WEEKLY RATE – Interest Rates Remain at 2017 Lows
Interest Rates remain at 2017 lowest levels.
We are now seeing rates below 4% paying less than a point!!
The market’s improvement is largely due to worry over Korea and Syria. Military / Political unrest typically involves investors moving funds to the safety of the bond market which helps interest rates.
The Mortgage Backed Security (MBS) market closed last week up + 65 bps. Now is still a great time to take advantage of the lowest mortgage rate interest levels in over 3.5 months.
For a no obligation mortgage quote, please answer questions on right or go to:
Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 3.99% – .83 points (4.16% APR), 4.25% – 0 points (4.28% APR), 4.375% – $0 costs (4.375% APR)
20 year fixed: 3.75% – .86 points (3.91% APR), 3.99% – 0 points (4.04% APR), 4.125% – $0 costs (4.125% APR)
15 year fixed: 3.25% – .91 points (3.44% APR), 3.5% – 0 points (3.55% APR), 3.875% – $0 costs (3.875% APR)
7/1 ARM: 3.5% – .84 points (3.66% APR), 3.75% – 0 points (3.77% APR), 4.125% – $0 costs (4.125% APR)
30 year fixed FHA: 3.75% – .99 points (4.65% APR), 4.0% – 0 points (4.7% APR), 4.25% – $0 costs (outside of FHA Fee) (4.95% APR)
15 year fixed FHA: 3.5% – .92 points (3.98% APR), 3.875% – 0 points (4.17% APR), 4.25% – $0 costs (outside of FHA Fee) (4.55% APR)
30 year fixed VA: 3.75% – .81 points (3.91% APR), 4.0% – 0 points (4.05% APR), 4.25% – $0 costs (4.25% APR)
30 year Fixed Jumbo: 4.0% – .56 points (4.11% APR), 4.125% – 0 points (4.17% APR)
7/1 ARM Jumbo: 3.25% – .83 points (3.42% APR), 3.5% – 0 points (3.55% 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 REMAIN AT 2017 LOWS
