WEEKLY RATE – Interest Rates Hit 2017 Lows

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

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