Washington state mortgage rates

WEEKLY RATE – Rates Rise, Most Expect the FED to Raise Rates In June or July

WEEKLY RATE – Rates Rise, Most Expect the FED to Raise Rates In June or July

May 2016

Interest rates started off last week with some tough sledding but since then have improved some.

The Mortgage Backed Security (MBS) market closed the week trading down -53 bps.  Monday through Wednesday all had big losses but the market rebounded slightly on Thursday and Friday. 

Many FED officials are commentating that the Fed will likely increase rates in June or July of 2016.  At this point in almost seems a foregone conclusion.  Most analysts I watch expect mortgage interest rates to rise in the coming months as well.

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% – .41 points (3.71% APR),       3.75% – 0 points (3.8% APR)

20 year fixed:       3.375% – .72 points (3.52% APR),        3.5% – 0 points (3.57% APR)

15 year fixed:        2.875% – .62 points (2.99% APR),        3.125% – 0 points (3.16% APR)

10 year fixed:        2.75% – .48 points (2.85% APR),        2.875% – 0 points (2.91% APR)

5/1 ARM:        2.875% – 1 point (3.07% APR),         3.375% – 0 points (3.42% APR)

7/1 ARM:       3.125% – .87 points (3.3% APR),        3.375% – 0 points (3.41% APR)

30 year fixed FHA:        3.25% – .47 points (4.035% APR),     3.375% = 0 points (4.075% APR)

 15 year fixed FHA:        2.75% – 1 point (3.25% APR),      3.0% – 0 points (3.3% APR)

30 year fixed VA:        3.25% – .72 points (3.39% APR),      3.5% – 0 points (3.53% APR)

Today's Interest Rates - May 24th 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.  May 24th 2016 30 year fixed rates, May 25th 2016 30 year fixed rates, May 26th 2016 30 year fixed rates, May 27th 2016 30 year fixed rates, May 28th 2016 30 year fixed rates, May 29th 2016 30 year fixed rates, May 30th 2016 30 year fixed rates.

WEEKLY RATE – Rates Rise, Most Expect the FED to Raise Rates In June or July

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Interest Rates Make Move Higher

Interest Rates Make Move Higher

Last week was a BAD week for interest rates right from the beginning capped by a stronger than expected jobs report. The Mortgage Backed Security market closed down every day but Thursday, ending the week trading down -198 bps. This was the biggest market movement in over a year and pushed rates approximately .25% higher than the week before.

30 year fixed rates are now available at 3.99% paying 1 points (4.19% APR), and 4.25% paying 0 points (4.29% APR). 15 year fixed rates are now available at 3.25% paying .74 points (3.39% APR), and 3.5% paying 0 points (3.55% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

The market now seems less concerned about the Greek debt crisis that helped keep interest rates low. The positive economic reports, higher than expected job creation and the belief the FED will not raise their rates until 2015 are all contributing to interest rates moving higher.

Interest rates will likely continue to remain volatile and floating is very risky at this point. If you like the rate – lock it. We can always float it down if interest rates drop significantly after you lock.

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:       3.99% – 1 point (4.19% APR),       4.25% – 0 points (4.29% APR)

20 year fixed:        3.875% – .45 points (3.96% APR),        4.0% – 0 points (4.03% APR)

15 year fixed:       3.25% – .74 points (3.39% APR),        3.5% – 0 points (3.55% APR)

10 year fixed:        3.125% – .72 points (3.26% APR),         3.375% – 0 points (3.4% APR)

5/1 ARM:        3.125% – .83 points (3.29% APR),         3.5% – 0 points (3.53% APR)

7/1 ARM:        3.375% – .84 points (3.54% APR),         3.75% – 0 points (3.77% APR)

30 year fixed FHA:        3.75% – 0 points (4.45% APR)

15 year fixed FHA:        3.125% – .68 points (3.56% APR),         3.25% – 0 points (3.57% APR)

30 year fixed VA:         3.75% – .27 points (3.80% APR),          3.875% – 0 points (3.89% APR)

Today's Interest Rates - June 8th, 2015

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. June 8th 2015 30 year fixed rates, June 9th 2015 30 year fixed rates, June 10th 2015 30 year fixed rates, June 11th 2015 30 year fixed rates, June 12th 2015 30 year fixed rates, June 13th 2015 30 year fixed rates, June 14th 2015 30 year fixed rates.

Interest Rates Make Move Higher

Interest Rates Up and Down Before Payroll Report on Friday

Interest Rates Up and Down Before Payroll Report on Friday

April 1st, 2015

After improving for two weeks straight, interest rates shot up in the middle of last week with the Mortgage Backed Security (MBS) market trading substantially lower on Wednesday and Thursday. This is a somewhat expected pull back when rates go one direction for an extended period of time. Luckily the MBS market has pulled back up, closing positive on Friday and Monday and Tuesday of this week. Overall, the MBS market closed down -18 bps last week and is currently trading up + 42 bps this week.

30 year fixed rates are now available at 3.625% paying .82 points (3.78% APR), and 3.75% paying 0 points (3.79% APR). 15 year fixed rates are now available at 2.875% paying .96 points (3.066% APR), and 3.125% paying 0 points (3.13% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

On the first Friday of every month, the non farm payroll report is released. This is the biggest market moving report of them all. I would recommend locking your loan before Friday as this report will typically make the market very volatile.

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!!

BEST VALUE OF THE WEEK:

30 Year Fixed at 3.75% paying 0 points

20 Year Fixed at 3.625% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.625% – .82 points (3.78% APR),       3.75% – 0 points (3.79% APR)

20 year fixed:       3.5% – .27 points (3.55% APR),        3.625% – 0 points (3.67% APR)

15 year fixed:       2.875% – .96 points (3.066% APR),        3.125% – 0 points (3.13% APR)

10 year fixed:        2.75% – .61 points (2.87% APR),        2.875% – 0 points (2.9% APR)

5/1 ARM:       2.625% – 1 point (2.82% APR),        3.0% – 0 points (3.05% APR)

7/1 ARM:        3.0% – .74 points (3.15% APR),        3.25% – 0 points (3.29% APR)

30 year fixed FHA:       3.25% – .51 points (4.05% APR),        3.375% – 0 points (4.07% APR)

15 year fixed FHA:       2.75% – .62 points (3.17% APR),        3% – 0 points (3.3% APR)

30 year fixed VA:       3.25% – .76 points (3.4% APR),        3.5% – 0 points (3.55% APR)

Today's Interest Rates - April 1st, 2015

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. April 1st 2015 30 year fixed rates, April 2nd 2015 30 year fixed rates, April 3rd 2015 30 year fixed rates, April 4th 2015 30 year fixed rates, April 5th 2015 30 year fixed rates, April 6th 2015 30 year fixed rates, April 7th 2015 30 year fixed rates.

Interest Rates Up and Down Before Payroll Report on Friday

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