WEEKLY RATE – Rates Go Deeper Into 2017 Lows
Interest rates dove deeper into their lowest levels of 2017 and the lowest levels since November 2016.
Tension between North Korea and the United States is causing some investors to push funds into the safety of the bond market, which is certainly helping interest rates at the moment. That being said, there is not much room for substantial improvement without a major event as the market is trading at the top of it’s average range.
The Mortgage Backed Security (MBS) market ended last week trading up + 6 bps, and closed Tuesday up + 40 bps.
Moving forward, September could be a volatile month for markets. The geopolitical events of international conflict and natural disasters in the US will continue to affect the market and interest rates. Congress is now back in session and one of the first items on the agenda will be increasing the debt ceiling and avoiding a government shut down. How close the government comes to being shut down will affect markets. Many central banks across the globe will be releasing policy statements this month and the FED may start cutting it’s budget.
It’s shaping up to be an eventful month for financial markets and interest rate pricing.
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 at bottom of email 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: 3.875% – .65 points (4.00% APR), 3.99% – 0 points (4.05% APR), 4.25% – $0 costs (4.25% APR)
20 year fixed: 3.625% – .6 points (3.74% APR), 3.875% – 0 points (3.99% APR), 4.125% – $0 costs (4.125% APR)
15 year fixed: 3.25% – .76 points (3.37% APR), 3.5% – 0 points (3.57% APR), 3.75% – $0 costs (3.75% APR)
5/1 ARM: 3.25% – .8 points (3.36% APR), 3.75% – 0 points (3.79% APR)
30 year fixed FHA: 3.75% – .99 points (4.65% APR), 4.125% – 0 points (4.82% APR), 4.5% – $0 costs (outside of FHA Fee) (5.2% APR)
15 year fixed FHA: 3.625% – .99 points (4.12% APR), 3.99% – 0 points (4.29% APR),
30 year fixed VA: 3.75% – .9 points (3.95% APR), 3.99% – 0 points (4.06% APR), 4.5% – $0 costs (4.5% APR)
30 year Fixed Jumbo: 3.75% – .86 points (3.92% APR), 4.0% – 0 points (4.05% APR),
7/1 ARM Jumbo: 3.125% – .71 points (3.24% APR), 3.375% – 0 points (3.4% 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, Fairway Independent Mortgage McCormick Ranch, Team Green. Reggie Green. FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage. September 5th 2017 30 year fixed rates, September 6th 2017 30 year fixed rates, September 7th 2017 30 year fixed rates, September 8th 2017 30 year fixed rates, September 9th 2017 30 year fixed rates, September 10th 2017 30 year fixed rates, September 11th 2017 30 year fixed rates, September 12th 2017 30 year fixed rates.
WEEKLY RATE – Rates Go Deeper Into 2017 Lows
