Rates Continue Rapid Drop , 30 Year Fixed to 3.5%

Rates Continue Rapid Drop , 30 Year Fixed to 3.5%

January 14th, 2015

Interest rates continued their rapid decline with rate improvement 6 of the past 8 days.

30 Year Fixed rates are now at 3.5% paying 1 point and 3.625% paying 0 points. 15 year fixed rates are now at 2.875% paying .5 points and 3% paying 0 points.

The drop in rates is mostly due to the lower than expected economic numbers coming out. Experts continue to lower their economic forecasts and most of the world is hurting outside of the US economy.

Now is a great time to lock with rates being the lowest I’ve seen them in almost 2 years.

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 3.625% paying 0 points

15 Year Fixed at 3.0% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:      3.5% – 1 point (3.7% APR),       3.625% – 0 points (3.72% APR)

20 year fixed:       3.375% – .25 points (3.425% APR),       3.5% – 0 points (3.57% APR)

15 year fixed:       2.875% – .5 points (2.975% APR),         3.0% – 0 points (3.02% APR)

10 year fixed:       2.5% – 1 point (2.7% APR),        2.875% – 0 points (2.88% APR)

5/1 ARM:        2.625% – 1 point (2.875% APR),        3.0% – 0 points (3.04% APR)

7/1 ARM:       2.875% – .875 points (3.05% APR),       3.125% – 0 points (3.15% APR)

30 year fixed FHA:       3.25% – 0 points (4.25% APR)

15 year fixed FHA:       2.75% – .125 points (3.06% APR),        2.875% – 0 points (3.175% APR)

30 year fixed VA:       3.25% – .125 points (3.27% APR),        3.375% – 0 points (3.4% APR)

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 14th 2014 30 year fixed rates, January 15th 2014 30 year fixed rates, January 16th 2014 30 year fixed rates, January 17th 2014 30 year fixed rates, January 18th 2014 30 year fixed rates, January 19th 2014 30 year fixed rates, January 20th 2014 30 year fixed rates.

Rates Continue Rapid Drop , 30 Year Fixed to 3.5%