WEEKLY RATE – Interest Rates Remain Stable
Interest rates continue to ebb and flow, but remain remarkably consistent when looking at rate pricing over a week or longer period.
30 Year Fixed rates are still sticking in the high 3%’s with less than a point and 4.125% at 0 points.
The Mortgage Backed Security (MBS) market closed last week up + 30 bps, and is trading down – 20 bps so far this week. Some ups and downs, but very consistent and stable
I expect rates to continue in this fashion until at least the next FED meeting.
PRODUCT SPOTLIGHT – Early Access Product
We have a great product that allows home owner’s to refinance or purchase without waiting the long periods required by Conventional, FHA, and VA.
We see it every day where consumers want to buy above the FHA loan limit, but had a foreclosure within the past 7 years. Conventional loans require a full 7 years out of foreclosure before qualifying for a Fannie Mae/Freddie Mac mortgage.
The Early Access product is a great solution to finance now with the goal to switch to a conventional loan down the line.
Below are some of the details of this great product:
620+ credit score required
85% LTV or less
43% Debt to Income Ratio or less
Primary, Vacation and Investment Homes
Gift funds permitted
Cash out loans permitted
If you have been having a hard time getting financing due to a recent foreclosure, short sale, or bankruptcy. Please give us a call. We would love the opportunity to help!!
As always, have an amazing week and we’re always available if you need help with a new home loan purchase or refinance.
Jenn Patel / Senior Loan Officer: 480-818-3769
Reggie Green / Branch Manager: 480-206-5577
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% – .68 points (4.12% APR), 4.125% – 0 points (4.16% 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% – .97 points (3.44% APR), 3.625% – 0 points (3.76% APR), 3.875% – $0 costs (3.875% APR)
5/1 ARM: 3.5% – .94 points (3.69% APR), 4.0% – 0 points (4.06% APR)
30 year fixed FHA: 3.875% – .99 points (4.77% APR), 4.125% – 0 points (4.82% APR), 4.625% – $0 costs (outside of FHA Fee) (5.32% APR)
15 year fixed FHA: 3.75% – .91 points (4.23% APR), 4.0% – 0 points (4.3% APR),
30 year fixed VA: 3.875% – .86 points (4.04% APR), 4.125% – 0 points (4.17% APR), 4.5% – $0 costs (4.5% APR)
30 year Fixed Jumbo: 3.875% – 1 point (4.07% APR), 4.125% – 0 points (4.18% APR),
7/1 ARM Jumbo: 3.25% – .83 points (3.42% APR), 3.5% – 0 points (3.57% 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. August 16th 2017 30 year fixed rates, August 17th 2017 30 year fixed rates, August 18th 2017 30 year fixed rates, August 19th 2017 30 year fixed rates, August 20th 2017 30 year fixed rates, August 21st 2017 30 year fixed rates, August 22nd 2017 30 year fixed rates, August 23rd 2017 30 year fixed rates.
WEEKLY RATE – INTEREST RATES REMAIN STABLE