WEEKLY RATE – Interest Rates Continue to trend higher
Mortgage interest rates continued to trend higher last week and into this.
Last week was choppy with some small improvement after April’s US Non Farm Payroll report. The Mortgage Backed Security (MBS) market still ending the week trading down -13 bps. MBS is still trending down this week trading – 21 bps through Tuesday evening.
With a likely FED rate increase in June, I see no reason in floating at this time. The lower rate pricing we saw in parts of April were mainly due to Geopolitical concerns.
As always, have an amazing week and I’m always available if you need help with a new home loan purchase or refinance.
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: 4.125% – .73 points (4.2% APR), 4.25% – 0 points (4.3% APR), 4.5% – $0 costs (4.5% APR)
20 year fixed: 3.875% – .91 points (4.03% APR), 4.125% – 0 points (4.06% APR), 4.25% – $0 costs (4.25% APR)
15 year fixed: 3.375% – .98 points (3.55% APR), 3.75% – 0 points (3.69% APR), 3.99% – $0 costs (3.99% APR)
7/1 ARM: 3.625% – .92 points (3.7% APR), 4.0% – 0 points (3.93% APR)
30 year fixed FHA: 3.875% – 1 point (4.74% APR), 4.25% – 0 points (4.82% APR), 4.375% – $0 costs (outside of FHA Fee) (5.1% APR)
15 year fixed FHA: 3.625% – 1 point (4.09% APR), 3.875% – 0 points (4.27% APR)
30 year fixed VA: 3.875% – .93 points (4.00% APR), 4.25% – 0 points (4.2% APR), 4.375% – $0 costs (4.37% APR)
30 year Fixed Jumbo: 4.125% – .62 points (4.2% APR), 4.25% – 0 points (4.32% APR),
7/1 ARM Jumbo: 3.375% – .78 points (3.53% APR), 3.625% – 0 points (3.7% 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 CONTINUE TO TREND HIGHER
