WEEKLY RATE – TABLE IS SET FOR HIGHER RATES
Interest rate pricing had a bad week.
The Mortgage Backed Security (MBS) market closed down heavily 3 of the 5 days, finishing the week closing down – 54 bps.
More importantly, the table is set for potential rapid rate increases.
The Senate passed the budget, opening the door for a Trump tax reform coming. Lower taxes are looked upon favorably by stocks, but the bond and rate markets typically move in a opposite direction. If tax reform causes stocks to continue their rapid incline, rates will be hurt with less interest in bonds.
There is also speculation that Janet Yellen (generally having been favorable for low interest rate pricing) may not be the next FED Chair.
The table is set and the potential is there for rapid rate increases in the future. Lock your rates. Don’t wait on the sidelines hoping rates will drop again.
Below are today’s interest rates. Have a great week!!
TODAY’S INTEREST RATES:
30 year fixed: 3.99% – .99 points (4.2% APR), 4.25% – 0 points (4.29% APR)
20 year fixed: 3.875% – .7 points (4.01% APR), 4.125% – 0 points (4.17% APR)
15 year fixed: 3.5% – .86 points (3.67% APR), 3.75% – 0 points (3.79% APR)
5/1 ARM: 3.375% – .99 points (3.57% APR), 3.875% – 0 points (3.92% APR)
30 year fixed FHA: 3.99% – .99 points (4.9% APR), 4.375% – 0 points (5.07% APR)
15 year fixed FHA: 3.875% – .99 points (4.37% APR), 4.125% – 0 points (4.42% APR),
30 year fixed VA: 3.99% – .8 points (4.15% APR), 4.375% – 0 points (4.41% APR)
30 year Fixed Jumbo: 4.0% – .85 points (4.17% APR), 4.25% – 0 points (4.29% APR)
7/1 ARM Jumbo: 3.375% – .86 points (3.55% APR), 3.625% – 0 points (3.67% APR)
MORTGAGE QUOTE / APPLY FOR HOME LOAN:
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:
Team Green is a top 1% originating mortgage team in the country. Everyone on our team has over 13 years of mortgage lending experience.
My team treats every transaction as an audition to earn your business for the rest of your life.
Have an amazing week and we’re always available if you need help with a purchase loan or refinance.
TEAM GREEN LINE: 480-704-4890
TEAMGREEN@FAIRWAYMC.COM
Reggie Green, Team Green, and Fairway Independent Mortgage in Scottsdale, Arizona, McCormick Ranch, Fairway Independent Mortgage McCormick Ranch is 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. October 23rd, 2017 30 year fixed rates, October 24th 2017 30 year fixed rates, October 25th 2017 30 year fixed rates, October 26th 2017 30 year fixed rates, October 27th 2017 30 year fixed rates, October 28th 2017 30 year fixed rates, October 29th 2017 30 year fixed rates, October 30th 2017 30 year fixed rates.
WEEKLY RATE – TABLE IS SET FOR HIGHER RATES
