WEEKLY RATE – Interest Rates Hit 2017 Lows
Interest rates have continued to slowly improve last week and this week.
The Mortgage Backed Security (MBS) market closed last week up + 11 bps and closed this week up + 31 bps. Investors are seeking the safety of the bond market with the geopolitical turmoil in Syria, Russia and North Korea. That being said, I see this as a temporary improvement and not a long term rate movement.
Now is a great time to lock in and take advantage.
For a no obligation mortgage quote, please answer questions on right or go to:
WWW.FREEMORTGAGEQUOTE.BIZ
Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 4.0% – 1 point (4.2% APR), 4.25% – 0 points (4.28% APR)
20 year fixed: 3.875% – .71 points (4.01% APR), 3.99% – 0 points (4.04% APR)
15 year fixed: 3.25% – 1 point (3.45% APR), 3.625% – 0 points (3.69% APR)
7/1 ARM: 3.5% – .94 points (3.7% APR), 3.75% – 0 points (3.79% APR)
30 year fixed FHA: 3.875% – .81 points (4.73% APR), 4.125% – 0 points (4.82% APR)
15 year fixed FHA: 3.625% – .96 points (4.11% APR), 3.875% – 0 points (3.90% APR)
30 year fixed VA: 3.75% – 1 point (3.95% APR), 4.125% – 0 points (4.15% APR)
30 year Fixed Jumbo: 4.0% – .77 points (4.15% APR), 4.25% – 0 points (4.28% APR)
7/1 ARM Jumbo: 3.25% – 1 point (3.45% APR), 3.625% – 0 points (3.69% 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 Hit 2017 Lows
