Reggie Green Mortgage Banker

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:

WWW.FREEMORTGAGEQUOTE.BIZ

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

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Reggie Green – The Green Home Mortgage Team.

WEEKLY RATE – Interest Rates Slightly Improve after FED Announcement

WEEKLY RATE – Interest Rates Slightly Improve after FED announcement

January 2016

The stock and oil markets have shown a ton of volatility over the past 2 weeks, but rates have remained relatively stable – improving slightly over that period of time.

Last week the Mortgage Backed Security (MBS) market finished trading slightly down -4 bps.  So far this week, the MBS market has made some nice gains trading up +34 bps through Wednesday.

The FED statement came out on Wednesday and they will not raise the Federal Funds rates right now.  They site positive labor growth, but economic growth has slowed.  The FED anticipated they would raise the funds rate 4 times in 2016, but that no longer seems realistic with the unrest in the markets.  Most experts don’t believe the FED will raise the Funds rate at their March meeting either. 

With the stock and oil markets showing some signs of improvement, now is a good time to lock.  Rates are sitting at or near 7 month lows and I don’t see a ton of improvement from where they are now. 

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:       3.75% – .88 points (3.93% APR),       3.99% – 0 points (4.03% APR)

20 year fixed:       3.5% – .81 points (3.66% APR),        3.75% – 0 points (3.77% APR)

15 year fixed:        2.99% – .99 points (3.19% APR),        3.25% – 0 points (3.28% APR)

10 year fixed:        2.875% – .65 points (3.01 % APR),        3.125% – 0 points (3.16% APR)

5/1 ARM:        3.0% – 1 point (3.2% APR),         3.5% – 0 points (3.54% APR)

7/1 ARM:       3.25% – .95 points (3.43% APR),        3.625% – 0 points (3.67% APR)

30 year fixed FHA:        3.375% – .95 points (4.26% APR),      3.625% – 0 points (4.32% APR)

15 year fixed FHA:        2.875% – 1 point (3.375% APR),      3.125% – 0 points (3.42% APR)

30 year fixed VA:        3.5% – .69 points (3.64% APR),      3.75% – 0 points (3.77% APR)

Today's Interest Rates - January 28th, 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.  January 28th 2016 30 year fixed rates, January 29th 2016 30 year fixed rates, January 30th 2016 30 year fixed rates, January 31st 2016 30 year fixed rates, February 1st 2016 30 year fixed rates, February 2nd 2016 30 year fixed rates, February 3rd 2015 30 year fixed rates.

WEEKLY RATE – Interest Rates Slightly Improve after FED Announcement

Interest Rates Approach 6-7 Month Lows

WEEKLY RATE – Interest Rates Approach 6-7 Month Lows

January 2016

Interest rates continued to improve last week with the shakiness in the stock and oil markets, and investors seeking safety in bonds and treasuries.  The Mortgage Backed Security (MBS) market closed last week + 46 bps, pushing rate pricing to close to the lowest levels we’ve seen in 6-7 months. 

With the recent rate improvement and concerns over the global economy, there could be another refinance boom coming as borrowers look to take advantage of the lower rates before they go up for good. 

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:       3.75% – 1 point (3.95% APR),       3.99% – 0 points (4.04% APR)

20 year fixed:       3.5% – .98 points (3.69% APR),        3.75% – 0 points (3.77% APR)

15 year fixed:        2.99% – .99 points (3.19% APR),        3.25% – 0 points (3.28% APR)

10 year fixed:        2.875% – .96 points (3.07 % APR),        3.125% – 0 points (3.16% APR)

5/1 ARM:        3.0% – 1 point (3.2% APR),         3.5% – 0 points (3.54% APR)

7/1 ARM:       3.25% – .88 points (3.43% APR),        3.625% – 0 points (3.67% APR)

30 year fixed FHA:        3.5% – .98 points (4.4% APR),      3.75% – 0 points (4.45% APR)

15 year fixed FHA:        2.875% – 1 point (3.37% APR),      3.125% – 0 points (3.42% APR)

30 year fixed VA:        3.5% – .69 points (3.62% APR),      3.75% – 0 points (3.77% APR)

Today's Interest Rates - January 19th, 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.  January 19th 2016 30 year fixed rates, January 20th 2016 30 year fixed rates, January 21st 2016 30 year fixed rates, January 22nd 2016 30 year fixed rates, January 23rd 2016 30 year fixed rates, January 24th 2016 30 year fixed rates, January 25th 2015 30 year fixed rates.

Interest Rates Approach 6-7 month Lows.

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