WEEKLY RATE – Interest Rates Float Around 8 Month Lows

WEEKLY RATE – Interest Rates Float Around 8 Month Lows

Rates and the bond market have stayed in a relatively narrow range for the past month. Interest rates continue to float right around 8 month lows – the lowest levels since before the election.
That being said, prospects for rates moving higher on the horizon is still likely with the FED likely to raise the Federal Funds rate again this year.

The Mortgage Backed Security (MBS) market traded up + 6 bps last week and is trading down – 20 bps so far this week. Currently, a well qualified buyer can get a 30 year fixed rate in the 3%’s with less than a point – a great historical rate.

Fairway Independent Mortgage was again the top funding lender in Maricopa County, Arizona. This is a great accomplishment and I’m proud to work for such a great company. We have a great culture and our products and loan service are fantastic.

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:

To apply for a refinance or home purchase loan, please call me or go to:

I am a top 1% mortgage originator in the country with 13 years of experience.

My team treats every transaction as an audition to earn your business for the rest of your life.
Our customers always come first and we will do everything in our power to make sure you have a great product and a great mortgage experience.

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

TODAY’S INTEREST RATES:

30 year fixed: 3.99% – .67 points (4.122% APR), 4.125% – 0 points (4.18% APR), 4.375% – $0 costs (4.375% APR)
20 year fixed: 3.75% – .79 points (3.91% APR), 3.99% – 0 points (4.04% APR), 4.25% – $0 costs (4.25% APR)
15 year fixed: 3.25% – .9 points (3.45% APR), 3.5% – 0 points (3.56% APR), 3.875% – $0 costs (3.875% APR)
5/1 ARM: 3.375% – .97 points (3.56% APR), 3.875% – 0 points (3.91% APR)
30 year fixed FHA: 3.75% – 1 point (4.625% APR), 4.0% – 0 points (4.7% APR), 4.375% – $0 costs (outside of FHA Fee) (5.07% APR)
15 year fixed FHA: 3.5% – .98 points (4.0% APR), 3.875% – 0 points (4.17% APR), 4.125% – $0 costs (outside of FHA Fee) (4.42% APR)
30 year fixed VA: 3.75% – .95 points (3.95% APR), 4.0% – 0 points (4.07% APR), 4.25% – $0 costs (4.25% APR)
30 year Fixed Jumbo: 3.875% – .99 points (4.07% APR), 4.125% – 0 points (4.17% APR),
7/1 ARM Jumbo: 3.0% – .94 points (3.19% APR), 3.375% – 0 points (3.41% APR)

WEEKLY RATE – Interest Rates Float Around 8 Month Lows

WEEKLY RATE – Interest Rates Rise in Anticipation of FED Raising Rates on Wednesday

WEEKLY RATE – Interest Rates Rise in Anticipation of FED raising rates on Wednesday

After hitting 7 month lows the previous week, mortgage interest rate pricing has slowing increased in anticipation of the Federal Reserve Board raising the Federal Funds rate .25% on Wednesday, June 14^th.

The economy has slowly been improving with incremental job growth and another drop in the unemployment rate. Inflation has also stabilized.

The Mortgage Backed Security Market (MBS) closed last week trading down – 20 bps and has started this week trading down -17 bps. Pushing interest rates off their lows but still very good with the ability for a well qualified borrower to get a 30 year fixed rate in the 3%’s with less than a point.

Here at Fairway, we have a lot of unconventional products that may fit your needs if you don’t qualify in the agency box.

Some of the popular unconventional products we offer are:

-Early Access programs that allow you to lend with lower seasoning periods after a Bankruptcy, Foreclose, or Short Sale than Conventional, FHA, and VA.

-High Debt to income ratio non conventional products

-Non Warrantable condo loans

-Down payment assistance products – buy a new home without a down payment

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 the right or click below:

WWW.FREEMORTGAGEQUOTE.BIZ

To apply for a refinance or home purchase loan, please call me or click below:

https://0414113733.mortgage-application.net/WebApp/Start.aspx

I am a top 1% mortgage originator in the country with 13 years of experience.

My team treats every transaction as an audition to earn your business for the rest of your life.

Our customers always come first and we will do everything in our power to make sure you have a great product and a great mortgage experience.

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

TODAY’S INTEREST RATES:

30 year fixed: 3.99% – .66 points (4.122% APR), 4.125% – 0 points (4.18% APR), 4.375% – $0 costs (4.375% APR)

20 year fixed: 3.75% – .79 points (3.91% APR), 3.99% – 0 points (4.04% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed: 3.25% – .9 points (3.45% APR), 3.5% – 0 points (3.56% APR), 3.875% – $0 costs (3.875% APR)

5/1 ARM: 3.375% – .97 points (3.56% APR), 3.875% – 0 points (3.91% APR)

30 year fixed FHA: 3.75% – 1 point (4.625% APR), 4.0% – 0 points (4.7% APR), 4.375% – $0 costs (outside of FHA Fee) (5.07% APR)

15 year fixed FHA: 3.5% – .98 points (4.0% APR), 3.875% – 0 points (4.17% APR), 4.125% – $0 costs (outside of FHA Fee) (4.42% APR)

30 year fixed VA: 3.75% – .95 points (3.95% APR), 4.0% – 0 points (4.07% APR), 4.25% – $0 costs (4.25% APR)

30 year Fixed Jumbo: 3.875% – .99 points (4.07% APR), 4.125% – 0 points (4.17% APR),

7/1 ARM Jumbo: 3.0% – .94 points (3.19% APR), 3.375% – 0 points (3.41% APR)

WEEKLY RATE – Interest Rates Rise in Anticipation of FED Raising Rates on Wednesday

WEEKLY RATE – Interest Rates Hit 7 Month Lows

WEEKLY RATE – Interest Rates Hit 7 Month Lows

I hope everyone had a happy and safe Memorial Day weekend!! Prayers go out to our military and the individuals that paid the ultimate sacrifice. We appreciate your service!!

Interest rates continued their slow improvement last week culminating in mortgage interest rate pricing hitting their lowest levels in 7 months on Friday.

The Mortgage Backed Security Market (MBS) closed last week trading up + 38 bps and is currently trading up + 4 bps this week. Currently you can get a 30 year fixed at 3.875% with less than a point – that’s a lot better than we were seeing just a short time ago. Now is a great time to lock in and take advantage of the market.

In up and coming news – former FBI director Comey is testifying to Congress on Thursday. This could be an event that moves the market.

Next week is the FED Interest Rate Decision on Wednesday. This one is up in the air a bit. There is not a market consensus on if the FED will raise rates or not.

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 the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

To apply for a refinance or home purchase loan, please call me or go to:

https://0414113733.mortgage-application.net/WebApp/Start.aspx

I am a top 1% mortgage originator in the country with 13 years of experience.

My team treats every transaction as an audition to earn your business for the rest of your life.

Our customers always come first and we will do everything in our power to make sure you have a great product and a great mortgage experience.

Check out our outstanding reviews from our past clients:

http://mortgagenewsandrates.com/testimonials/

https://www.zillow.com/profile/reggiegreenjr/

https://www.facebook.com/MortgageNewsandRates/

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

TODAY’S INTEREST RATES:

30 year fixed: 3.875% – .99 points (4.07% APR), 4.125% – 0 points (4.16% APR), 4.375% – $0 costs (4.375% APR)

20 year fixed: 3.75% – .55 points (3.87% APR), 3.875% – 0 points (3.92% APR), 4.125% – $0 costs (4.125% APR)

15 year fixed: 3.25% – .65 points (3.35% APR), 3.5% – 0 points (3.55% APR), 3.875% – $0 costs (3.875% APR)

5/1 ARM: 3.25% – .92 points (3.4% APR), 3.625% – 0 points (3.7% APR)

30 year fixed FHA: 3.75% – .91 points (4.62% APR), 4.0% – 0 points (4.7% APR), 4.375% – $0 costs (outside of FHA Fee) (5.07% APR)

15 year fixed FHA: 3.5% – .77 points (3.95% APR), 3.75% – 0 points (4.05% APR), 4.125% – $0 costs (outside of FHA Fee) (4.42% APR)

30 year fixed VA: 3.75% – .75 points (3.90% APR), 4.0% – 0 points (4.05% APR), 4.375% – $0 costs (4.375% APR)

30 year Fixed Jumbo: 3.875% – .7 points (4.01% APR), 4.125% – 0 points (4.16% APR),

7/1 ARM Jumbo: 3.125% – .94 points (3.3% APR), 3.5% – 0 points (3.55% APR)

Mortgage interest Rates improved in the first week of June 2017. Here, Reggie Green, Team Green, and Fairway Independent Mortgage in Scottsdale, Arizona, McCormick Ranch, are dedicated to providing all the best mortgage products and customer service to assist you in your home purchase or refinance in Arizona, California, Colorado, Washington, Georgia, Michigan and Virginia. 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. FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage. June 6th 2017 30 year fixed rates, June 7th 2017 30 year fixed rates, June 8th 2017 30 year fixed rates, June 9th 2017 30 year fixed rates, June 10th 2017 30 year fixed rates, June 11th 2017 30 year fixed rates, June 12th 2017 30 year fixed rates, June 13th 2017 30 year fixed rates.

WEEKLY RATE – Interest Rates Hit 7 Month Lows