June 2016

Interest rates continued to improve with momentum from the lower than expected job report and the FED statement on Wednesday.

The FED’s Federal Open Market Committee (FOMC) will not raise rates and downgraded growth forecasts.  Now it looks as though we may not see another FED rate increase in 2016. 

Rates are now well over 3 year lows. 

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

TODAY’S INTEREST RATES:

30 year fixed:       3.5% – .22 points (3.55% APR),       3.625% – 0 points (3.64% APR)

20 year fixed:       3.25% – .51 points (3.35% APR),        3.375% – 0 points (3.4% APR)

15 year fixed:        2.625% – 1 point (2.82% APR),        2.875% – 0 points (2.91% APR)

10 year fixed:        2.5% – 1 point (2.7% APR),        2.75% – 0 points (2.81% APR)

5/1 ARM:        2.75% – .8 points (2.91% APR),         3.125% – 0 points (3.15% APR)

7/1 ARM:       2.875% – .85 points (3.04% APR),        3.125% – 0 points (3.19% APR)

30 year fixed FHA:        3.25% – 0 points (3.95% APR)

15 year fixed FHA:        2.75% – .27 points (3.1% APR),      2.875% – 0 points (3.17% APR)

30 year fixed VA:        3.25% – 0 points (3.3% 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.  June 16^th 2016 30 year fixed rates, June 17th 2016 30 year fixed rates, June 18^th 2016 30 year fixed rates, June 19th 2016 30 year fixed rates, June 20th 2016 30 year fixed rates, June 21st 2016 30 year fixed rates, June 22nd 2016 30 year fixed rates.

WEEKLY RATE – Rates Improve after FED statement, Lowest Rates In Over 3 Years