WEEKLY RATE – Interest Rates Drop to 1 Month Lows, Then Come Back to Earth

WEEKLY RATE – Interest Rates Drop to 1 Month Lows, Then Come Back to Earth

Interest rates continued their hot streak last week and early this week.

Investors seemed to be moving to the safety of bonds with concern over whether President Trump would be able to implement his regulation slashing business policies after the failed health care repeal and replace. The stock market has been way up since Donald Trump’s election, but that rally has stalled and reversed in the past week.

The Mortgage Backed Security (MBS) market closed last week trading up + 41 bps and closed Monday of this week trading up + 26 bps, helping to push interest rates to their lowest levels in over a month. Then the stock market rebounded on Tuesday and the MBS market tanked, ending trading down – 38 bps.

Overall, rate pricing is still pretty good to where it has been much of March. Expect daily volatility to continue but long term rate pricing to remain relatively stable.

For a no obligation mortgage quote, please go to:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed: 4.125% – .99 points (4.32% APR), 4.375% – 0 points (4.38% APR)

20 year fixed: 3.99% – .67 points (4.3% APR), 4.125% – 0 points (4.15% APR)

15 year fixed: 3.375% – .99 points (3.57% APR), 3.75% – 0 points (3.77% APR)

30 year Fixed High Balance: 4.25% – .65 points (4.38% APR), 4.375% – 0 points (4.39% APR)

30 year Fixed Jumbo: 4.125% – .99 points (4.32% APR), 4.375% – 0 points (4.41% APR)

30 year fixed FHA: 3.875% – .99 points (4.77% APR), 4.25% – 0 points (4.95% APR)

15 year fixed FHA: 3.625% – 1 point (4.12% APR), 3.875% – 0 points (4.17% APR)

30 year fixed VA: 3.875% – 1 point (4.07% APR), 4.25% – 0 points (4.27% APR)

-Reginald Patrick Green Jr. -Branch Manager. NMLS #229993. AZ License: BK-0913980. -AZ NMLS LIC#: DOC229993, CO NMLS LIC# 1000323838, CA NMLS LIC# DOC229993. -Fairway Independent Mortgage Corporation. 2325 East Camelback Road, Suite 100, Phoenix, AZ, 85016. 480-206-5577, reggie.green@fairwaymc.com. Corporate Address: Fairway Independent Mortgage Corporation. 2425 New Pinery Rd Ste 102, Portage, WI 53901. #2293. Equal Housing Lender. -National Mortgage Licensing (NMLS) Link. http://nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/2289. -Customer Info or complaints: Complaints may be directed to 877-699-0353, customerservice@fairwaymc.com.-LegalDisclosure: https://www.fairwayindependentmc.com/~/media/files/pdf/legal-disclosures.pdf?la=en. -Privacy Policy: https://www.fairwayindependentmc.com/~/media/files/pdf/privacy-policy.pdf?la=en.-Terms of Use: https://www.fairwayindependentmc.com/~/media/files/pdf/terms-of-use.pdf?la=en. -Copywright 2017 Fairway Independent Mortgage Corporation.

WEEKLY RATE – Interest Rates Drop to 1 Month Lows, Then Come Back to Earth

Introducing Rock Star Processor – Jolyn Anderson

I’m so excited to announce an awesome addition to the Fairway family today. Jolyn Anderson – rock star senior processor.

Jolyn has over 20 years of mortgage processing experience and has been my personal processor for the last 5 years. Jolyn has a wealth of knowledge and experience and has been a top performing processor for years. One of her many accomplishments is closing over 60 loans in one month without an assistant.

Jolyn will be an awesome addition to our company. Jolyn brings along her stud husband Lorenzo Anderson and her beautiful daughter Kelsea to the Fairway extended family.

So happy to have you aboard Jo!!

WEEKLY RATE – Mortgage Rates Hit 3 Week Lows after FED raises Federal Funds Rate

WEEKLY RATE – Mortgage Rates Hit 3 Week Lows after FED raises Federal Funds Rate

Everyone in the market expected the FED to raise interest rates on March 15^th. So when that happened, the market had already cooked the movement in. What made interest rates improve at their fastest rate in 2017 was the FED Future rate increase outlook which did not increase.

This caused the Mortgage Backed Security (MBS) market to end March 15^th up a whopping + 73 bps. That improvement has continued and the MBS market is up + 121 bps since March 15^th, pushing rates to their lowest levels in over 3 weeks.

More political uncertainty in the news is also causing some investors to flee to the safety of bonds, helping mortgage interest rates.

For a no obligation mortgage quote, please go to:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed: 4.125% – .99 points (4.32% APR), 4.375% – 0 points (4.38% APR)

20 year fixed: 3.99% – .56 points (4.1% APR), 4.125% – 0 points (4.15% APR)

15 year fixed: 3.375% – .99 points (3.57% APR), 3.75% – 0 points (3.77% APR)

30 year Fixed High Balance: 4.125% – 1 point (4.32% APR), 4.375% – 0 points (4.39% APR)

30 year Fixed Jumbo: 4.125% – .92 points (4.31% APR), 4.375% – 0 points (4.41% APR)

30 year fixed FHA: 4.0% – .76 points (4.85% APR), 4.25% – 0 points (4.95% APR)

15 year fixed FHA: 3.625% – 1 point (4.12% APR), 4.0% – 0 points (4.3% APR)

30 year fixed VA: 3.875% – 1 point (4.07% APR), 4.25% – 0 points (4.27% APR)

WEEKLY RATE – Mortgage Rates Hit 3 Week Lows after FED raises Federal Funds Rate

They Give Them The Heisman

HAPPY WEDNESDAY – TEAM GREEN

Thanks to Karen Barnes for participating in my ad. Rates improve today with FED only raising Federal Funds rate .25%. Get a no obligation mortgage quote at: www.freemortgagequote.biz

#teamgreen, #reggiegreen, #karenbarnes, #fairwaymortgage.

Heisman

When Lenders Try to Solicit My Referral Partners, They Give Them the Heisman.

Perfect First Loan With Fairway

I just funded my first loan with Fairway and it couldn’t have been more fitting. One of the most gratifying mortgages I’ve closed in a long time, maybe ever.

My prior client was building a home because his mother in law has cancer and they wanted a home with a mother in law suite so they could help take care of her. He went with the builder’s lender due to all the incentives they offered being the builder’s lender. For months the lender said he was qualified and then just before closing they said they couldn’t make the loan work.

Problem – he just sold his home and now had nowhere to live. On February 27th, he called me in a panic to see if there was anything I could do. I restructured the loan taking him and his wife off, putting the loan fully in the mother in law’s name and created an IRA draw for her so the income would work.

Today’s March 10th and we just funded the loan in less than 2 weeks. Keep in mind this is my first loan here – I didn’t get rush favors because I was a top producer for many years.

Awesome feeling and awesome to work for a company that is as committed to customer service and our clients as I am.

Perfect first loan.

WEEKLY RATE – Expectation is for the FED to Raise Rates on March 15th

WEEKLY RATE – Expectation is for the FED to Raise Rates on March 15th

Interest went up last week among more predictions the FED will raise the Federal Funds rate on March 15^th.

Fed Chair Janet Yellen stated this week that current conditions support 3 rate hikes this year. She also stated that she sees a March rate hike as likely given the current economic condition. I’m definitely recommending locking before the 15^th.

The Mortgage Backed Security (MBS) market closed last week down – 90 bps last week and is trading down -12 bps this week. Putting rates near recent highs.

I made a mistake in my last weekly update. The US Non Farm Payroll report is actually this Friday. This report is always important to interest rates.

For a no obligation mortgage quote, please go to:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed: 4.25% – .79 points (4.41% APR), 4.375% – 0 points (4.4% APR)

20 year fixed: 3.99% – .92 points (4.18% APR), 4.125% – 0 points (4.19% APR)

15 year fixed: 3.5% – .88 points (3.68% APR), 3.75% – 0 points (3.79% APR)

30 year Fixed High Balance: 4.25% – .89 pts (4.4% APR), 4.5% – 0 points (4.53% APR)

30 year Fixed Jumbo: 4.25% – 1 point (4.45% APR), 4.5% – 0 points (4.53% APR)

30 year fixed FHA: 4.0% – .98 points (4.95% APR), 4.25% – 0 points (4.95% APR)

15 year fixed FHA: 3.75% – .51 points (4.15% APR), 4.0% – 0 points (4.3% APR)

30 year fixed VA: 4.0% – .77 points (4.15% APR), 4.25% – 0 points (4.29% APR)

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. Fairway Independent Mortgage Corporation. Team Green. Reggie Green. March 7th 2017 30 year fixed rates, March 8^th 2017 30 year fixed rates, March 9^th 2017 30 year fixed rates, March 10th 2017 30 year fixed rates, March 11th 2017 30 year fixed rates, March 12th 2017 30 year fixed rates, March 13th 2017 30 year fixed rates.

Introducing FAIRWAY NOW – An Interactive Home Buying App For You and Your Clients

Fairway Now is our new smart phone application allowing our referral partners and their clients to easily navigate the mortgage process.

A borrower can apply for a mortgage, calculate loan payment scenarios, upload documents, and get real time updates on the progress of their loan, all from the comfort of their smart phone.

Here is how it works:

COBRANDED APPLICATION

I cobrand the application with all of your information – head shot, logo, websites.

I then share it with you to download on your smart phone or tablet.

If you have a client you want to share the app with – just log in to the Fairway Now and you can select share ap with a text or email to your client.

Once the customer downloads Fairway Now, they now have a cobranded interactive tool to make the process of applying and completing a mortgage much easier.

TOOLS AND UPDATES FOR YOU AND YOUR CLIENTS

Fairway Now allows the customer to:

Apply for a home loan directly from their phone.

Calculate payments based on loan amount, rate, taxes, insurance, and PMI.

Take pictures of qualifying documents that upload directly to our system. (This is great for clients without easy access to a scan or fax)
We can also update prequalification loan amounts and terms directly from the app.

Once a contract is accepted and a loan is moving forward:

Both the realtor and client get real times updates whenever the status changes on the loan. Disclosures Out, Submission, Approval, Clear to Close, Funded.

The client can also use Fairway Now to upload underwriting approval conditions.

HOW TO GET STARTED

Please email me how you want to customize your Fairway Now Ap.

I can customize the application with:

One head shot

One company or team logo

Up to 2 websites (home search, testimonials, personal page, etc)

Once I have this information I will create your application and share it with you by text.

Once Fairway Now is on your phone, you can easily share the app with prospective clients and get real times updates on the progress of your clients’ loans that use the application.

Fairway Now is a great tool that helps make the mortgage process easier for you and your client.

Reggie Green / Branch Manager and Senior Mortgage Banker at Fairway Independent Mortgage

480-206-5577 , reggie.green@fairwaymc.com