Congratulations on Your Closing

Really honored to help our client close on this beautiful home in Queen Creek.

As always – it’s great working with agents that are available and make our job easy.

Thank you Trevor Rasmussen, Jackie Nedin and Nathan Biggar – Congratulations on your closing!!

#thevalleygrow, #kellerwilliams, #kellerwilliamsrealtyphoenix, #jackienedin, #nathanbiggar, #trevorrasmussen, #toprockrealty, #goodluckinindiana, #hoosierstate, #queencreekhomes, #queencreekrealestate, #queencreekrealtor, #temperealtor, #phoenixrealtor, #congratulationsonyourclosing, #fairwayindependentmortgagemccormickranch, #dontsettle, #wedomortgage, #teamgreen.

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How 2018 Tax Laws Effect Homeowners

#newtaxlaws, #homeownership, #interestdeduction, #fairwayindependentmortgagemccormickranch, #fairwaynation, #teamgreen.
How 2018 Tax Laws Effect Homeowners

CONGRATULATIONS ON YOUR CLOSING

Honored to work with our past clients again on financing their new home in Thousand Oaks, California.

This house is sick!!

Thanks to these great agents for making our job easy on a nice and smooth transaction.

Congratulations on your closing.

#carloshernandez, #jasonvollmer, #berkshirehathaway, #berkshirehathawayrealestateagents, #triciaonsgard, #coldwellbanker, #coldwellbankeragents, #thousandoaks, #thousandoaksrealestate, #thousandoakscalifornia, #thousandoaksrealestateagents, #fairwayindependentmortgagemccormickranch, #teamgreen.

WEEKLY RATE – RATES TRENDING HIGHER

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

WEEKLY RATE – HIGHER CONVENTIONAL, VA, and FHA LOAN LIMITS FOR 2018

WEEKLY RATE – A RISE IN THE CONVENTIONAL, VA, and FHA LOAN LIMITS FOR 2018

I hope everyone is having a fantastic week!!

In this weekly rate, we discuss:

-Higher Conventional, VA, and FHA Loan Limits for 2018

-This week in interest rate pricing

-Rise in Income and Price Limit for Maricopa County’s Down Payment Assistance Program Home in 5

HIGHER CONVENTIONAL, VA, and FHA LOAN LIMITS:

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 $453,100.   VA followed suit mirroring conventional loan limits.

Some higher priced areas have a high balance conventional loan over the country wide $453,100 limit.

To check the loan limit in your area – please click the link below:

 

 

 

 

 

 

 

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:

 

 

 

 

 

 

WEEKLY INTEREST RATE PRICING:

Interest rates have been mostly neutral over the past 2 weeks ahead of the FED Interest Rate Decision on Wednesday, December 13th.

I personally feel that the FED will raise the rate and with the stock market on a roll (which is usually bad for rates), I recommend locking your rate if you are debating.

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

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 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

HOME IN 5 INCREASES INCOME AND PRICE LIMIT:

Maricopa County’s Down Payment Assistance Program Home in 5 made it easier to qualify for one of their products.

Home in 5 increased the income limit from $88,340 to $92,980

And

Home in 5 increased the purchase price limit from $300,000 to $371,930.

 

 

 

 

Have a great week!!

-Reggie

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.  December 12th 2017 30 year fixed rates, December 13th 2017 30 year fixed rates, December 14th 2017 30 year fixed rates, December 15th 2017 30 year fixed rates, December 16th 2017 30 year fixed rates, December 17th 2017 30 year fixed rates, December 18th 2017 30 year fixed rates, December 19th 2017 30 year fixed rates.

WEEKLY RATE – HIGHER CONVENTIONAL, VA, and FHA LOAN LIMITS FOR 2018

Congratulations on Your Closing!!

This transaction was a fun one :).  So happy for our clients Mark and Kristine to finally be finished and owners to this beautiful new home.

It was fantastic working with 2 great agents:

Jeannine Mona at Mona + Mona Real Estate and Design – RE/MAX Platinum Living

and

Jeremy Lentine at The Gluch Group – RE/MAX Platinum Living.

Congratulations on your closing!!


#Jeanninemona, #monaandmona, #gregmona, #remax, #remaxplatinumliving, #phoenixrealestate, #phoenixrealestateagent, #phoenixhomes, #Scottsdalerealestate, #scottsdalerealestateagent, #Alhambra, #alhambraneighborhood, #alhambrarealestate, #alhambrarealestateagent, #alhambraphoenix, #alhambrahomes, #jeremylentine, #thegluchgroup, #gluchgroup, #phoenixmortgage, #phoenixlender, #phoenixmortgagelender, #reggiegreen, #fairwayindependentmortgage, #fairwayindependentmortgagemccormickranch, #teamgreen.

CONGRATULATIONS ON YOUR CLOSING

CONGRATULATIONS ON YOUR CLOSING

It was fantastic working with our clients and two awesome realtors on this investment closing in Peoria.

Congratulations on your closing!!


#congratulationsonyourclosing, #peoriarealestate, #peoriarealestateagents, #Peoriahomeloan, #phoenixrealestate, #phoenixrealestateagent, #peoriamortgage, #peorialender, #cleartoclose, #reggiegreen, #fairwaymortgage, #fairwayindependentmortgage, #fairwayindependentmortgagemccormickranch.

Congratulations on your closing!!

TEAM GREEN WATER BOTTLES

We have a few Team Green water bottles.  Let us know if you want some for your open houses / events.

REGGIE GREEN / 480-206-5577 / REGGIE.GREEN@FAIRWAYMC.COM


GREEN EGGS AND HAM

Is the law of attraction drawing you to call Team Green for your mortgage?

The secret.

Listen to the laws of the universe and contact us today.

480-704-4890 , teamgreen@fairwaymc.com


 

 

WEEKLY RATE – FED RATE HIKE LIKELY COMING IN DECEMBER

WEEKLY RATE – FED RATE HIKE LIKELY COMING IN DECEMBER

I hope everyone is having a fantastic week!!

In this weekly rate we discuss current interest rate news and an important change to the Arizona Down Payment Assistance Program. Starting off with interest rates.

WEEKLY RATE

Interest rates improved slightly in the last week of November 2017.

Rate pricing improved about 10 bps in costs at each rate with the Mortgage Backed Security (MBS) market finishing the week up + 9 bps.

For well qualified customers, they can obtain a 30 year fixed rate at 3.99% with .75 points (4.15% APR), and a 4.25% with 0 points (4.29% APR).

Rate volatility will likely increase to close out 2017.

On December 12th and 13th, the Federal Open Market Committee (FOMC) is meeting and will likely raise the Federal Funds rate. Congress will be working to get through an updated tax plan which will affect the markets.

News about holiday shopping and employment will also play a key role in interest rate pricing.

If you are still thinking about refinancing, if you start now you can still miss December and January’s mortgage payment.

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

MORTGAGE QUOTE / APPLY FOR A MORTGAGE:

For a no obligation mortgage quote, please answer questions at bottom of email or go to:


 

 

 

 

 

WWW.FREEMORTGAGEQUOTE.NET

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


 

 

 

 

 

 

http://reggiegreenhomeloans.com/apply-now/full-application-reggie-green/

 

MAJOR CHASE TO ARIZONA DOWN PAYMENT ASSISTANCE PROGRAM – HOME PLUS AND HOME IN 5

Effective, January 2, 2018 on all new HOME Plus reservations the assistance provided will be in the form of a three-year, no interest, no payment, deferred soft second mortgage, forgiven monthly at a rate of 1/36 over the term of the lien.

Currently, clients are utilizing down payment assistance programs to help get into their homes with little to no money down.   

Down Payment Assistance program utilize higher rates than a traditional mortgage to help offset the grant money being paid. Many lenders are soliciting these borrowers right after closing to lower their rate.

This is a smart tactic, but it makes the program unsustainable as the higher rate is helping pay for the grant.

If they are immediately being paid off, the program is losing money.

Effective on all new Home Plus reservations after January 2nd – the grant will be a silent 2nd completely forgivable after 3 years.

This will create a combined loan to value likely over 100%, preventing lenders from coming in to immediately refinance the down payment assistance loans.

HOW CAN YOU USE THIS TO YOUR ADVANTAGE:

Once the silent 2nd goes into effect, it will be difficult for borrowers using down payment assistance to refinance shortly after closing.

But, they can still utilize the grant if they act fast and get under contract in December.

Once the silent 2nd goes into effect, borrowers will likely have to remain in a higher down payment assistance rate for a lot longer because of the higher combined loan to value and rate pricing is worse when you have 2 loans.

They will also have less equity if they sell within 3 years.

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.  November 27th 2017 30 year fixed rates, November 28th 2017 30 year fixed rates, November 29th 2017 30 year fixed rates, November 30th 2017 30 year fixed rates, December 1st 2017 30 year fixed rates, December 2nd 2017 30 year fixed rates, December 3rd 2017 30 year fixed rates, December 4th 2017 30 year fixed rates.

WEEKLY RATE – FED RATE HIKE LIKELY COMING IN DECEMBER

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