MORTGAGE NEWS
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May 3, 2016
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0 cost mortgage, 0 point interest rates, 0 point mortgage, 0 points
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WEEKLY RATE – Rates Improve Last Week, US Employment Report on Friday
May 2016
Happy May!!
Interest rates moved slightly lower last week with the Mortgage Backed Security (MBS) market trading up 3 of the 5 days and closing up +41 bps.
The FED didn’t raise rates on Wednesday and most don’t expect them to until Fall. Overall rates are slightly better, but still in the same small range they’ve been in since February.
Friday is the US Non Farm Payroll report which is the biggest indicator of where rates will head in May.
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: 3.625% – .43 points (3.71% APR), 3.75% – 0 points (3.78% APR)
20 year fixed: 3.375% – 1 point (3.57% APR), 3.625% – 0 points (3.64% APR)
15 year fixed: 2.875% – .53 points (2.98% APR), 2.99% – 0 points (3.05% APR)
10 year fixed: 2.625% – 1 point (2.83% APR), 2.875% – 0 points (2.92% APR)
5/1 ARM: 2.875% – .78 points (3.03% APR), 3.125% – 0 points (3.17% APR)
7/1 ARM: 3.0% – .97 points (3.2% APR), 3.375% – 0 points (3.41% APR)
30 year fixed FHA: 3.25% – .35 points (4.02% APR), 3.375% – 0 points (4.04%APR)
15 year fixed FHA: 2.75% – 1 point (3.27% APR), 3.125% – 0 points (3.42% APR)
30 year fixed VA: 3.25% – .60 points (3.37% APR), 3.375% – 0 points (3.41% 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. May 2nd 2016 30 year fixed rates, May 3rd 2016 30 year fixed rates, May 4th 2016 30 year fixed rates, May 5th 2016 30 year fixed rates, May 6th 2016 30 year fixed rates, May 7th 2016 30 year fixed rates, May 8th 2016 30 year fixed rates.
Weekly Rate – Rates Improve Last Week, US Employment Report on Friday
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MORTGAGE NEWS
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September 30, 2013
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INTEREST RATES CONTINUE HOT STREAK – 30 YEAR FIXED DOWN TO 4.125%
September 30th, 2013
Interest rates continued their hot streak since the FED decided not to taper a week and a half ago. Interest rates improved 4 of the 5 days last week and interest rates are now at their lowest levels since June.
30 Year Fixed dropped to 4.125%, 20 year fixed to 4% and 15 year fixed to 3.25%.

Now is a really good time to take advantage of the pricing drop as we don’t know how long this will last. This will be a very volatile week with the Government shutdown looming and also the September employment report on Friday.
There is a lot of uncertainty coming our way.
Also just a reminder – FHA has reduced the waiting period to 1 year after a short sale, purchase and bankruptcy to qualify for a new loan. Please contact me if you are 1 year out of one of these situations and would like to look into buying again.
Make it a great week!!
BEST VALUE OF THE WEEK:
30 Year Fixed at 4.375% paying 0 points
20 Year Fixed at 4.25% with $0 costs
15 Year Fixed at 3.375% paying 0 points
TODAY’S RATES:
30 year fixed: 4.25% – 1point, 4.375% – 0 points, 4.5% – $0 costs
20 year fixed: 4% – .71 points, 4.125% – 0 points, 4.25% – $0 costs
15 year fixed: 3.25% – .77 points, 3.375% – 0 points, 3.625% – $0 costs
10 year fixed: 3% – .47 points, 3.125% – 0 points, 3.5% – $0 costs
5/1 ARM: 2.75% – .87 points, 3.125% – 0 points, 3.375% – $0 costs
7/1 ARM: 3.25% – .99 points, 3.625% – 0 points, 3.875% – $0 costs
30 year fixed FHA: 3.75% – 0 points, 4% – $0 costs
15 year fixed FHA: 3.25% – .28 points, 3.375% – 0 points, 3.625% – $0 costs
30 year fixed VA: 3.75% – .22 points, 3.875% – 0 points, 4.125% – $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. Arizona refinance, California refinance, Colorado refinance. Scottsdale, Arizona Mortgage Banker in McCormick Ranch. 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. September 30th interest rates, October 1st interest rates, October 2nd interest rates, October 3rd interest rates, October 4th interest rates, October 5th interest rates, October 6th interest rates.
INTEREST CONTINUE HOT STREAK – 30 YEAR FIXED DOWN TO 4.125%
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MORTGAGE NEWS
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September 24, 2013
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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.
The 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

Interest Rates Improve to 6 Week Lows
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MORTGAGE NEWS
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April 8, 2013
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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

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
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MORTGAGE NEWS
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March 25, 2013
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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

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
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MORTGAGE NEWS
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March 18, 2013
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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.

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

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
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MORTGAGE NEWS
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February 19, 2013
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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

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
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MORTGAGE NEWS
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January 21, 2013
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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.

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

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%
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MORTGAGE NEWS
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January 15, 2013
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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

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
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MORTGAGE NEWS
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November 26, 2012
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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.
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