WEEKLY RATE – RATES TRENDING HIGHER
I hope everyone is having a fantastic week!!
In this weekly rate, we discuss:
– This week in interest rate pricing
– Higher Conventional, VA, and FHA Loan Limits for 2018
WEEKLY INTEREST RATE PRICING:
Interest rates have trended higher at the end of December and early January.
Rate pricing is near 6 month highs, but the good news is that rates are still within a .25% of the best rates of the past 6 months.
The Mortgage Backed Security (MBS) market started this week down – 44 bps, but since has recovered some going into Friday, trading down -12 bps.
Mortgage Backed Securities and US Treasuries have a strong correlation to mortgage rate pricing. As bonds go down, rate pricing worsens.
The expected trend is for mortgage rate pricing to continue to slowly trend higher in 2018.
Below are today’s interest rates and links to get a free rate quote or apply online.
Have a great week!!
HIGHER CONVENTIONAL, VA, and FHA LOAN LIMITS FOR 2018
CONVENTIONAL / VA 2018 LOAN LIMITS:
Fannie Mae released their higher conventional loan limits for 2018. The normal conventional loan limit of $424,100 was raised to $453,10. VA followed suit mirroring conventional loan limits.
Some higher priced areas have a high balance conventional loan over the country wide $453,100.
To check the loan limit in your area – please click the link below:
https://www.fanniemae.com/singlefamily/loan-limits
FHA 2018 LOAN LIMITS:
FHA also raised their loan limits.
The one I most directly deal with is Maricopa County, Arizona which raised the FHA loan limit to $294,515.
To check the loan limit in your area, please click the link below:
https://www.fha.com/lending_limits
MORTGAGE QUOTE / APPLY FOR A MORTGAGE:
For a no obligation mortgage quote, please go to:
To apply for a refinance or home purchase loan, please call me or go to:
TEAM GREEN:
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 new home loan purchase 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. January 12th 2017 30 year fixed rates, January 13th 2017 30 year fixed rates, January 14th 2017 30 year fixed rates, January 15th 2017 30 year fixed rates, January 16th 2017 30 year fixed rates, January 17th 2017 30 year fixed rates, January 18th 2017 30 year fixed rates, January 19th 2017 30 year fixed rates.
WEEKLY RATE – RATES TRENDING HIGHER
