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Prospect Financial Group, Inc.

Lock in a Rate Before Friday's Jobs Report

Wednesday, April 2, 2014 - Article by: Prospect Financial Group, Inc. - Message

It has been hard to shop for mortgage rates as of lately, as rates have been unpredictable in response to the Federal Reserve, global economy and geopolitical tensions. Because of this, we have taken the initiative to prepare a personalized breakdown for you based on today's current interest rates.

$0 - $417,000 Loan Amounts30 Year Fixed @ 4.25% (4.25% APR) with 0 points 25 Year Fixed @ 4.25% (4.25% APR) with 0 points 20 Year Fixed @ 4.125% (4.125% APR) with 0 points 15 Year Fixed @ 3.25% (3.25% APR) with 0 points 10 Year Fixed @ 3.125% (3.125% APR) with 0 points 5/1 ARM @ 2.875% (2.875% APR) with 0 points 7/1 ARM @ 3.125% (3.125% APR) with 0 points 10/1 ARM @ 3.625% (3.625% APR) with 0 points

$417,001 - $625,500 Loan Amounts30 Year Fixed @ 4.375% (4.375% APR) with 0 points25 Year Fixed @ 4.375% (4.375% APR) with 0 points 20 Year Fixed @ 4.125% (4.125% APR) with 0 points 15 Year Fixed @ 3.50% (3.50% APR) with 0 points 10 Year Fixed @ 3.375% (3.375% APR) with 0 points 5/1 ARM @ 3.25% (3.25% APR) with 0 points 7/1 ARM @ 3.5% (3.5% APR) with 0 points 10/1 ARM @ 3.75% (3.75% APR) with 0 points $625,501 - $2,000,000 Loan Amounts30 Year Fixed @ 4.50% (4.50% APR) with 0 points 15 Year Fixed @ 3.75% (3.75% APR) with 0 points 5/1 ARM @ 3.25% (3.25% APR) with 0 points 7/1 ARM @ 3.5% (3.5% APR) with 0 points 10/1 ARM @ 3.875% (3.875% APR) with 0 points

This week, we anticipate the release of the March jobs report, which will take place on Friday April 4th at 8:30 AM ET. Wall Street predicts that the government will have created 205,000 new jobs in March and the national unemployment rate will fall to 6.6%.

Mortgage rates are expected to react sharply once the report is released. If you have yet to lock in a rate, doing so before Friday is highly advisable.

Give Prospect Financial Group, Inc. a call today to discuss locking in one of the low interest rates displayed above. Our mortgage experts can be reached at 858-605-0952.

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