Rates Trend Lower Before FED Announcement on Wednesday

Rates Trend Lower before FED Announcement on Wednesday

March 16th, 2015

Interest rates had a great week last week with the Mortgage Backed Security (MBS) market closing the week trading up + 79 bps. The market also closed up on Monday March 16th +19 bps. This was welcome news for interest rates after their rapid rise following the February employment report.

30 year fixed rates are now available at 3.75% paying .71 points (3.89% APR), and 3.99% paying 0 points (4.01% APR). 15 year fixed rates are now available at 2.99% paying .77 points (3.14% APR), and 3.25% paying 0 points (3.27% APR). **Priced with 740+ credit score, rate and term refinance at 75% LTV**

The big news this week is the FOMC meetings and statement on Wednesday. Investors are expecting more clarity on the FED’s long term plan with the Federal Funds rate. Although not directly tied to mortgage interest rates – the FED’s long term outlook on whether to raise the Federal Funds rate will have an impact on Mortgage Backed Securities and mortgage interest rate pricing. If you don’t like volatility – I would lock before Wednesday.

For a free email mortgage quote, please answer questions 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 3.99% paying 0 points

20 Year Fixed at 3.75% paying 0 points

TODAY’S INTEREST RATES:

30 year fixed:       3.75% – .71 points (3.89% APR),        3.99% – 0 points (4.01% APR)

20 year fixed:        3.5% – 1 point (3.7% APR),        3.75% – 0 points (3.79% APR)

15 year fixed:        2.99% – .47 points (3.14% APR),         3.25% – 0 points (3.27% APR)

10 year fixed:        2.875% – .72 points (3.019% APR),         3.125% – 0 points (3.14% APR)

5/1 ARM:        2.875% – 1 point (3.075% APR),          3.25% – 0 points (3.29% APR)

7/1 ARM:        3.125% – .89 points (3.3% APR),         3.375% – 0 points (3.4% APR)

30 year fixed FHA:        3.25% – 1 point (4.15% APR),           3.5% – 0 points (4.2% APR)

15 year fixed FHA:        2.75% – .70 points (3.20% APR),          3% – 0 points (3.3% APR)

30 year fixed VA:        3.375% – .68 points (3.51% APR),        3.625% – 0 points (3.67% 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. March 16th 2015 30 year fixed rates, March 17th 2015 30 year fixed rates, March 18th 2015 30 year fixed rates, March 19th 2015 30 year fixed rates, March 20th 2015 30 year fixed rates, March 21st 2015 30 year fixed rates, March 22nd 2015 30 year fixed rates.

Rates Trend Lower before FED Announcement on Wednesday