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

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

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

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

WEEKLY RATE – INTEREST RATES DROP TO 2 WEEK LOWS

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

WEEKLY RATE – Interest Rates Inch Higher

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

WEEKLY RATE – Interest Rates Move Higher With Trump Corporate Tax Cut Announcement

WEEKLY RATE – Interest Rates Move Higher With Trump Corporate Tax Cut Announcement

Interest Rates are starting to move higher again due to a variety of market factors.

Much of the lower interest rate pricing the last 2 weeks was due to geopolitical fears and investors moving their money to the safety of bonds. That fear has subsided some, pushing rate pricing up at the end of last week.

This week Trump announced plans to cut the Corporate Tax percentage from 39% to 15% and he is laying out the details of his new plan Wednesday 4/26. This is viewed as a positive for business and stocks, thus hurtful to bonds and interest rates. The DOW has jumped 400 points the past 2 days and NASDAQ hit a new all time high.

The Mortgage Backed Security Market (MBS) closed last week down – 25 bps and is trading down – 40 bps this week.

I don’t see interest rate pricing dropping in the near future unless a geopolitical event stirs up investors to flee back to the bond market. Much safer to lock than float at this point.

For a no obligation mortgage quote, please answer questions on right of 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:       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% – .73 points (4.02% APR),     3.99% – 0 points (4.06% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed:        3.25% –  1 point (3.45% APR),        3.625% – 0 points (3.69% APR),     3.875% – $0 costs (3.875% APR)

7/1 ARM:        3.625% – .74 points (3.77% APR),     3.875% – 0 points (3.91% APR)    

30 year fixed FHA:        3.875% – .99 points (4.77% APR),     4.25% – 0 points (4.95% APR),     4.5% – $0 costs (outside of FHA Fee) (5.2% APR)

15 year fixed FHA:        3.625% – 1 point (4.12% APR),     3.875% – 0 points (4.17% APR)  

30 year fixed VA:        3.875% – .82 points (4.03% APR),     4.125% – 0 points (4.2% APR),     4.5% – $0 costs (4.5% APR)

30 year Fixed Jumbo:     4.125% – .75 points (4.27% APR),     4.375% – 0 points (4.41% APR),        4.5% – 0 costs (4.5% APR)    

7/1 ARM Jumbo:        3.375% – 1 point (3.58% APR),     3.75% – 0 points (3.8% APR)

 

WEEKLY RATE – Interest Rates Move Higher With Trump Corporate Tax Cut Announcement

WEEKLY RATE – INTEREST RATES REMAIN AT 2017 LOWS

WEEKLY RATE – Interest Rates Remain at 2017 Lows

Interest Rates remain at 2017 lowest levels.

We are now seeing rates below 4% paying less than a point!!

The market’s improvement is largely due to worry over Korea and Syria. Military / Political unrest typically involves investors moving funds to the safety of the bond market which helps interest rates.

The Mortgage Backed Security (MBS) market closed last week up + 65 bps. Now is still a great time to take advantage of the lowest mortgage rate interest levels in over 3.5 months.

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:       3.99% – .83 points (4.16% APR),       4.25% – 0 points (4.28% APR),   4.375% – $0 costs (4.375% APR)

20 year fixed:       3.75% – .86 points (3.91% APR),     3.99% – 0 points (4.04% APR), 4.125% – $0 costs (4.125% APR)

15 year fixed:        3.25% –  .91 points (3.44% APR),        3.5% – 0 points (3.55% APR),     3.875% – $0 costs (3.875% APR)

7/1 ARM:        3.5% – .84 points (3.66% APR),     3.75% – 0 points (3.77% APR),     4.125% – $0 costs (4.125% APR)

30 year fixed FHA:        3.75% – .99 points (4.65% APR),     4.0% – 0 points (4.7% APR),     4.25% – $0 costs (outside of FHA Fee) (4.95% APR)

15 year fixed FHA:        3.5% – .92 points (3.98% APR),     3.875% – 0 points (4.17% APR),   4.25% – $0 costs (outside of FHA Fee) (4.55% APR)

30 year fixed VA:        3.75% – .81 points (3.91% APR),     4.0% – 0 points (4.05% APR),     4.25% – $0 costs (4.25% APR)

30 year Fixed Jumbo:     4.0% – .56 points (4.11% APR),     4.125% – 0 points (4.17% APR)       

7/1 ARM Jumbo:        3.25% – .83 points (3.42% 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 REMAIN AT 2017 LOWS

WEEKLY RATE – Interest Rates Hit 2017 Lows

WEEKLY RATE – Interest Rates Hit 2017 Lows

Interest rates have continued to slowly improve last week and this week.

The Mortgage Backed Security (MBS) market closed last week up + 11 bps and closed this week up + 31 bps. Investors are seeking the safety of the bond market with the geopolitical turmoil in Syria, Russia and North Korea. That being said, I see this as a temporary improvement and not a long term rate movement.

Now is a great time to lock in and take advantage.

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:       4.0% – 1 point (4.2% APR),       4.25% – 0 points (4.28% APR)

20 year fixed:       3.875% – .71 points (4.01% APR),     3.99% – 0 points (4.04% APR)

15 year fixed:        3.25% –  1 point (3.45% APR),        3.625% – 0 points (3.69% APR)

7/1 ARM:        3.5% – .94 points (3.7% APR),     3.75% – 0 points (3.79% APR)

30 year fixed FHA:        3.875% – .81 points (4.73% APR),     4.125% – 0 points (4.82% APR)

15 year fixed FHA:        3.625% – .96 points (4.11% APR),     3.875% – 0 points (3.90% APR)

30 year fixed VA:        3.75% – 1 point (3.95% APR),     4.125% – 0 points (4.15% APR)

30 year Fixed Jumbo:     4.0% – .77 points (4.15% APR),     4.25% – 0 points (4.28% APR)       

7/1 ARM Jumbo:        3.25% – 1 point (3.45% APR),     3.625% – 0 points (3.69% 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 Hit 2017 Lows

WEEKLY RATE – Interest Rates Drop to 1 Month Lows, Then Come Back to Earth

WEEKLY RATE – Interest Rates Drop to 1 Month Lows, Then Come Back to Earth

Interest rates continued their hot streak last week and early this week.    

Investors seemed to be moving to the safety of bonds with concern over whether President Trump would be able to implement his regulation slashing business policies after the failed health care repeal and replace. The stock market has been way up since Donald Trump’s election, but that rally has stalled and reversed in the past week.

The Mortgage Backed Security (MBS) market closed last week trading up + 41 bps and closed Monday of this week trading up + 26 bps, helping to push interest rates to their lowest levels in over a month.   Then the stock market rebounded on Tuesday and the MBS market tanked, ending trading down – 38 bps. 

Overall, rate pricing is still pretty good to where it has been much of March.  Expect daily volatility to continue but long term rate pricing to remain relatively stable. 

For a no obligation mortgage quote, please go to: 

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .99 points (4.32% APR),       4.375% – 0 points (4.38% APR)

20 year fixed:       3.99% – .67 points (4.3% APR),     4.125% – 0 points (4.15% APR)

15 year fixed:        3.375% –  .99 points (3.57% APR),        3.75% – 0 points (3.77% APR)

30 year Fixed High Balance:     4.25% – .65 points (4.38% APR),      4.375% – 0 points (4.39% APR)       

30 year Fixed Jumbo:        4.125% – .99 points (4.32% APR),      4.375% – 0 points (4.41% APR)

30 year fixed FHA:        3.875% – .99 points (4.77% APR),      4.25% – 0 points (4.95% APR)

15 year fixed FHA:        3.625% – 1 point (4.12% APR),      3.875% – 0 points (4.17% APR)

30 year fixed VA:        3.875% – 1 point (4.07% APR),     4.25% – 0 points (4.27% 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 1 Month Lows, Then Come Back to Earth

WEEKLY RATE – Mortgage Rates Hit 3 Week Lows after FED raises Federal Funds Rate

WEEKLY RATE – Mortgage Rates Hit 3 Week Lows after FED raises Federal Funds Rate

Everyone in the market expected the FED to raise interest rates on March 15th.  So when that happened, the market had already cooked the movement in.  What made interest rates improve at their fastest rate in 2017 was the FED Future rate increase outlook which did not increase.

This caused the Mortgage Backed Security (MBS) market to end March 15th up a whopping + 73 bps.  That improvement has continued and the MBS market is up + 121 bps since March 15th, pushing rates to their lowest levels in over 3 weeks.

More political uncertainty in the news is also causing some investors to flee to the safety of bonds, helping mortgage interest rates. 

For a no obligation mortgage quote, please go to:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .99 points (4.32% APR),       4.375% – 0 points (4.38% APR)

20 year fixed:       3.99% – .56 points (4.1% APR),     4.125% – 0 points (4.15% APR)

15 year fixed:        3.375% –  .99 points (3.57% APR),        3.75% – 0 points (3.77% APR)

30 year Fixed High Balance:     4.125% – 1 point (4.32% APR),      4.375% – 0 points (4.39% APR)       

30 year Fixed Jumbo:        4.125% – .92 points (4.31% APR),      4.375% – 0 points (4.41% APR)

30 year fixed FHA:        4.0% – .76 points (4.85% APR),      4.25% – 0 points (4.95% APR)

15 year fixed FHA:        3.625% – 1 point (4.12% APR),      4.0% – 0 points (4.3% APR)

30 year fixed VA:        3.875% – 1 point (4.07% APR),     4.25% – 0 points (4.27% 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 – Mortgage Rates Hit 3 Week Lows after FED raises Federal Funds Rate

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