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Prospect Financial Group, Inc.

What Will Mortgage Rates Do This Week?

Wednesday, April 23, 2014 - Article by: Prospect Financial Group, Inc. - Message

If you have yet to lock in an interest rate for your home refinance, there will be lots of news this week on which for mortgage rates to move. The biggest moves may come late in the week, however.

With a full U.S. economic calendar this week, including the release of the FHFA Home Price Index and Consumer Sentiment, rate shoppers may be better served locking a mortgage rate sooner than later.

With interest rates dependent on the economic data that will be released later this week, take a look at the current interest rates listed below:

Primary $0 - $417,000 Loan Amounts30 Year Fixed @ 4.125% (4.125% APR) with 0 points 25 Year Fixed @ 4.125% (4.125% APR) with 0 points 20 Year Fixed @ 3.875% (3.875% APR) with 0 points 15 Year Fixed @ 3.125% (3.125% APR) with 0 points 10 Year Fixed @ 2.875% (2.875% APR) with 0 points5/1 ARM @ 2.625% (2.625% APR) with 0 points 7/1 ARM @ 3.125% (3.125% APR) with 0 points 10/1 ARM @ 3.49% (3.49% APR) with 0 points

Primary $417,001 - $625,500 Loan Amounts 30 Year Fixed @ 4.25% (4.25% APR) with 0 points 25 Year Fixed @ 4.25% (4.25% APR) with 0 points 20 Year Fixed @ 3.875% (3.875% APR) with 0 points 15 Year Fixed @ 3.375% (3.375% APR) with 0 points 10 Year Fixed @ 3.125% (3.125% APR) with 0 points 5/1 ARM @ 3% (3% APR) with 0 points 7/1 ARM @ 3.375% (3.375% APR) with 0 points 10/1 ARM @ 3.75% (3.75% APR) with 0 points

Primary $625,501 - $2,000,000 Loan Amounts30 Year Fixed @ 4.25% (4.25% APR) with 0 points 15 Year Fixed @ 3.625% (3.625% APR) with 0 points 5/1 ARM @ 3.25% (3.25% APR) with 0 points7/1 ARM @ 3.375% (3.375% APR) with 0 points10/1 ARM @ 3.75% (3.75% APR) with 0 points

If the above rates appeal to you, call a lender to discuss locking today! For California refinances and home purchases, call Prospect Financial Group, Inc. at 858-605-0952.

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