After six months of lower interest rates this year, the average rate for a 30-year conventional loan has been above 4% for the last six weeks, according to mortgage finance giant Freddie Mac, and is at its highest since October.
http://www.latimes.com/business/la-fi-mortgage-refi-purchase-20150722-story.html
The minimum bid rate refers to the minimum interest rate at which counterparties may place their bids. As of 9 October 2008 the ECB reduced the standing facilities corridor from 200 basis points to 100 basis points around the interest rate on the main refinancing operations.
https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html
Homeowners who didn't refinance their mortgages when interest rates were below 4% may be out of luck for quite a while. Banks had been processing big batches of refis earlier this year when the average rate fell below 3.6%. But they'll be writing fewer home loans now as rates above 4% choke off the refi business.
http://www.latimes.com/business/la-fi-mortgage-refi-purchase-20150722-story.html
When refinancing from an existing VA ARM loan to a fixed rate loan, the interest rate may increase. No lender is required to give you an IRRRL, however, any VA lender of your choosing may process your application for an IRRRL. Veterans are strongly urged to contact several lenders because terms may vary.
http://www.benefits.va.gov/homeloans/irrrl.asp
The Governing Council of the ECB sets the key interest rates for the euro area: 1  The interest rate on the main refinancing operations (MRO), which provide the bulk of liquidity to the banking system. 2  The rate on the deposit facility, which banks may use to make overnight deposits with the Eurosystem.
https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html
The average interest rate on a mortgage this month is 4.3 percent, according to LendingTree, and the average loan on a 30-year, fixed-rate mortgage is worth about $237,000.
https://www.nytimes.com/2016/12/14/business/economy/how-the-feds-interest-rate-increase-can-affect-you.html
The VA Interest Rate Reduction Refinance Loan (IRRRL) lowers your interest rate by refinancing your existing VA home loan. By obtaining a lower interest rate, your monthly mortgage payment should decrease. You can also refinance an adjustable rate mortgage (ARM) into a fixed rate mortgage.
http://www.benefits.va.gov/homeloans/irrrl.asp
Mortgage rate increases dampen refinancing. With mortgage rates ticking up as investors anticipate the Federal Reserve raising interest rates in December, the cost of borrowing is increasing, and that's leading some new-home buyers to speed up their purchases, while discouraging homeowners from refinancing existing mortgages.
https://www.usatoday.com/story/money/2016/11/30/mortgage-applications-housing-market/94657828/
Prior to 10 March 2004, changes to the interest rate for main refinancing operations were, as a rule, effective as of the first operation following the date indicated, unless stated otherwise. The change on 18 September 2001 was effective on that same day.
https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html
Average interest rates for 30-year fixed-rate mortgages hit levels not seen since July 2015, according to MBA. Rates for mortgages with balances of $417,000 or less were 4.23%, while rates for mortgages with balances of more than $417,000 were 4.18%.
https://www.usatoday.com/story/money/2016/11/30/mortgage-applications-housing-market/94657828/
when interest rate increase- refinance rate?
When refinancing from an existing VA ARM loan to a fixed rate loan, the interest rate may increase.