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 15th.

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 15th.

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.

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


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 8th 2017 30 year fixed rates, March 9th  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.

-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.