INCREASED VOLATILITY IN INTEREST RATES , BIG ANNOUNCEMENT ON 1/22

Increased Volatility in Interest Rates , Big announcement on 1/22

January 21st, 2015

Interest rates have been very volatile with a flood of financial news hitting the markets.

The Mortgage Backed Security Market (MBS that has a large effect on interest rates) closed last week + 24 bps – but was marked by large swings especially on Friday – closing down -92 bps. So far this week the MBS market is trading down – 10 bps.

Overall, interest rates are slightly higher than last week. 30 year fixed rates are now available at 3.625% with a portion of a point, and 3.75% with 0 points. 15 year fixed rates are now available at 2.875% paying a portion of a point, and 3.125% paying 0 points.

The big news comes tomorrow with an expected European Central Bank (ECB) announcement of a market stimulus. If the amount of the stimulus is higher than what is expected, we could see a rise in rates.

With all this volatility, I feel the safest thing is to lock unless you want large pricing changes to your potential loan scenario on a daily basis.

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

7/1 ARM at 3.25% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.625% – .375 points (3.7% APR),       3.75% – 0 points (3.78% 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),       3.25% – 0 points (3.29% APR)

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

5/1 ARM:       2.875% – .875 points (3.05% APR),        3.25% – 0 points (3.28% APR)

7/1 ARM:       3.0% – .75 points (3.15% APR),        3.25% – 0 points (3.29% APR)

30 year fixed FHA:       3.25% – .625 points (3.975% APR),        3.375% – 0 points (3.975% APR)

15 year fixed FHA:       2.75% – .375 points (3.075% APR),          2.875% – 0 points (3.1% APR)

30 year fixed VA:        3.25% – .875 points (3.42% APR),         3.5% – 0 points (3.55% APR)

Today's Interest Rates - July 21st, 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, 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 21st 2015 30 year fixed rates, January 22nd 2015 30 year fixed rates, January 23rd 2015 30 year fixed rates, January 24th 2015 30 year fixed rates, January 25th 2015 30 year fixed rates, January 26th 2015 30 year fixed rates, January 27th 2015 30 year fixed rates.

INCREASED VOLATILITY IN INTEREST RATES , BIG ANNOUNCEMENT ON 1/22

INTEREST RATES IMPROVE BY .3 BASIS POINTS IN PRICING

INTEREST RATES IMPROVE BY .3 BASIS POINTS IN PRICING

June 24th, 2014

Last week and this week has been rather hectic with mortgage rate pricing.

Last week the Mortgage Backed Security market closed up + 41 bps marked by big movement days on Tuesday, Wednesday and Friday. This week the market closed down – 25 bps on Monday, but is trading up + 18 bps on Tuesday.

The end result from my last week’s update is that interest rate pricing has improved by about .3 pts in costs at any given rate as a result. So the rates are the same, but the costs to get each rate is lower.

Last week the Fed released their policy statement regarding inflation and lowered their stimulus another 10 billion. On Friday, the May employment report was released which came very close to forecasts with job creation going down to 218,000.

Overall we are in a pretty good place with interest rates right now. Rates are lower today than they were in June of 2013. Pricing is being supported by unrest in the world – most recently with the Iraq conflict.

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

Below are today’s interest rates – have a wonderful week!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 4.25% paying 0 points

20 Year Fixed at 4.125% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .75 points (4.275% APR),       4.25% – 0 points (4.29% APR)

20 year fixed:       4% – .48 points (4.09% APR),        4.125% – 0 points (4.16% APR)

15 year fixed:        3.25% – .88 points (3.44% APR),         3.5% – 0 points (3.52% APR)

10 year fixed:         3% – .99 points (3.2% APR),         3.25% – 0 points (3.28% APR)

5/1 ARM:        2.875% – .92 points (3.03% APR),         3.125% – 0 points (3.129% APR)

7/1 ARM:        3.25% – .76 points (3.4% APR),          3.5% – 0 points (3.52% APR)

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

15 year fixed FHA:        3.25% – 0 points (3.57% APR)

30 year fixed VA:        3.75% – .47 points (3.87% APR),         3.875% – 0 points (3.92% APR)

Today's Interest Rates - June 24th, 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. June 23rd 2014 30 year fixed rates, June 24th 2014 30 year fixed rates, June 25th 2014 30 year fixed rates, June 26th 2014 30 year fixed rates, June 27th 2014 30 year fixed rates, June 28th 2014 30 year fixed rates, June 30th 2014 30 year fixed rates.

INTEREST RATES IMPROVE BY .3 BASIS POINTS

INTEREST RATES IMPROVE – FED MEETING THIS WEEK

INTEREST RATES IMPROVE  –  FED MEETING THIS WEEK

March 18th, 2013

Interest rates had a good week last week with the mortgage backed security market closing the week trading up (+ 60 bps).  Welcome news after the sharp rise in rates the week before.  Overall, fixed interest rates went down approximately .125% with similar costs.

Even with positive trading for the majority of last week, the market was still very volatile.  Expect that to continue.

The main things to watch this week will be:

The Federal Open Market Committee’s public statement on Wednesday

The Stock Market’s performance

As always, the monthly Fed meeting and policy statement has the ability to substantially alter interest rates.  With most recent economic news being positive, many are watching to see if the FED will give clues on if they will stop buying treasuries and mortgage backed securities early.  If they do, expect rates to rise quickly.

The stock market has been trading at all time high’s for a couple of weeks now.  Many prognosticators have predicted a pull back, but this hasn’t happened yet.  If we do see some stock sell off and profit taking, interest rates will likely improve.

Remember that FHA is raising mortgage insurance rates and making it for the life of the loan on April 1st.  You can still get in with the old guidelines if I pull your FHA case number before April 1st

Had a great time running a race in Moab, Utah this weekend and celebrating my son’s 2nd Birthday.  I apologize if I was unavailable to get back to some of you to this week.  I will be back in town Monday afternoon.

arches rs

 

 

 

 

 

 

 

 

 

 

Make it a great week!!

BEST VALUE OF THE WEEK:

15 Year Fixed at 3.125% paying $0 costs

TODAY’S RATES:

30 year fixed:     3.625% paying .61 points,     3.75% paying 0 points,     4% – $0 costs

20 year fixed:   3.5% paying .76 points,     3.625% paying 0 points,     3.875%  – $0 costs

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

5/1 ARM:   2.25% paying .82 points,     2.5% paying 0 points,     2.75% – $0 costs

7/1 ARM:    2.5% paying .72 points,     2.75% paying 0 points,     3%- $0 costs

30 year fixed High Balance Loan:    3.75% paying .77 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,     2.875% – $0 costs

30 year fixed VA:    3.25% – $0 costs

TR- 3-18-2103

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  –  FED MEETING THIS WEEK

INTEREST RATES STAY CONSISTENT / 85 BILLION IN SPENDING CUTS

INTEREST RATES STAY CONSISTENT  /   85 BILLION IN SPENDING CUTS ON FRIDAY

February 25th, 2013

Interest rates remain stable for the third straight week.  The Mortgage Backed Security Market closed the week trading up (+ 16 bps), but Monday morning is trading down (-21 bps). 

Interest rates continue the trend of staying relatively the same or slightly moving up.  The FEDs MBS purchasing program is keeping rates from going up to much, but the market has not significantly improved in over a month.

On Friday, 85 billion in spending cuts are scheduled to take place unless a deal is made in Congress.  The global markets have known about this for some time and it hasn’t affected the markets thus far.  This is something to watch closely though as both parties agree that the current spending cuts will have a negative effect on the economy.

Interest rates are unlikely to gain significant improvement without a dramatic loss in the stock market.  Maybe the automatic spending cuts will be the event that makes that happen.  I’ll be watching closely, but I still believe a last minute deal will take place kicking the can further down the road.

Have a great week!!

BEST VALUE OF THE WEEK:

5/1 ARM at 2.375% paying 0 points

TODAY’S RATES:

30 year fixed:     3.625% paying .56 points,     3.75% paying 0 points,     4% – $0 costs

20 year fixed:   3.5% paying .61 points,     3.625% paying 0 points,     3.875%  – $0 costs

15 year fixed:   2.875% paying .59 points,     3% paying 0 points,     3.25% – $0 costs

5/1 ARM:   2.125% paying .99 points,     2.375% paying 0 points,     2.75% – $0 costs

7/1 ARM:    2.5% paying .60 points,     2.625% paying 0 points,     2.875%- $0 costs

30 year fixed High Balance Loan:    3.75% paying .84 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% paying 0 pts,     3.375% – $0 costs

TR - 2-25-13

INTEREST RATES STAY CONSISTENT   /  85 BILLION IN SPENDING CUTS

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 RISE SLIGHTLY – 30 YEAR FIXED PAR RATE STILL AT 3.25%

INTEREST RATES RISE SLIGHTLY  –  30 YEAR FIXED PAR RATE STILL AT 3.25%

November 19th, 201

Interest rates rose slightly last week with the stock market optimistic that a deal will get done to avoid the fiscal cliff.

The Mortgage backed security market closed last week down (-28 bps), and is currently trading on Monday down (-11 bps). 

On Friday, President Obama met with other political leaders to discuss the fiscal cliff.  Both sides seem to be softening their stance so the stock market is optimistic that a deal will get done – which is pushing stocks up and mortgage backed securities down.

This is a shortened week due to the Thanksgiving Holiday. 

On Monday, housing data was released that continues to show the housing market improving.  On Tuesday, The European Union is meeting with Greece regarding additional funds to avoid the country defaulting on it’s debt.  Ben Bernanke is also speaking at the NY Economics Club.  The market will be listening for clues on the Fed’s next move.

Rates are still trading in narrow ranges with the same rates available with fluctuating costs depending on how the market is moving.  30 Year Fixed rates at 3.25% are still available paying a point.  I see interest rates remaining in this range through the end of 2012. 

Have a Happy and Safe Thanksgiving!!

TODAY’S RATES:

30 year fixed:     3.25% paying 1 point,     3.5% paying 0 points,     3.625% – $0 costs

20 year fixed:   3.25% paying .38 points,     3.375% paying 0 points,     3.5%  – $0 costs

15 year fixed:   2.75% paying .42 points,     2.875% paying 0 points,     3.125% – $0 costs

5/1 ARM:   2.125% paying .89 points,     2.5% paying 0 points,     2.75% – $0 costs

7/1 ARM:    2.375% paying .74 points,     2.625% paying 0 points,     2.875%- $0 costs

30 year fixed High Balance Loan:    3.5% paying .34 points;     3.625% – $0 costs

30 year fixed FHA:    3.25% – $0 costs

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

INTEREST RATES RISE SLIGHTLY  –  30 YEAR FIXED PAR RATE STILL AT 3.25%

INTEREST RATES VERY VOLATILE IN WAKE OF FISCAL CLIFF

INTEREST RATES VERY VOLATILE IN WAKE OF FISCAL CLIFF

November 14th, 2012

Interest rates have seen quite the see-saw action over the past week. Interest went up quite a bit on election day. Then dropped quite a bit after the election when the stock market dropped off.

Overall, last week interest rates improved – with the MBS market closing at (+ 47 bps).

This week has been a different story so far. The MBS market is trading (- 57 bps) for the week, pushing rates to the level we saw the week before the election.

Expect volatility in the markets right now. There is still the looming question of what Congress and the President are going to do regarding the fiscal cliff. It would be political suicide for this deal not to get done, so I definitely don’t see a compromise not being made. The question is – what will the compromise be?

I still see rates staying very similar to their current levels, but we could see quite a bit of closing cost variation on a daily basis depending on the market that day.

TODAY’S RATES

30 year fixed:    3.25% paying .97 points,    3.5% paying 0 points,     3.625% – $0 costs
20 year fixed: 3.25% paying .56 points,     3.375% paying 0 points,     3.625% – $0 costs
15 year fixed:     2.75% paying .59 points,    2.875% paying 0 points,    3.125% – $0 costs
5/1 ARM:     2.125% paying .76 points,     2.5% paying 0 points,     2.75% – $0 costs
7/1 ARM:     2.25% paying .99 points,     2.625% paying 0 points,     2.875%- $0 costs
30 year fixed High Balance Loan:     3.5% paying .199 points;     3.625% – $0 costs
30 year fixed FHA:     3.25% – $0 costs
15 year fixed FHA:     2.75% – 0 points,     2.875% – $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.

INTEREST RATES VERY VOLATILE IN WAKE OF FISCAL CLIFF

 

MORTGAGE RATES REMAIN AT RECORD LOWS!!

MORTGAGE RATES REMAIN NEAR ALL TIME LOWS

The bond market closed last week down 94 bps pushing mortgage rates and pricing higher. This move higher was due to a great week on Wall Street where the stock market closed higher every day. There has been some pull back on Monday with the stock market being down, pushing rates back to lower levels. The bond market closed Monday up + 55 bps pushing mortgage rates and pricing back down to the low levels at the beginning of last week.

Below are current rates available paying a point or less.

30 year fixed: 3.875% paying 1 point, 4.125% paying 0 points

20 year fixed: 3.75% paying 0 points

15 year fixed: 3.25% paying 0 points

5/1 ARM: 2.625% paying .6 points, 2.875% paying 0 points

7/1 ARM: 2.875% paying .8 points, 3.25% 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

30 year fixed High Balance Loan: 4.125% paying .85 points, 4.375% 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, VA mortgages, FHA mortgages, Conforming mortgages, Conventional Mortgages, High Balance Mortgages and Jumbo Mortgages.

Mortgage Rates Remain at Record Lows