WEEKLY RATE – HIGHER RATES GET RELIEF ON MONDAY
I hope everyone had a Happy President’s Day!!
In this weekly rate we discuss:
– Weekly Interest Rate Pricing (Depressing)
WEEKLY INTEREST RATE PRICING:
Interest rate pricing stabilized some on Friday of last week after getting hit hard on Wednesday.
The Mortgage Backed Security (MBS) market actually closed the week up which has been very rare the last 3 months. The market closed up + 9 bps boosted by Friday’s market trading up + 28 bps.
It remains to be seen if this is just a blip on the radar towards further higher rates or some stabilization is actually happening in the market. Rates have went up about .5% in 2018 and the overall trend has the T-bill trading way down.
See all the red below.
For us mortgage originators, we still get a sense of shock when we quote rates because people are so used to them being lower. We’ve been very fortunate for 7 years. A trend towards higher rates was bound to happen and I’m surprised it took this long.
Below are today’s interest rates.
Have a great week!!
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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
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. February 19th 2018 30 year fixed rates, February 20th 2018 30 year fixed rates, February 21st 2018 30 year fixed rates, February 22nd 2018 30 year fixed rates, February 23rd 2018 30 year fixed rates, February 24th 2018 30 year fixed rates, February 25th 2018 30 year fixed rates, February 26th 2018 30 year fixed rates.
WEEKLY RATE – TEAM GREEN