WEEKLY RATE – THE FOMC RAISES THE FEDERAL FUNDS RATE A .25%

WEEKLY RATE – THE FOMC RAISES THE FEDERAL FUNDS RATE A .25%

I hope everyone is having a fantastic week!!

In this weekly rate, we discuss:

– This week in interest rate pricing

WEEKLY INTEREST RATE PRICING:

The Federal Open Market Committee (FOMC) raised the Federal Funds rate .25% again on Wednesday, March 21st. This put rate pricing at 4 year highs on Wednesday morning, but then the market improved a couple hours later.

The FED outlined 3 to 4 rate hikes in 2018 as a whole, and more rate hikes in 2019 and 2020. Although the Federal Funds rate does not directly affect interest rates, it does play a role.

The Mortgage Backed Security market finished the week strong, ending the week trading up +2 bps. This has been the story for most of March. Some see-sawing , but interest rates staying in a very narrow range.

I still think the risk in floating is not worth the reward.

Below are today’s interest rates and links to get a free rate quote or apply online.

Have a great week!!

MORTGAGE QUOTE / APPLY FOR A MORTGAGE:

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 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. March 26th 2017 30 year fixed rates, March 27th 2017 30 year fixed rates, March 28th 2017 30 year fixed rates, March 29th 2017 30 year fixed rates, March 30th 2017 30 year fixed rates, March 31st 2017 30 year fixed rates, April 1st 2017 30 year fixed rates, April 2nd 2017 30 year fixed rates.

WEEKLY RATE – THE FOMC RAISES THE FEDERAL FUNDS RATE A .25%

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