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Rate APR Points
Conf 5/1 ARM
2.875% 3.085% 0.000
Conv. 15 Yr Fixed ($240,000 loan, $400,000 value)
3.000% 3.140% 0.000
FHA 30 Yr Fixed ($289,500 loan, $300,000 value)
3.750% 4.789% 0.000
Conv. 30 Yr Fixed ($240,000 loan, $400,000 value)
3.875% 3.972% 0.000
Jumbo/High Balance 30 Yr Fixed ($600,300 limit, Salt Lake & Summit Counties)
4.000% 4.102% 0.000
Jul 02 2015, 10:30AM MT
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Today's Interest Rate News

July 2, 2015; 10:18am

Good morning!

Interest rate trends: Today – Lower; 10 days – Flat; 25 days – Higher

Interest rate recommendation:  Cautious float

Mortgage bonds (MBS’s) are doing well this morning on a worse than expected Jobs Report for June.  Initial Jobless Claims also came in worse than expected.  These misses were not big misses, but the MBS worsening yesterday was due to a better than expected ADP report, that showed a more positive jobs growth picture.  We are now getting back what was lost yesterday.  We will cautiously float at the moment and see what happens.  Have a great day and awesome holiday weekend.  In observance of Independence day, we will be closed tomorrow July 3rd.