WEEKLY RATE – Rates Improve After the FED Decided Not To Raise Rates

The FED announced on Wednesday that they would not raise rates on Wednesday which created a nice positive for bond trading and interest rate pricing. 

The Mortgage Backed Security (MBS) market closed the week trading up + 40 bps and rate pricing improved nicely past Wednesday.  Rates are now at about 2 week lows after moving up some in the prior week. 

There were hints that the FED could actually raise rates at their next meeting in December. 

The MBS market is trading in a narrow range and most experts don’t see a whole lot of benefit in floating due to the unlikelihood of rates pushing much lower. 

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

TODAY’S INTEREST RATES:

30 year fixed:       3.375% – .64 points (3.45% APR),       3.5% – 0 points (3.54% APR)

20 year fixed:       3.125% – .77 points (3.27% APR),     3.25% – 0 points (3.28% APR)

15 year fixed:        2.75% –  .43 points (2.85% APR),        2.875% – 0 points (2.91% APR)

10 year fixed:        2.625% – .91 points (2.8% APR),      2.75% – 0 points (2.79% APR)

5/1 ARM:        3.0% – .99 points (3.2% APR),         3.625% – 0 points (3.7% APR)

7/1 ARM:       3.125% – .99 points (3.32% APR),        3.75% – 0 points (3.79% APR)

30 year fixed FHA:        3.125% – .89 points (4.0% APR),     3.25% – 0 points (3.95% APR)

15 year fixed FHA:        2.75% – .31 points (3.12% APR),      2.875% – 0 points (3.17% APR)

30 year fixed VA:        3.25% – 0 points (3.27% APR)

 

 

 

 

 

 

 

 

 

 

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.  September 26th 2016 30 year fixed rates, September 27th 2016 30 year fixed rates, September 28th 2016 30 year fixed rates, September 29th 30 year fixed rates, September 30th 2016 30 year fixed rates, October 1st 2016 30 year fixed rates, October 2nd 2016 30 year fixed rates.

WEEKLY RATE – Rates Improve After the FED Decided Not To Raise Rates