WEEKLY RATE – Interest Rates See Improvement / Conventional Loan Limits Rise

WEEKLY RATE – Interest Rates See Improvement / Conventional Loan Limits Rise

After a rough few weeks, we are finally seeing some interest rate improvement partially due to worries over oil prices.

The Mortgage Backed Security (MBS) market is trading up + 61 bps this week.

Not a huge improvement and I don’t expect much more, but anything is welcome after rates went up .5% in rapid fashion. 

We have a big week this week with the Unemployment report and US Non Farm Jobs report coming out on Friday.  December is also the month the FED will meet and decide on a possible rate change. 

Rates will likely continue to be very volatile with the new data coming out.

Conventional loan limits are being raised on December 2nd from $417,000 to $424,100.  This is the first change since 2006.  Some higher priced areas will continue to after high balance conventional loans above that.

For a free email mortgage quote, please answer questions on the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:       3.99% – .9 points (4.18% APR),       4.25% – 0 points (4.28% APR)

20 year fixed:       3.875% – .89 points (4.05% APR),     4.0% – 0 points (4.07% APR)

15 year fixed:        3.25% –  .98 points (3.44% APR),        3.5% – 0 points (3.53% APR)

10 year fixed:        3.25% – .35 points (3.31% APR),      3.375% – 0 points (3.4% APR)

5/1 ARM:        3.375% – 1 point (3.57% APR),      3.875% – 0 points (3.9% APR)

7/1 ARM:       3.625% – .79 points (3.79% APR),     4.0% – 0 points (4.05% APR)

30 year fixed FHA:        3.625% – .87 points (4.49% APR),     3.75% – 0 points (4.45% APR)

15 year fixed FHA:        3.375% – .71 points (3.82% APR),      3.625% – 0 points (3.92% APR)

30 year fixed VA:        3.75% – .41 points (3.85% APR),     3.875% – 0 points (3.9% APR)

todays-interest-rates-november-29th-2016

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.  November 29th 2016 30 year fixed rates, November 30th 2016 30 year fixed rates, December 1st 2016 30 year fixed rates, December 2nd 30 year fixed rates, December 3rd 2016 30 year fixed rates, December 4th 2016 30 year fixed rates, December 5th 2016 30 year fixed rates.

WEEKLY RATE – Interest Rates See Improvement / Conventional Loan Limits Rise

WEEKLY RATE – Interest Rates Rise After Trump Win

WEEKLY RATE – Interest Rates Rise After Trump Win

Donald Trump winning the election on November 8th sent shock waves across the financial markets pushing interest rates about .375%-.5% higher than before the election.

donald-trump-funny-pictures-20

Many sectors of the stock market are up and the Mortgage Backed Security (MBS) market has tanked since the election.  From Wednesday to Monday, the MBS market dropped an astonishing -230 bps.  That’s close to the largest short term fall I’ve ever seen in 3 business days.

The bond market dropping is pushing interest rates to the highest levels we’ve seen in some time.  I was expecting some correction in the market (which we did see some small improvement this Tuesday) but nothing major has happened and it may not, as much of this trading appears irrational thus hard to predict. 

I’ve never seen an election affect interest rates anywhere near this one as usually there isn’t much interest rate and bond market movement.  The market clearly didn’t expect Trump to win and his election victory is causing major movement that is typically already baked into the market once the election happens.

With this unpredictable market and the threat of the FED raising rates in December, it’s much safer to lock versus floating. 

On the bright side, well qualified borrowers can still get a rate in the 3%’s.  Things could be worse.

For a free email mortgage quote, please answer questions on the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:       3.875% – .84 points (4.04% APR),       4.125% – 0 points (4.16% APR)

20 year fixed:       3.625% – .89 points (3.81% APR),     3.875% – 0 points (3.9% APR)

15 year fixed:        3.125% –  1 point (3.32% APR),        3.375% – 0 points (3.4% APR)

10 year fixed:        3.0% – 1 point (3.2% APR),      3.25% – 0 points (3.3% APR)

5/1 ARM:        3.5% – 1 point (3.7% APR)

7/1 ARM:       3.625% – 1 point (3.83% APR)

30 year fixed FHA:        3.5% – .82 points (4.36% APR),     3.75% – 0 points (4.45% APR)

15 year fixed FHA:        3.125% – .99 points (3.62% APR),      3.375% – 0 points (3.68% APR)

30 year fixed VA:        3.5% – 1 point (3.7% APR),     3.75% – 0 points (3.8% APR)

todays-interest-rates-november-16th-2016

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.  November 16th 2016 30 year fixed rates, November 17th 2016 30 year fixed rates, November 18th 2016 30 year fixed rates, November 19th 30 year fixed rates, November 20th 2016 30 year fixed rates, November 21st 2016 30 year fixed rates, November 22nd 2016 30 year fixed rates.

WEEKLY RATE – Interest Rates Rise After Trump Win

Zillow Review – Wilson

Thanks Mrs. Wilson for your awesome review. We appreciate your business!!

zillow-review-wilson

ELECTION DAY COMING – VOTE REGGIE GREEN

ELECTION DAY COMING – VOTE REGGIE GREEN. Special thanks to all my friends that constantly share sites like Conservative Daily and Occupy Democrats. Really helped me decide who I was voting for🙂 #teamgreen, #reggiegreen, #overtlynegativepoliticalpostsoffendmeasabusinessman, #nastylender, #thismortgageisrigged, #mysignishuge, #lockthislenderup, #makelendingfunagain.

election

OCTOBER 2016 FUNDING FIGURES – TEAM GREEN

OCTOBER FUNDING FIGURES – TEAM GREEN.

I’m really proud of our team this month closing over 4 million higher than my previous best month. We appreciate all of the people and companies that helped us get there. The yearly goal was 60 million. Then changed to 70, then changed to 75. We are at $62,475,780 for 2016. Just need to $12,524,211 in November and December to hit the yearly goal. Hustling hard to make it happen. #teamgreen, #75million, #yearlygoals, #reggiegreen, #goalsarenexttothedinosaur.

 

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yearly-goals

WEEKLY RATE – Rates at 5 Month Highs, But Still Great

WEEKLY RATE – Rates At 5 Month Highs, But Still Great

Interest rates are still great and historically low, but they are a bit higher than they have been over the past 5 months, post Brexit.  30 Year Fixed rates are still at 3.5% (3.66% APR) for a portion of a point.  The lowest they were this year were 3.25% with a portion of a point.

So definitely higher but still very low.

The Mortgage Backed Security Market (MBS) traded down – 43 bps last week, inching rate pricing higher.  This week they have improved slightly with the MBS trading up + 10 bps through Tuesday.

A few big reports are coming up this week.

The FED is making a statement tomorrow which will likely hint on if they will raise rates at their December meeting.  The ADP Private payroll will also be released tomorrow.  The week will be capped by the October US Non Farm Payroll Report on Friday.

I see little benefit in floating.  Rates won’t go much lower with the very likelihood that the FED will raise rates soon. 

For a free email mortgage quote, please answer questions on the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:       3.5% – .85 points (3.66% APR),       3.75% – 0 points (3.79% APR)

20 year fixed:       3.25% – .96 points (3.44% APR),     3.5% – 0 points (3.53% APR)

15 year fixed:        2.875% –  .57 points (2.98% APR),        3.125% – 0 points (3.15% APR)

10 year fixed:        2.75% – .62 points (2.87% APR),      3.0% – 0 points (3.03% APR)

5/1 ARM:        3.25% – .97 points (3.45% APR),     3.75% – 0 points (3.79% APR)

7/1 ARM:       3.375% – .89 points (3.55% APR),     3.75% – 0 points (3.8% APR)

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

15 year fixed FHA:        2.75% – .87 points (3.22% APR),      3.0% – 0 points (3.3% APR)

30 year fixed VA:        3.25% – .25 points (3.3% APR),     3.375% – 0 points (3.4% APR)

todays-interest-rates-november-1st-2016

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.  November 2nd 2016 30 year fixed rates, November 3rd 2016 30 year fixed rates, November 4th 2016 30 year fixed rates, November 5th 30 year fixed rates, November 6th 2016 30 year fixed rates, November 7th 2016 30 year fixed rates, November 8th 2016 30 year fixed rates.

WEEKLY RATE – Rates at 5 Month Highs, But Still Great

WEEKLY RATE – RATES REMAIN ON HIGH END OF NARROW RANGE

WEEKLY RATE – Rates Remain on High End of Narrow Range

Interest rates are starting to stick at the high end of the range they have been in for 4 months.

Rates right now are at their highest levels since June, but the rates are only about .125% higher than they have been.

Expect rates to continue to stay in the same narrow range until December when the FED has their next policy meeting to decide on Federal Funds Rate and also the European Central Bank is scheduled to decide on the future of their bond buying program.

I don’t expect the Presidential election to affect rates that much.

Most traders are in a wait and see mode until December.  I don’t see rates fluctuating to much until then.  That being said, I do think rates will go up in December.

For a free email mortgage quote, please answer questions on the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:       3.5% – .53 points (3.61% APR),       3.625% – 0 points (3.65% APR)

20 year fixed:       3.25% – .64 points (3.36% APR),     3.375% – 0 points (3.4% APR)

15 year fixed:        2.75% –  1 point (2.95% APR),        2.99% – 0 points (3.03% APR)

10 year fixed:        2.75% – .52 points (2.85% APR),      3.0% – 0 points (3.03% APR)

5/1 ARM:        3.125% – .99 points (3.32% APR)

7/1 ARM:       3.25% – .99 points (3.45% APR)

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

15 year fixed FHA:        2.75% – .76 points (3.2% APR),      3.0% – 0 points (3.3% APR)

30 year fixed VA:        3.25% – 0 points (3.3% APR)

todays-interest-rates-october-25th-2016

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.  October 25th 2016 30 year fixed rates, October 26th 2016 30 year fixed rates, October 27th 2016 30 year fixed rates, October 28th 30 year fixed rates, October 29th 2016 30 year fixed rates, October 30th 2016 30 year fixed rates, October 31st 2016 30 year fixed rates.

Weekly Rate – Rates Remain at High End of Narrow Range.

Who Would You Rather Do Business With?

Jerry Purple Vs. Reggie Green

jerry-purple2

 

The Real Reason Angelina Jolie and Brad Pitt Broke Up

The Real Reason Angelina Jolie and Brad Pitt Broke Up

brad-pitt-ad

 

WEEKLY RATE – Rates Rising / Recommend Locking

WEEKLY RATE – Rates Rising / Recommend Locking

Interest rates have steadily been rising with expectations that Europe will taper their bond purchasing program which the United States FED did some time ago.

The Mortgage Backed Security Market (MBS) closed last week trading down – 43 bps, pushing interest rate pricing to the highest levels post Brexit or since the end of June.

With this being said, rates are still great but they are slightly higher than they have been and there is pressure for them to move higher with more expectations that the FED will increase the Federal Fund rate in December with another positive job growth month in September.

With the pressure on mortgage backed securities, the safe bet is to lock. 

For a free email mortgage quote, please answer questions on the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:       3.375% – 1 point (3.57% APR),       3.625% – 0 points (3.65% APR)

20 year fixed:       3.125% – 1 point (3.32% APR),     3.375% – 0 points (3.4% APR)

15 year fixed:        2.75% –  .95 points (2.94% APR),        2.99% – 0 points (3.03% APR)

10 year fixed:        2.75% – .56 points (2.85% APR),      3.0% – 0 points (3.03% APR)

5/1 ARM:        3.25% – .90 points (3.41% APR)

7/1 ARM:       3.375% – .96 points (3.56% APR)

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

15 year fixed FHA:        2.75% – .83 points (3.21% APR),      3.0% – 0 points (3.3% APR)

30 year fixed VA:        3.25% – 0 points (3.3% APR)

todays-interest-rates-october-11th-2016-pub

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.  October 11th 2016 30 year fixed rates, October 12th 2016 30 year fixed rates, October 13th 2016 30 year fixed rates, October 14th 30 year fixed rates, October 15th 2016 30 year fixed rates, October 16th 2016 30 year fixed rates, October 17th 2016 30 year fixed rates.

WEEKLY RATE – Rates Rising / Recommend Locking

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