Tag: HARP interest Rates

INTEREST RATES IMPROVE TO 6 WEEK LOWS

FED DOES NOT TAPER – INTEREST RATES IMPROVE TO 6 WEEK LOWS

September 23rd, 2013

The FED announced on Wednesday that they will not taper their bond purchasing program at the present time.  This announcement went against many market prognosticators, helping push rates to their lowest levels in 6 weeks – and near their lowest levels in 4 months. 

30 Year Fixed dropped to 4.25% and 15 year fixed dropped back below 3.5% to 3.375%.  ARMs did not move as much – 5/1 ARMs currently start at 2.875% and 7/1 ARMs start at 3.5% paying a point or less. 

house-interest-rateThe FED’s reasoning was that the economy had not shown enough to warrant reducing the stimulus.  If the FED did taper, everyone knew rates would go up very quickly.  This could be a change of tone/direction for the FED, possibly indicating that they feel that the higher interest rates of the past 4 months have already negatively affected the economy. 

Still there will be constant pressure on rate markets unless the FED announces they no longer will taper.  The FED meets again at the end of October, and made it clear that they could choose to taper at anytime.

Enjoy the lower rates while they are here – hopefully they will stay for longer than we expected.

Make it a great week!!   

BEST VALUE OF THE WEEK:               

15 Year Fixed at 3.5% paying 0 points

5/1 ARM at 3.375% paying 0 points

TODAY’S MORTGAGE INTEREST RATES:    

30 year fixed:     4.25% – .99 points,     4.5% – 0 points,     4.625% – $0 costs

20 year fixed:   4.125% – .59 points,     4.25% – 0 points,     4.5%  – $0 costs

15 year fixed:   3.375% – .81 points,     3.5% – 0 points,     3.75% – $0 costs

10 year fixed:   3% – .98 points,     3.25% – 0 points,     3.625% – $0 costs

5/1 ARM:   2.875% – 1 point,     3.375% – 0 points,     3.75% – $0 costs

7/1 ARM:    3.5% – .85 points,     3.75% – 0 points,     4.125% – $0 costs

30 year fixed FHA:    3.75% – .82 points,      4% – 0 points,     4.125% – $0 costs

15 year fixed FHA:    3.25% – .99 points,     3.625% – 0 points,     3.75% – $0 costs

30 year fixed VA:     4% – .14 points,    4.125% – 0 points,     4.25% – $0 costs

Today's Interest Rates - September 23rd, 2013

Interest Rates Improve to 6 Week Lows

RATES HIT LOWEST LEVELS SINCE JANUARY

RATES HIT LOWEST LEVELS SINCE JANUARY

April 8th, 2013

Interest rates had their best week in months.  Interest rates dropped approximately .125% on the week with the Mortgage Backed Security market closing up (+ 122 bps).  This is the fourth consecutive week that interest rates have improved, with last week being the most dramatic drop.

The economic optimism is coming back to earth which is helping interest rates come back down.  The Dow Jones closed last week close to where it began.  American citizens in some industries are now starting to feel the effects of the sequester.  North Korea’s bold rhetoric is starting to worry some investors. 

The week was capped by a lower than expected March job report.  Although the unemployment rate dropped from 7.7% to 7.6%, job growth was much lower than forecasted.  Non farm jobs only grew 88k from an expected 200k.  The drop in unemployment is mainly due to people leaving the work force.    

This week is another great opportunity to lock in as rates are at their lowest levels since January. 

Make it a great week!!   

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.625% paying 0 points

TODAY’S RATES:

30 year fixed:     3.5% paying .21 points,     3.625% paying 0 points,     3.75% – $0 costs

20 year fixed:   3.25% paying .87 points,     3.5% paying 0 points,     3.625%  – $0 costs

15 year fixed:   2.625% paying .83 points,     2.875% paying 0 points,     3% – $0 costs

5/1 ARM:   2% paying .99 points,     2.375% paying 0 points,     2.625% – $0 costs

7/1 ARM:    2.25% paying .89 points,     2.5% paying 0 points,     2.75%- $0 costs

30 year fixed High Balance Loan:    3.625% paying .44 points;     3.75% paying 0 points;     3.875% – $0 costs

30 year fixed FHA:    3.25% – $0 costs

15 year fixed FHA:    2.75% paying 0 points,     2.875% – $0 costs

30 year fixed VA:    3.25% – $0 costs

TR - April 8th, 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 HIT LOWEST LEVELS SINCE JANUARY

INTEREST RATES CONTINUE TO IMPROVE – LAST WEEK TO START A FHA LOAN BEFORE MI RATES GO UP

INTEREST RATES CONTINUE TO IMPROVE – LAST WEEK TO START A FHA LOAN BEFORE MI RATES GO UP

March 25th, 2013

Interest rates continued positive momentum last week.  The Mortgage Backed Security market traded up 4 of the 5 days closing the week up (+16 bps).  The one day that held interest rates from going much lower was Wednesday when the Fed stated that they would try to keep bank interest rates low through 2015.  This resulted in positive momentum in the stock market and a sell off in the MBS market. 

Many economic reports will be released this week, but the most important interest rate event is the financial crisis in Cyprus.  Investors are concerned that a financial collapse in the country could cause further unrest in the European Union. 

If Cyprus is able to get financial aid and remain in the European Union – expect to see interest rates go up.  If not, more uncertainty will result in investors seeking safety and interest rates dropping.

This is absolutely the last week that borrowers can take advantage of current FHA MI guidelines.  FHA will raise mortgage insurance rates and make them for the life of the loan on Monday.  In order to avoid this increase, you need to get your FHA case number pulled by Friday.  Please call me if you would like to take advantage of current FHA MI guidelines before they go up.

Make it a great week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.75% paying 0 points

TODAY’S RATES:

30 year fixed:     3.625% paying .47 points,     3.75% paying 0 points,     3.99% – $0 costs

20 year fixed:   3.5% paying .46 points,     3.625% paying 0 points,     3.75%  – $0 costs

15 year fixed:   2.75% paying .99 points,     3% paying 0 points,     3.125% – $0 costs

5/1 ARM:   2.25% paying .65 points,     2.5% paying 0 points,     2.75% – $0 costs

7/1 ARM:    2.375% paying .99 points,     2.75% paying 0 points,     2.875%- $0 costs

30 year fixed High Balance Loan:    3.75% paying .77 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 0 points,     3.25% – $0 costs

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

TR-3-25-13

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 CONTINUE TO IMPROVE – LAST WEEK TO START A FHA LOAN BEFORE MI RATES GO UP

LOWEST INTEREST RATES IN OVER A MONTH – 30 YEAR FIXED TO 3.5%

INTEREST RATES SHOW BIGGEST IMPROVEMENT IN OVER A MONTH – 30 YEAR FIXED TO 3.5%

March 4th, 2013

Interest rates have been creeping up since December. Interest rates needed a dramatic event to turn the tide, and we saw that on Monday. With uncertainty regarding the results of the Italian elections, the stock markets tanked and interest rates received a much needed jolt. The Mortgage Backed Security market closed the week (+ 59 bps), pushing rates to their lowest levels in over a month.

The sequester came and went on Friday and it appeared the markets were expecting it, with no major movement.  The next debate is the debt ceiling, with the Federal government set to run out of money later this month. On Friday of this week, the unemployment report comes out which usually has a pretty large effect on interest rate pricing.

Remember that FHA is raising their mortgage insurance premiums and making them last the life of the loan on April 1st. If you pull your FHA case number before that, you can still qualify for the current guidelines.

Make it a great week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.625% paying 0 points

TODAY’S RATES:

30 year fixed:     3.5% paying .58 points,     3.625% paying 0 points,     3.75% – $0 costs

20 year fixed:     3.375% paying .65 points,     3.5% paying 0 points,     3.75% – $0 costs

15 year fixed:     2.75% paying .73 points,      3% paying 0 points,     3.125% – $0 costs

5/1 ARM:      2.125% paying .92 points,      2.375% paying 0 points,      2.75% – $0 costs

7/1 ARM:      2.375% paying .80 points,      2.625% paying 0 points,      2.875%- $0 costs

30 year fixed High Balance Loan:     3.625% paying .73 points;      3.875% paying 0 points;      4% – $0 costs

30 year fixed FHA:      3.25% – $0 costs

15 year fixed FHA:      2.75% paying 0 points,      2.875% – $0 costs

30 year fixed VA:      3.25% – $0 costs

TR-3-4-2013

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 SHOW BIGGEST IMPROVEMENT IN OVER A MONTH  –  30 YEAR FIXED TO 3.5%

INTEREST RATES STABLE LAST WEEK / UNCERTAINTY LOOMS

INTEREST RATES STABLE LAST WEEK  /   UNCERTAINTY LOOMS

February 18th, 2013

I hope everyone had a great President’s day and hopefully got the day off of work.

The MBS market closed down (-48 bps) on the week.  Most of the movement was due to a monthly rollover.  Even though the MBS market was down, interest rates stayed almost identical to the week before.

The markets are in a bit of a holding pattern on what will happen next.  The big events this week will be:

-The release of the FED minutes from January on Wednesday.  This is one of the events last month that led to rates rising.  If the FED conversations lead investors to believe that the FED plans to move away from QE or purchasing bonds and mortgage securities – rates will likely rise.

-The release of various housing data that should give more indication on the direction of the economy.

We have a bullish stock market and rising confidence in the economy – not good signs for interest rates. 

I still think we are in a market where interest rates are more likely to rise than fall.  The one ace in the hole for interest rates is the debt ceiling debate.  If the sequester happens and large mandatory spending cuts take place, I think we will see stock markets drop some, and  interest rates drop some.  However, I think that is unlikely to happen.

My recommendation is still to lock on any improvements.  If you can refinance and lower your rate with $0 costs – that is never a bad thing.  If rates drop again, you can always refinance again as very few loans hold prepayment penalties any longer.

Have a great week!!

BEST VALUE OF THE WEEK:

15 Year Fixed at 2.99% paying 0 points

TODAY’S RATES:

30 year fixed:     3.625% paying .43 points,     3.75% paying 0 points,     3.99% – $0 costs

20 year fixed:   3.375% paying .99 points,     3.625% paying 0 points,     3.75%  – $0 costs

15 year fixed:   2.75% paying .99 points,     2.99% paying 0 points,     3.25% – $0 costs

5/1 ARM:   2.375% paying .53 points,     2.5% paying 0 points,     2.875% – $0 costs

7/1 ARM:    2.5% paying .99 points,     2.75% paying 0 points,     3.125%- $0 costs

30 year fixed High Balance Loan:    3.75% paying .76 points;     4.125% paying 0 points;    4.25% – $0 costs

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

15 year fixed FHA:    2.75% – 0 points,     3% – $0 costs

30 year fixed VA:    3.25% – $0 costs

TR - 2-8-13

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 STABLE LAST WEEK – UNCERTAINTY LOOMS

Today’s Rates – 30 Year Fixed at 3.375%

TODAY’S RATES – 30 YEAR FIXED AT 3.375%

January 14th, 2012

Last week interest rates rose after hitting their best levels of the year on Monday. The Mortgage Backed Security Market traded down (– 50 bps) on Thursday, but recovered some on Friday. Overall on the week, the MBS market closed down (-5 bps).

Technical indicators are showing that the market has a higher appetite for stocks and a smaller appetite for bonds. If this trend continues we will continue to see interest rates trend higher, like they have over the past 2 months.

I recommend locking in pricing on any improvements in the market. I am going to Hawaii for 10 days on January 28th. If you think you would like to get something started this week, please call/email as soon as you can.

Hawaii

Have a great week!!

BEST VALUE OF THE WEEK:

15 Year Fixed at 2.99% with $0 costs

TODAY’S RATES:

30 year fixed:      3.375% paying .87 points,      3.5% paying 0 points,      3.75% – $0 costs
20 year fixed:      3.375% paying .53 points,      3.5% paying 0 points,       3.625% – $0 costs
15 year fixed:      2.75% paying .42 points,       2.875% paying 0 points,       2.99% – $0 costs
5/1 ARM:      2.25% paying .98 points,       2.625% paying 0 points,      2.875% – $0 costs
7/1 ARM:      2.5% paying .87 points,       2.75% paying 0 points,      3.125%- $0 costs
30 year fixed High Balance Loan:      3.625% paying .41 points;       3.75% paying 0 points;       4% – $0 costs
30 year fixed FHA:      3.25% – $0 costs
15 year fixed FHA:       2.75% – 0 points,       3% – $0 costs
30 year fixed VA:      3.25% – $0 costs

TR-1-21-2013

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.

Today’s Rates – 30 Year Fixed at 3.375%

INTEREST RATES DROP TO LOWEST LEVELS OF 2013

INTEREST RATES DROP TO LOWEST LEVELS OF 2013

January 14th, 2012

Interest rates hit their lowest levels of 2013 on Monday.

Mortgages rates improved and recovered some of their losses over the last week. The Mortgage Backed Security market closed up (+ 6 bps) last week, and up (+ 13 bps) on Monday.

The improvement was mainly due to a pull back of what I consider to be an overreaction by the market to December’s Fed minutes.

There is quite a few retail and housing reports due out this week along with Congress continuing the debt ceiling debate.

My recommendation is to lock if you are currently considering a loan. The MBS market is bearish and many investors in mortgage backed securities aren’t making money due to the amount of repeat refinances.

Have a great week and please call me if you would like to get a quote or have any questions about qualifying for a new loan.

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.5% with 0 points

TODAY’S RATES:

30 year fixed:    3.375% paying .43 points,     3.5% paying 0 points,     3.625% – $0 costs

20 year fixed:    3.25% paying .77 points,     3.5% paying 0 points,     3.625% – $0 costs

15 year fixed:     2.75% paying .17 points,     2.875% paying 0 points,     2.99% – $0 costs

5/1 ARM:     2.25% paying 1 point,      2.625% paying 0 points,      2.875% – $0 costs

7/1 ARM:      2.5% paying .89 points,       2.75% paying 0 points,       3.125%- $0 costs

30 year fixed High Balance Loan:      3.5% paying .95 points;      3.75% paying 0 points;      3.875% – $0 costs

30 year fixed FHA:      3.25% – $0 costs

15 year fixed FHA:      2.75% – $0 costs

30 year fixed VA:      3.25% – $0 costs

TR - 1-14-2013

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 Drop to Lowest Levels of 2013

TODAY’S INTEREST RATES

TODAY’S INTEREST RATES

November 26th, 2012

I hope everyone had a happy and safe Thanksgiving!!

Interest rates rose last week with the Mortgage Backed Security market trading down (-53 bps).  The stock market has been doing very well recently with optimism that a Fiscal Cliff deal will get done and positive signs from the economy.

I think the stock market is probably overbought a little bit, so I expect some rate improvement this week.  On Monday morning, the MBS market is trading up (+22 bps), so rates should improve from their close on Friday.  I do not expect a huge change in pricing, but I do predict some movement in a positive direction for interest rates.

The Holidays are usually a popular time to refinance.  You always get a 1 month payment deferral on your mortgage, and you get refund from your old escrow account after closing if you impound your taxes and insurance in your payment.  I can still get most loans done today by Christmas.  If you are interested in lowering your payment and getting some extra cash in your pocket for the Holidays, please call me today.

TODAY’S RATES:

30 year fixed:     3.375% paying .43 points,     3.5% paying 0 points,     3.625% – $0 costs

20 year fixed:   3.25% paying .43 points,     3.375% paying 0 points,     3.5%  – $0 costs

15 year fixed:   2.75% paying .46 points,     2.875% paying 0 points,     3.125% – $0 costs

5/1 ARM:   2.125% paying .96 points,     2.5% paying 0 points,     2.75% – $0 costs

7/1 ARM:    2.375% paying .89 points,     2.625% paying 0 points,     2.875%- $0 costs

30 year fixed High Balance Loan:    3.5% paying .61 points;     3.625% – 0 points;    3.75% – $0 costs

30 year fixed FHA:    3.25% – $0 costs

15 year fixed FHA:    2.75% – $0 costs

30 year fixed VA:    3.25% – $0 costs

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.

Today’s Interest Rates.

30 YEAR FIXED AT 3.625% WITH .67 POINTS

30 YEAR FIXED AT 3.625% WITH .67 POINTS

May 14th, 2012

The MBS Market closed last week trading up (+9 bps.)    

Rates continue their positive momentum as concerns continue to mount regarding Europe’s debt situation.  As I explained last week, rates and pricing are great and are equal to the lowest levels in the history of the mortgage industry.

The market seems to have hit a bottom, as lenders are not offering below a certain level on the rate and pricing even when the market improves. 

MY BEST VALUES OF THE WEEK:

30 Year Fixed at 3.625% paying .67 points

30 Year Fixed High Balance Loan at 3.875% paying .32 points

Below are rates available today paying a point or less:

30 year fixed: 3.625% paying .67 points, 3.875% paying 0 points

20 year fixed: 3.5% paying .32 points, 3.625% paying 0 points

15 year fixed: 2.875% paying .80 points, 3.125% paying 0 points

5/1 ARM: 2.375% paying .84 points, 2.75% paying 0 points

7/1 ARM: 2.625% paying .9 point, 2.75% paying 0 points

30 year fixed High Balance Loan: 3.875% paying .34 points, 3.99% paying 0 points

30 year fixed FHA: 3.75% paying 0 points

15 year fixed FHA: 2.875% paying .7 points, 3.125% paying 0 points

30 year fixed VA: 3.75% paying 0 points

 

Today’s Mortgage Interest Rates.  Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado.  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.

30 Year Fixed at 3.625% with .67 points

MORTGAGE RATES REMAIN AT RECORD LOWS

MORTGAGE RATES REMAIN AT RECORD LOWS:

December 19th, 2011

The bond market closed last week trading up (+ 66 bps). Another good week for the bond market but we have reached a level where rates aren’t really going any lower, regardless of the bond market. Some lenders have raised their pricing a little bit, even though the bond market is trading up.

The Mortgage rate market is still tied closely to the debt crisis in Europe. If investors continue to invest in the safety of US treasury bonds, mortgage rates should remain at their current levels.

Below are rates available today paying a point or less:

30 year fixed: 3.875% paying .55 points, 4% paying 0 points
20 year fixed: 3.75% paying .77 points, 4% paying 0 points
15 year fixed: 3.25% paying .658 points, 3.375% paying 0 points
5/1 ARM: 2.5% paying .87 points; 2.875% paying 0 points
7/1 ARM: 2.875% paying .475 points, 3% paying 0 points
30 year fixed High Balance Loan: 4% paying 1 point, 4.375% paying 0 points
30 year fixed FHA: 3.75% paying 0 points
15 year fixed FHA: 3.25% paying 0 points
30 year fixed VA: 3.75% paying 0 points

Today’s Mortgage Interest Rates.  Current Mortgage Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado.  Mortgage Rates Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, DU Refi Plus Mortgages, Freddie Mac Open Access Mortgages, Freddie Mac Foreclosure Relief Mortgage, VA mortgages, VA Interest Rate Reduction Loans, FHA mortgages, FHA streamline mortgages, Conforming mortgages, Conventional Mortgages, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages,  and Jumbo Mortgages.

December 19th, 2011

Mortgage Rates Remain at Record Lows