WEEKLY RATE – Interest Rates Hovering At Recent Highs
It’s true, mortgage rates have drifted higher but since rates have moved in such a narrow range since January, rates aren’t really much higher than they have been.
On Friday, mortgage interest rates were fluctuating near 3 month highs, but were only about .125% higher than the 8 month low. So the trade range has been narrow.
Last week the Mortgage Backed Security Market (MBS) closed the week -26 bps. This week, we are finally getting some positive traction with the MBS market trading up + 9 bps on Mondya and + 13 bps as of Tuesday morning.
Currently, most borrowers will have to pay slightly over a point to get in the 3%’s on a 30 year fixed conventional loan. And slightly less than a point to get a 4.125%.
I expect rates to continue in this narrow range barring an unforeseen event.
As always, have an amazing week and I’m always available if you need help with a new home loan purchase or refinance. teamgreen@fairwaymc.com ; 480-206-5577.
For a no obligation mortgage quote, please answer questions on right of webpage or go to:
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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: 4.125% – .74 points (4.27% APR), 4.25% – 0 points (4.29% APR), 4.5% – $0 costs (4.5% APR)
20 year fixed: 3.875% – 1 point (4.07% APR), 4.125% – 0 points (4.17% APR), 4.25% – $0 costs (4.25% APR)
15 year fixed: 3.375% – 1 point (3.57% APR), 3.75% – 0 points (3.79% APR), 4.125% – $0 costs (4.125% APR)
5/1 ARM: 3.5% – .99 points (3.7% APR), 3.875% – 0 points (4.07% APR)
30 year fixed FHA: 3.875% – 1 point (4.77% APR), 4.25% – 0 points (4.95% APR), 4.625% – $0 costs (outside of FHA Fee) (5.32% APR)
15 year fixed FHA: 3.75% – 1 point (4.25% APR), 4.125% – 0 points (4.42% APR),
30 year fixed VA: 4.0% – .79 points (4.15% APR), 4.25% – 0 points (4.29% APR), 4.5% – $0 costs (4.54% APR)
30 year Fixed Jumbo: 4.0% – 1 point (4.2% APR), 4.25% – 0 points (4.29% APR),
7/1 ARM Jumbo: 3.375% – .83 points (3.54% APR), 3.625% – 0 points (3.69% APR)
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. Below are the products and Mortgage Rate Sheets we offer 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. July 11th 2017 30 year fixed rates, July 12th 2017 30 year fixed rates, July 13th 2017 30 year fixed rates, July 14th 2017 30 year fixed rates, July 15th 2017 30 year fixed rates, July 16th 2017 30 year fixed rates, July 17th 2017 30 year fixed rates, July 18th 2017 30 year fixed rates.
WEEKLY RATE – INTEREST RATES HOVERING AT RECENT HIGHS
