (3.65% APR)

20 year fixed:       3.125% – 1 point (3.32% APR),     3.375% – 0 points (3.4% APR)

15 year fixed:        2.75% –  .95 points (2.94% APR),        2.99% – 0 points (3.03% APR)

10 year fixed:        2.75% – .56 points (2.85% APR),      3.0% – 0 points (3.03% APR)

5/1 ARM:        3.25% – .90 points (3.41% APR)

7/1 ARM:       3.375% – .96 points (3.56% APR)

30 year fixed FHA:        3.25% – 0 points (3.95% APR)

15 year fixed FHA:        2.75% – .83 points (3.21% APR),      3.0% – 0 points (3.3% APR)

30 year fixed VA:        3.25% – 0 points (3.3% APR)

todays-interest-rates-october-11th-2016-pub

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.  October 11th 2016 30 year fixed rates, October 12th 2016 30 year fixed rates, October 13th 2016 30 year fixed rates, October 14th 30 year fixed rates, October 15th 2016 30 year fixed rates, October 16th 2016 30 year fixed rates, October 17th 2016 30 year fixed rates.

WEEKLY RATE – Rates Rising / Recommend Locking

Interest Rates Improve on Friday – FED announcement on Wednesday

Interest Rates Improve on Friday – FED announcement on Wednesday

Interest rates had a nice day on Friday after moving up the majority of the week before that. The Mortgage Backed Security (MBS) closed up + 35 bps on Friday, but still closed the week down -5 bps.

30 year fixed rates are now available at 3.625% paying .66 points (3.75% APR), and 3.75% paying 0 points (3.78% APR). 15 year fixed rates are now available at 2.875% paying .79 points (3.03% APR), and 3.125% paying 0 points (3.13% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

This week, the big news is the policy statement on Wednesday from the FED. The Federal Open Market Committee (FOMC) will meet Tuesday and Wednesday and then issue a statement on Wednesday. The statement should give a better outlook on the FED’s long term plans with the Federal Fund rate. This has the capability of being a big interest rate mover.

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!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.75% paying 0 points

20 Year Fixed at 3.625% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      3.625% – .66 points (3.75% APR),       3.75% – 0 points (3.78% APR)

20 year fixed:       3.375% – 1 point (3.57% APR),       3.625% – 0 points (3.66% APR)

15 year fixed:       2.875% – .79 points (3.03% APR),       3.l25% – 0 points (3.13% APR)

10 year fixed:       2.75% – .7 points (2.89% APR),        2.875% – 0 points (2.89% APR)

5/1 ARM:       2.75% – .84 points (2.91% APR),       3.125% – 0 points (3.13% APR)

7/1 ARM:        3.0% – .85 points (3.17% APR),         3.25% – 0 points (3.29% APR)

30 year fixed FHA:        3.25% – .32 points (4.01% APR),        3.375% – 0 points (4.07% APR)

15 year fixed FHA:        2.75% – .56 points (3.16% APR),        2.875% – 0 points (3.175% APR)

30 year fixed VA:        3.25% – .57 points (3.36% APR),         3.375% – 0 points (3.4% APR)

Today's Interest Rates - April 27th, 2015

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, 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. April 27th 2015 30 year fixed rates, April 28th 2015 30 year fixed rates, April 29th 2015 30 year fixed rates, April 30th 2015 30 year fixed rates, May 1st 2015 30 year fixed rates, May 2nd 2015 30 year fixed rates, May 3rd 2015 30 year fixed rates.

Interest Rates Improve on Friday – FED announcement on Wednesday

Rates Improve, New FHA MI Premiums official on 1/26/2015

Rates Improve, New FHA MI Premiums official on 1/26/2015

January 26th, 2015

Interest rates slightly improved last week and so far this week, with the Mortgage Backed Security (MBS) market trading higher – thus improving the cost to get each rate.

30 year fixed rates are now available at 3.5% paying 1 point (3.7% APR), and 3.75% paying 0 points (3.74% APR). 15 year fixed rates are now available at 2.875% paying .75 points (3.025% APR), and 3.125% paying 0 points (3.129% APR).

The market appears to be in an idle state with investors still sifting through last week’s announcement by the European Central Bank (ECB). The focus is and will continue to be on Europe in the markets that effect mortgage interest rates.

On 1/26/2015 – FHA officially lowered their mortgage insurance premiums – thus giving a spark to FHA streamline refinances. If you are in a 30 Year Fixed FHA loan, a 20 Year Fixed FHA Loan or an ARM FHA Mortgage – it will likely be worth it to streamline the existing loan to a lower payment with no appraisal/income documentation required.

The changes taking place are below for Terms over 15 years.

95% LTV or less: FHA MI was 130 bps , now it is 80 bps
95.01% and above: FHA MI was 135 bps, now it is 85 bps

For FHA loans over $625,500

95% LTV or less: FHA MI was 150 bps , now it is 100 bps
95.01% and above: FHA MI was 155 bps, now it is 105 bps

To get your new FHA MI Premium – take your loan amount and multiply it times the bps figure and divide by 12 to get a new monthly FHA MI premium.

EXAMPLE:

$200,000 loan at 90% LTV.

$200,000 x .8% = $1,600 Yearly FHA MI premium
$1,600 / 12 = $133.33 Monthly FHA MI premium

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

Below are today’s interest rates. Have a great week!!

BEST VALUE OF THE WEEK:

20 Year Fixed at 3.625% paying 0 points

10 Year Fixed at 3.0% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.5% – 1 point (3.7% APR),       3.75% – 0 points (3.74% APR)

20 year fixed:      3.5% – .125 points (3.525% APR),       3.625% – 0 points (3.64% APR)

15 year fixed:       2.875% – .75 points (3.025% APR),       3.125% – 0 points (3.129% APR)

10 year fixed:       2.75% – .75 points (2.9% APR),       3.0% – 0 points (3.05% APR)

5/1 ARM:       2.875% – .75 points (3.05% APR),        3.25% – 0 points (3.28% APR)

7/1 ARM:       2.875% – .75 points (3.075% APR),         3.25% – 0 points (3.29% APR)

30 year fixed FHA:        3.25% – .25 points (4.0% APR),         3.375% – 0 points (3.42% APR)

15 year fixed FHA:       2.75% – .25 points (3.2% APR),        3.0% – 0 points (3.3% APR)

30 year fixed VA:       3.25% – .5 points (3.35% APR),        3.375% – 0 points (3.4% APR)

Today's Interest Rates -January 27th, 2015

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, 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. January 27th 2015 30 year fixed rates, January 28th 2015 30 year fixed rates, January 29th 2015 30 year fixed rates, January 30th 2015 30 year fixed rates, January 31st 2015 30 year fixed rates, February 1st 2015 30 year fixed rates, February 2nd 2015 30 year fixed rates.

Rates Improve, New FHA MI Premiums official on 1/26/2015

Rates Improve for 7 Straight Days

Rates Improve for 7 Straight Days

January 5th, 2015

Interest rates are on quite the hot streak lately – improving 7 days straight.

The Mortgage Backed Security (MBS) market is currently trading up + 123 bps over that period time – pushing rates to their lowest levels in a long time.

With rates going one way for a long period of time – there is bound to be a correction soon – so I would recommend locking soon.

30 Year Fixed rates are now at 3.625% with .875 points, and 3.75% with 0 points. 15 year fixed rates are at 3% with .375 points, or 3.125% with 0 points.

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

Below are today’s interest rates. Have a great week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.75% paying 0 points

20 Year Fixed at 3.625% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      3.625% – .875 points (3.8% APR),       3.75% – 0 points (3.81% APR)

20 year fixed:      3.5% – .25 points (3.55% APR),       3.625% – 0 points (3.66% APR)

15 year fixed:      3.0% – .375 points (3.07% APR),        3.125% – 0 points (3.15% APR)

10 year fixed:       2.625% – 1 point (2.825% APR),         3.0% – 0 points (3.05% APR)

5/1 ARM:        2.875% – 1 point (3.075% APR),        3.25% – 0 points (3.29% APR)

7/1 ARM:       3.125% – .75 points (3.27% APR),        3.375% – 0 points (3.4% APR)

30 year fixed FHA:        3.25% – .5 points (4.35% APR),        3.375% – 0 points (4.375% APR)

15 year fixed FHA:        2.75% – .75 points (3.3% APR),        3% – 0 points (3.35% APR)

30 year fixed VA:       3.25% – .75 points (3.4% APR),       3.5% – 0 points (3.53% APR)

Today's Interest Rates -January 5th, 2015

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, 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. January 5th 2014 30 year fixed rates, January 6th 2014 30 year fixed rates, January 7th 2014 30 year fixed rates, January 8th 2014 30 year fixed rates, January 9th 2014 30 year fixed rates, January 10th 2014 30 year fixed rates, January 11th 2014 30 year fixed rates.

Rates Improve for 7 Straight Days

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