Posts By MORTGAGE NEWS

WEEKLY RATE – Interest Rates Rise in Anticipation of FED Raising Rates on Wednesday

· June 13, 2017 · 0 cost mortgage, 0 point interest rates, 0 point mortgage, 0 points · , , , , , ,

WEEKLY RATE – Interest Rates Rise in Anticipation of FED raising rates on Wednesday

After hitting 7 month lows the previous week, mortgage interest rate pricing has slowing increased in anticipation of the Federal Reserve Board raising the Federal Funds rate .25% on Wednesday, June 14th.

The economy has slowly been improving with incremental job growth and another drop in the unemployment rate. Inflation has also stabilized.

The Mortgage Backed Security Market (MBS) closed last week trading down – 20 bps and has started this week trading down -17 bps. Pushing interest rates off their lows but still very good with the ability for a well qualified borrower to get a 30 year fixed rate in the 3%’s with less than a point.

Here at Fairway, we have a lot of unconventional products that may fit your needs if you don’t qualify in the agency box.

Some of the popular unconventional products we offer are:

-Early Access programs that allow you to lend with lower seasoning periods after a Bankruptcy, Foreclose, or Short Sale than Conventional, FHA, and VA.

-High Debt to income ratio non conventional products

-Non Warrantable condo loans

-Down payment assistance products – buy a new home without a down payment

As always, have an amazing week and I’m always available if you need help with a new home loan purchase or refinance.

For a no obligation mortgage quote, please answer questions on the right or click below:

 

 

 

 

 

 

WWW.FREEMORTGAGEQUOTE.BIZ

To apply for a refinance or home purchase loan, please call me or click below:


 

 

 

 

 

https://0414113733.mortgage-application.net/WebApp/Start.aspx

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:       3.99% – .66 points (4.122% APR),       4.125% – 0 points (4.18% APR),   4.375% – $0 costs (4.375% APR)

20 year fixed:       3.75% – .79 points (3.91% APR),     3.99% – 0 points (4.04% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed:        3.25% –  .9 points (3.45% APR),        3.5% – 0 points (3.56% APR),     3.875% – $0 costs (3.875% APR)

5/1 ARM:        3.375% – .97 points (3.56% APR),     3.875% – 0 points (3.91% APR)    

30 year fixed FHA:        3.75% – 1 point (4.625% APR),     4.0% – 0 points (4.7% APR),     4.375% – $0 costs (outside of FHA Fee) (5.07% APR)

15 year fixed FHA:        3.5% – .98 points (4.0% APR),     3.875% – 0 points (4.17% APR),     4.125% – $0 costs (outside of FHA Fee) (4.42% APR)

30 year fixed VA:        3.75% – .95 points (3.95% APR),     4.0% – 0 points (4.07% APR),     4.25% – $0 costs (4.25% APR)

30 year Fixed Jumbo:     3.875% – .99 points (4.07% APR),     4.125% – 0 points (4.17% APR),        

7/1 ARM Jumbo:        3.0% – .94 points (3.19% APR),     3.375% – 0 points (3.41% APR)


WEEKLY RATE – Interest Rates Rise in Anticipation of FED Raising Rates on Wednesday

 

WEEKLY RATE – Interest Rates Hit 7 Month Lows

· June 6, 2017 · 0 cost mortgage, 0 point interest rates, 0 point mortgage, 0 points

WEEKLY RATE – Interest Rates Hit 7 Month Lows

I hope everyone had a happy and safe Memorial Day weekend!! Prayers go out to our military and the individuals that paid the ultimate sacrifice. We appreciate your service!!

Interest rates continued their slow improvement last week culminating in mortgage interest rate pricing hitting their lowest levels in 7 months on Friday.

The Mortgage Backed Security Market (MBS) closed last week trading up + 38 bps and is currently trading up + 4 bps this week. Currently you can get a 30 year fixed at 3.875% with less than a point – that’s a lot better than we were seeing just a short time ago. Now is a great time to lock in and take advantage of the market.

In up and coming news – former FBI director Comey is testifying to Congress on Thursday. This could be an event that moves the market.  

Next week is the FED Interest Rate Decision on Wednesday. This one is up in the air a bit. There is not a market consensus on if the FED will raise rates or not.

As always, have an amazing week and I’m always available if you need help with a new home loan purchase or refinance.

For a no obligation mortgage quote, please answer questions on the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

To apply for a refinance or home purchase loan, please call me or go to:

 

 

 

 

https://0414113733.mortgage-application.net/WebApp/Start.aspx

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. 

Check out our outstanding reviews from our past clients:  

https://mortgagenewsandrates.com/testimonials/

https://www.zillow.com/profile/reggiegreenjr/

https://www.facebook.com/MortgageNewsandRates/

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       3.875% – .99 points (4.07% APR),       4.125% – 0 points (4.16% APR),   4.375% – $0 costs (4.375% APR)

20 year fixed:       3.75% – .55 points (3.87% APR),     3.875% – 0 points (3.92% APR), 4.125% – $0 costs (4.125% APR)

15 year fixed:        3.25% –  .65 points (3.35% APR),        3.5% – 0 points (3.55% APR),     3.875% – $0 costs (3.875% APR)

5/1 ARM:        3.25% – .92 points (3.4% APR),     3.625% – 0 points (3.7% APR)    

30 year fixed FHA:        3.75% – .91 points (4.62% APR),     4.0% – 0 points (4.7% APR),     4.375% – $0 costs (outside of FHA Fee) (5.07% APR)

15 year fixed FHA:        3.5% – .77 points (3.95% APR),     3.75% – 0 points (4.05% APR),     4.125% – $0 costs (outside of FHA Fee) (4.42% APR)

30 year fixed VA:        3.75% – .75 points (3.90% APR),     4.0% – 0 points (4.05% APR),     4.375% – $0 costs (4.375% APR)

30 year Fixed Jumbo:     3.875% – .7 points (4.01% APR),     4.125% – 0 points (4.16% APR),        

7/1 ARM Jumbo:        3.125% – .94 points (3.3% APR),     3.5% – 0 points (3.55% APR)

Mortgage interest Rates improved in the first week of June 2017. Here, 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.  Mortgage Rate Sheets 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.  Team Green.  Reggie Green.  FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage.  June 6th  2017 30 year fixed rates, June 7th 2017 30 year fixed rates, June 8th  2017 30 year fixed rates, June 9th 2017 30 year fixed rates, June 10th 2017 30 year fixed rates, June 11th  2017 30 year fixed rates, June 12th  2017 30 year fixed rates, June 13th 2017 30 year fixed rates.

WEEKLY RATE – Interest Rates Hit 7 Month Lows

WEEKLY RATE – Interest Rates at close to lowest levels of 2017

· May 31, 2017 · 0 cost mortgage, 0 point interest rates, 0 point mortgage, 0 points · , , , , , , , ,

WEEKLY RATE – Interest Rates at close to lowest levels of 2017

Interest rates improved on the Tuesday after Memorial Day, after remaining flat heading into the long weekend.

The Mortgage Backed Security Market (MBS) closed last week even and traded up + 22 bps, on Tuesday, May 30th.

Overall, interest rates have only been slightly better a couple of days in 2017. You can now get a 3.99% for .58 pts assuming good credit.  

We have a lot of data coming up that could cause rate volatility. On Friday June 2nd, the US Non Farm Payroll Report and Unemployment rate will be released. 2 weeks from Wednesday, we have the Federal Reserve Board Interest Rate Decision where the Federal Open Market Committee (FOMC) decides whether to raise the Federal Funds rate.

As always, have an amazing week and I’m always available if you need help with a new home loan purchase or refinance.

For a no obligation mortgage quote, please answer questions on right of web page or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

To apply for a refinance or home purchase loan, please call me or go to:

https://0414113733.mortgage-application.net/WebApp/Start.aspx

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. 

Check out our outstanding reviews from our past clients:  

https://mortgagenewsandrates.com/testimonials/

https://www.zillow.com/profile/reggiegreenjr/

https://www.facebook.com/MortgageNewsandRates/

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       3.99% – .58 points (4.1% APR),       4.125% – 0 points (4.17% APR),   4.375% – $0 costs (4.375% APR)

20 year fixed:       3.75% – .79 points (3.91% APR),     3.99% – 0 points (4.04% APR), 4.125% – $0 costs (4.125% APR)

15 year fixed:        3.25% –  .77 points (3.41% APR),        3.5% – 0 points (3.55% APR),     3.875% – $0 costs (3.875% APR)

7/1 ARM:        3.5% – .99 points (3.7% APR),     3.875% – 0 points (3.92% APR)    

30 year fixed FHA:        3.75% – .88 points (4.62% APR),     4.0% – 0 points (4.7% APR),     4.375% – $0 costs (outside of FHA Fee) (5.07% APR)

15 year fixed FHA:        3.375% – .99 points (3.87% APR),     4.0% – 0 points (4.3% APR),     4.375% – $0 costs (outside of FHA Fee) (4.57% APR)

30 year fixed VA:        3.75% – .81 points (3.91% APR),     4.0% – 0 points (4.05% APR),     4.375% – $0 costs (4.375% APR)

30 year Fixed Jumbo:     3.875% – .97 points (4.08% APR),     4.125% – 0 points (4.16% APR),        

5/1 ARM Jumbo:        3.0% – .87 points (3.17% APR),     3.375% – 0 points (3.42% APR)

-Reginald Patrick Green Jr.  -Branch Manager. NMLS #229993.  AZ License:  BK-0913980.  -AZ NMLS LIC#: DOC229993, CO NMLS LIC# 1000323838,  CA NMLS LIC# DOC229993.  -Fairway Independent Mortgage Corporation. 2325 East Camelback Road, Suite 100, Phoenix, AZ, 85016.  480-206-5577, reggie.green@fairwaymc.com.  Corporate Address: Fairway Independent Mortgage Corporation.  2425 New Pinery Rd Ste 102, Portage, WI 53901.  #2293.  Equal Housing Lender.

WEEKLY RATE – Interest Rates at close to lowest levels of 2017

Testimonial Tuesday – Team Green

· May 31, 2017 · Uncategorized · , , , , , ,

TESTIMONIAL TUESDAY – TEAM GREEN

Thank you for the awesome review Ken.   Congratulations on your new home and we truly appreciate the opportunity to work on your home loan. 

If you would like to apply or get prequalified for a new home loan, please click APPLY NOW.


 

 

 

If you would like to get a FREE MORTGAGE QUOTE – please answer 6 questions here:  WWW.FREEMORTGAGEQUOTE.BIZ


 

TEAM GREEN Presents: Fairway Independent Mortgage – McCormick Ranch

· May 22, 2017 · Uncategorized · , , ,

Proud to announce that Team Green has officially opened our new mortgage branch in the McCormick Ranch and Gainey Ranch area of Scottsdale, Arizona.

Fairway Independent Mortgage Corporation – McCormick Ranch

7702 East Doubletree Ranch Road, Suite 300

Scottsdale, AZ, 85258

We currently at a temporary location, but we have an offer in and hope to have a permanent location soon.  McCormick Ranch and Gainey Ranch borrowers and realtors, we’d love the opportunity to meet and work with you.  We are the neighborhood lenders.


WEEKLY RATE – INTEREST RATES DROP TO 2 WEEK LOWS

· May 17, 2017 · 0 cost mortgage, 0 point interest rates, 0 point mortgage, 0 points · , , , , ,

WEEKLY RATE – Interest Rates Drop to 2 Week Lows

After trending higher for the past 2 weeks, mortgage rates dropped to 2 week lows with strong movement in the bond market on Friday of last week.

Last week, the Mortgage Backed Security (MBS) market was trading down -67 bps through Thursday. On Friday, the MBS market trended heavily the other way gaining back much of the losses. MBS ended the day up + 45 bps.

The main take away from this is a trend towards even higher rates was thwarted and we are seeing some correction in the bond market with the MBS trading higher this week.

As always, have an amazing week and I’m always available if you need help with a new home loan purchase or refinance.

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. 

Check out our outstanding reviews from our past clients:  

https://mortgagenewsandrates.com/testimonials/

https://www.zillow.com/profile/reggiegreenjr/

https://www.facebook.com/MortgageNewsandRates/

For a no obligation mortgage quote, please answer questions on the right of this web page or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       3.99% – .90 points (4.19% APR),       4.25% – 0 points (4.27% APR),   4.375% – $0 costs (4.375% APR)

20 year fixed:       3.875% – .5 points (3.98% APR),     3.99% – 0 points (4.04% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed:        3.25% –  .99 points (3.45% APR),        3.625% – 0 points (3.67% APR),     3.875% – $0 costs (3.875% APR)

7/1 ARM:        3.625% – .79 points (3.78% APR),     4.0% – 0 points (4.05% APR)    

30 year fixed FHA:        3.875% – .81 points (4.7% APR),     4.125% – 0 points (4.82% APR),     4.375% – $0 costs (outside of FHA Fee) (5.07% APR)

15 year fixed FHA:        3.625% – .91 points (4.1% APR),     3.875% – 0 points (4.17% APR)  

30 year fixed VA:        3.75% – .93 points (3.94% APR),     4.125% – 0 points (4.17% APR),     4.375% – $0 costs (4.375% APR)

30 year Fixed Jumbo:     4.0% – .62 points (4.12% APR),     4.125% – 0 points (4.17% APR),        

7/1 ARM Jumbo:        3.25% – .84 points (3.4% APR),     3.5% – 0 points (3.55% APR)


-Reginald Patrick Green Jr.  -Branch Manager. NMLS #229993.  AZ License:  BK-0913980.  -AZ NMLS LIC#: DOC229993, CO NMLS LIC# 1000323838,  CA NMLS LIC# DOC229993.  -Fairway Independent Mortgage Corporation. 2325 East Camelback Road, Suite 100, Phoenix, AZ, 85016.  480-206-5577, reggie.green@fairwaymc.com.  Corporate Address: Fairway Independent Mortgage Corporation.  2425 New Pinery Rd Ste 102, Portage, WI 53901.  #2293.  Equal Housing Lender.  -National Mortgage Licensing (NMLS) Link. http://nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/2289.  -Customer Info or complaints: Complaints may be directed to 877-699-0353, customerservice@fairwaymc.com.-LegalDisclosure: https://www.fairwayindependentmc.com/~/media/files/pdf/legal-disclosures.pdf?la=en. -Privacy Policy: https://www.fairwayindependentmc.com/~/media/files/pdf/privacy-policy.pdf?la=en.-Terms of Use: https://www.fairwayindependentmc.com/~/media/files/pdf/terms-of-use.pdf?la=en. -Copywright 2017 Fairway Independent Mortgage Corporation.

WEEKLY RATE – INTEREST RATES DROP TO 2 WEEK LOWS

Introducing Fairway Independent Mortgage’s Doctor Home Loan Program

· May 15, 2017 · Uncategorized · , , , , , ,

Introducing Fairway Independent Mortgage’s Doctor Home Loan Program

Calling all Doctors wanting a mortgage specifically designed for them.  Introducing Fairway Independent Mortgage Corporation’s Doctor Home Loan Program. 

Please call Team Green for all your home financing needs:

TEAM GREEN – 480-206-5577, teamgreen@fairwaymc.com


-Reginald Patrick Green Jr.  -Branch Manager. NMLS #229993.  AZ License:  BK-0913980.  -AZ NMLS LIC#: DOC229993, CO NMLS LIC# 1000323838,  CA NMLS LIC# DOC229993.  -Fairway Independent Mortgage Corporation. 2325 East Camelback Road, Suite 100, Phoenix, AZ, 85016.  480-206-5577, reggie.green@fairwaymc.com.  Corporate Address: Fairway Independent Mortgage Corporation.  2425 New Pinery Rd Ste 102, Portage, WI 53901.  #2293.  Equal Housing Lender.  -National Mortgage Licensing (NMLS) Link. http://nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/2289.  -Customer Info or complaints: Complaints may be directed to 877-699-0353, customerservice@fairwaymc.com.-LegalDisclosure: https://www.fairwayindependentmc.com/~/media/files/pdf/legal-disclosures.pdf?la=en. -Privacy Policy: https://www.fairwayindependentmc.com/~/media/files/pdf/privacy-policy.pdf?la=en.-Terms of Use: https://www.fairwayindependentmc.com/~/media/files/pdf/terms-of-use.pdf?la=en. -Copywright 2017 Fairway Independent Mortgage Corporation.

Introducing Fairway Independent Mortgage’s Doctor Home Loan Program

 

 

 

 

 

 

John McNulty Testimonial – Team Green

· May 12, 2017 · Uncategorized · , , , , , , ,

Honored to get this awesome review from John McNulty.  Thanks so much for the opportunity to work for you, your wife Jennifer, and your Mother in Law Margaret. 

I hope Margaret gets better soon and can move into your new home.

-Reg

JOHN MCNULTY TESTIMONIAL

Thinking of using Reggie Green? Let me tell you my story of how he helped
me.
In 2017 I was in the process of building a home with an “in law suite” so my
mother in law (who was battling cancer at the time and couldn’t live on her
own anymore). I needed to use the builder’s lender to take advantage of the
the $17,000.00 in incentives which they offered. During the time the home was
being built the lender consistently told me that I was totally qualified and had
nothing to worry about.
I sold my house, moved into a hotel with my family and planned to be there for
1 weekend. 4 days before I was to close the lender left me a “voicemail”
stating “sorry but we are not able to do the loan” and did not even provide an
any alternative solution. I now found my family and I homeless and hotel
hopping.
I have worked with Reggie in the past and immediately called him and asked if
he could help me.
Long story short, Reggie was able to qualify us, closed the loan and get us into
our new home within 10 days.
Being a realtor myself and working with Reggie in the past, I’ve seen him close
loans no one else could.
If your looking a professional, honest lender who will help you with all your
needs and answer all of your questions then Reggie Green at Fairways
Mortgage is the only lender to turn to.
Thanks for all of your help Reggie!

Sincerely,
John McNulty

WEEKLY RATE – INTEREST RATES CONTINUE TO TREND HIGHER

· May 10, 2017 · 0 cost mortgage, 0 point interest rates · , , , ,

WEEKLY RATE – Interest Rates Continue to trend higher

Mortgage interest rates continued to trend higher last week and into this.

Last week was choppy with some small improvement after April’s US Non Farm Payroll report. The Mortgage Backed Security (MBS) market still ending the week trading down -13 bps. MBS is still trending down this week trading – 21 bps through Tuesday evening.

With a likely FED rate increase in June, I see no reason in floating at this time. The lower rate pricing we saw in parts of April were mainly due to Geopolitical concerns.

As always, have an amazing week and I’m always available if you need help with a new home loan purchase or refinance.

For a no obligation mortgage quote, please answer questions on right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

Below are today’s interest rates.  Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .73 points (4.2% APR),       4.25% – 0 points (4.3% APR),   4.5% – $0 costs (4.5% APR)

20 year fixed:       3.875% – .91 points (4.03% APR),     4.125% – 0 points (4.06% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed:        3.375% –  .98 points (3.55% APR),        3.75% – 0 points (3.69% APR),     3.99% – $0 costs (3.99% APR)

7/1 ARM:        3.625% – .92 points (3.7% APR),     4.0% – 0 points (3.93% APR)    

30 year fixed FHA:        3.875% – 1 point (4.74% APR),     4.25% – 0 points (4.82% APR),     4.375% – $0 costs (outside of FHA Fee) (5.1% APR)

15 year fixed FHA:        3.625% – 1 point (4.09% APR),     3.875% – 0 points (4.27% APR)  

30 year fixed VA:        3.875% – .93 points (4.00% APR),     4.25% – 0 points (4.2% APR),     4.375% – $0 costs (4.37% APR)

30 year Fixed Jumbo:     4.125% – .62 points (4.2% APR),     4.25% – 0 points (4.32% APR),        

7/1 ARM Jumbo:        3.375% – .78 points (3.53% APR),     3.625% – 0 points (3.7% APR)


-Reginald Patrick Green Jr.  -Branch Manager. NMLS #229993.  AZ License:  BK-0913980.  -AZ NMLS LIC#: DOC229993, CO NMLS LIC# 1000323838,  CA NMLS LIC# DOC229993.  -Fairway Independent Mortgage Corporation. 2325 East Camelback Road, Suite 100, Phoenix, AZ, 85016.  480-206-5577, reggie.green@fairwaymc.com.  Corporate Address: Fairway Independent Mortgage Corporation.  2425 New Pinery Rd Ste 102, Portage, WI 53901.  #2293.  Equal Housing Lender.  -National Mortgage Licensing (NMLS) Link. http://nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/2289.  -Customer Info or complaints: Complaints may be directed to 877-699-0353, customerservice@fairwaymc.com.-LegalDisclosure: https://www.fairwayindependentmc.com/~/media/files/pdf/legal-disclosures.pdf?la=en. -Privacy Policy: https://www.fairwayindependentmc.com/~/media/files/pdf/privacy-policy.pdf?la=en.-Terms of Use: https://www.fairwayindependentmc.com/~/media/files/pdf/terms-of-use.pdf?la=en. -Copywright 2017 Fairway Independent Mortgage Corporation.

WEEKLY RATE – INTEREST RATES CONTINUE TO TREND HIGHER

WEEKLY RATE – Interest Rates Inch Higher

· May 4, 2017 · 0 cost mortgage, 0 point interest rates, 0 point mortgage, 0 points · , , , , , , , , , ,

WEEKLY RATE – Interest Rates Inch Higher

Mortgage interest rates are beginning to trend slowly higher with the Mortgage Backed Security (MBS) market trading down the past 3 weeks.

The Mortgage Backed Security market trading down last week – 2 bps, and is trading down this week – 34 bps as of Thursday morning.

The Federal Open Market Committee (FOMC) met this week and did not raise the Federal Funds rate. They stated that although economic growth has slowed, they view it as transitory and they believed the labor market has strengthened. This verbiage points to a likely FED rate increase in June.

The April US Non Farm Payroll report comes out this Friday. As always, this report typically shapes the direction of rates for the upcoming month.

For a no obligation mortgage quote, please answer questions on the right or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

Below are today’s interest rates. Have a great week!!

TODAY’S INTEREST RATES:

30 year fixed:   4.0% – 1 point (4.2% APR), 4.25% – 0 points (4.3% APR), 4.5% – $0 costs (4.5% APR)

20 year fixed:  3.875% – .79 points (4.03% APR), 4.0% – 0 points (4.06% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed:   3.375% – .9 points (3.55% APR), 3.625% – 0 points (3.69% APR), 3.99% – $0 costs (3.99% APR)

7/1 ARM:   3.5% – 1 point (3.7% APR), 3.875% – 0 points (3.93% APR)

30 year fixed FHA:    3.875% – .84 points (4.74% APR), 4.125% – 0 points (4.82% APR), 4.375% – $0 costs (outside of FHA Fee) (5.1% APR)

15 year fixed FHA:    3.625% – .83 points (4.09% APR), 3.875% – 0 points (4.27% APR)

30 year fixed VA:     3.875% – .64 points (4.00% APR), 4.125% – 0 points (4.2% APR), 4.375% – $0 costs (4.37% APR)

30 year Fixed Jumbo:     4.0% – 1 point (4.2% APR), 4.25% – 0 points (4.32% APR),

7/1 ARM Jumbo:    3.375% – .78 points (3.53% APR), 3.625% – 0 points (3.7% APR)



-Reginald Patrick Green Jr. -Branch Manager. NMLS #229993. AZ License: BK-0913980. -AZ NMLS LIC#: DOC229993, CO NMLS LIC# 1000323838, CA NMLS LIC# DOC229993. -Fairway Independent Mortgage Corporation. 2325 East Camelback Road, Suite 100, Phoenix, AZ, 85016. 480-206-5577, reggie.green@fairwaymc.com. Corporate Address: Fairway Independent Mortgage Corporation. 2425 New Pinery Rd Ste 102, Portage, WI 53901. #2293. Equal Housing Lender. -National Mortgage Licensing (NMLS) Link. http://nmlsconsumeraccess.org/EntityDetails.aspx/COMPANY/2289. -Customer Info or complaints: Complaints may be directed to 877-699-0353, customerservice@fairwaymc.com.-LegalDisclosure: https://www.fairwayindependentmc.com/~/media/files/pdf/legal-disclosures.pdf?la=en. -Privacy Policy: https://www.fairwayindependentmc.com/~/media/files/pdf/privacy-policy.pdf?la=en.-Terms of Use: https://www.fairwayindependentmc.com/~/media/files/pdf/terms-of-use.pdf?la=en. -Copywright 2017 Fairway Independent Mortgage Corporation.

WEEKLY RATE – Interest Rates Inch Higher

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