Tag: April 2017 mortgage interest rates

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