Current interest rates

WEEKLY RATE – RATES MOVE HIGHER EVEN WITH POOR JOBS REPORT

WEEKLY RATE – RATES MOVE HIGHER EVEN WITH POOR JOBS REPORT

Interest rates continue to face pressure pushing the bond markets down and rate pricing up.

Rates moved to 2 month highs after the week jobs report on Friday, October 6th.

Typically, poor job creation in the US Non Farm Payroll report results in better pricing. The market viewed the numbers in a skewed way because large portions of the country were dealing with weather related issues that affected new jobs.

There was also a rise in wages reported which causes inflation. Inflation has been very low for some time and this is a big reason why mortgage interest rates have continued to stay low. If inflation increases, mortgage rates will go up with it.  

With economic pressure and the tapering of the FEDs balance sheet – I think that rates will continue to move slowly higher and highly recommend locking.

You can still get a 30 year fixed rate in the 3%’s for less than a point. Not bad, all things considered.

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

TODAY’S INTEREST RATES:

30 year fixed:       3.99% – .92 points (4.17% APR),       4.25% – 0 points (4.29% APR)

20 year fixed:       3.75% – .99 points (3.95% APR),     4.0% – 0 points (4.05% APR)

15 year fixed:        3.375% –  .99 points (3.53% APR),        3.75% – 0 points (3.79% APR)

5/1 ARM:        3.5% – .93 points (3.68% APR),     3.875% – 0 points (3.92% APR)    

30 year fixed FHA:        3.875% – .95 points (4.76% APR),     4.125% – 0 points (4.82% APR)

15 year fixed FHA:        3.75% – .99 points (4.25% APR),     4.125% – 0 points (4.42% APR),    

30 year fixed VA:        3.875% – .88 points (4.05% APR),     4.125% – 0 points (4.18% APR)

30 year Fixed Jumbo:     3.99% – .79 points (4.15% APR),    4.125% – 0 points (4.18% APR)

7/1 ARM Jumbo:        3.375% – .92 points (3.51% APR),     3.75% – 0 points (3.81% APR)

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% mortgage originating team in the country.

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. 

Have a great week and we would love to help you on your home loan!!

TEAM GREEN:

Jenn Patel / Senior Loan Officer:  480-818-376

Brian Johnson / Senior Loan Officer:  408-250-6622

Reggie Green / Branch Manager:  480-206-5577

TEAMGREEN@FAIRWAYMC.COM

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. 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.  October 9th, 2017 30 year fixed rates, October 10th 2017 30 year fixed rates, October 11th 2017 30 year fixed rates, October 12th 2017 30 year fixed rates, October 13th 2017 30 year fixed rates, October 14th 2017 30 year fixed rates, October 15th 2017 30 year fixed rates, October 16th 2017 30 year fixed rates.

WEEKLY RATE – RATES MOVE HIGHER EVEN WITH POOR JOBS REPORT

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WEEKLY RATE – Rates Reverse Course

WEEKLY RATE – RATES REVERSE COURSE

Interest rates hit their highest levels in 4 months last week. Starting on Friday, we finally saw some strength in the bond markets which have helped rates reverse course.

The Mortgage Backed Security (MBS) market closed the past 3 days up + 33 bps after finishing higher the past few weeks.

Currently 30 Year Fixed rates are still in the 3%’s paying a portion of a point.

Have an amazing week and we’re always available if you need help with a new home loan purchase or refinance.

teamgreen@fairwaymc.com

Jenn Patel / Senior Loan Officer: 480-818-3769

Reggie Green / Branch Manager: 480-206-5577

 

 

 

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

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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:       3.875% – .99 points (4.08% APR),       4.125% – 0 points (4.18% APR)

20 year fixed:       3.75% – .67 points (3.88% APR),     3.99% – 0 points (4.03% APR)

15 year fixed:        3.25% –  .99 points (3.44% APR),        3.625% – 0 points (3.65% APR)

5/1 ARM:        3.375% – .88 points (3.53% APR),     3.875% – 0 points (3.92% APR)    

30 year fixed FHA:        3.875% – .87 points (4.74% APR),     4.125% – 0 points (4.82% APR)

15 year fixed FHA:        3.75% – .99 points (4.25% APR),     4.125% – 0 points (4.42% APR),    

30 year fixed VA:        3.75% – .99 points (3.95% APR),     4.125% – 0 points (4.17% APR)

30 year Fixed Jumbo:     3.875% – .88 points (4.05% APR),     4.125% – 0 points (4.17% APR)

7/1 ARM Jumbo:        3.25% – .91 points (3.44% APR),     3.625% – 0 points (3.66% APR)

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. 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.  September 26th  2017 30 year fixed rates, September 27th 2017 30 year fixed rates, September 28th 2017 30 year fixed rates, September 29th 2017 30 year fixed rates, September 30th 2017 30 year fixed rates, October 1st 2017 30 year fixed rates, October 2nd 2017 30 year fixed rates, October 3rd 2017 30 year fixed rates.

WEEKLY RATE – Rates Reverse Course

WEEKLY RATE – Rates Go Deeper Into 2017 Lows

WEEKLY RATE – Rates Go Deeper Into 2017 Lows

Interest rates dove deeper into their lowest levels of 2017 and the lowest levels since November 2016.

Tension between North Korea and the United States is causing some investors to push funds into the safety of the bond market, which is certainly helping interest rates at the moment.  That being said, there is not much room for substantial improvement without a major event as the market is trading at the top of it’s average range.

The Mortgage Backed Security (MBS) market ended last week trading up + 6 bps, and closed Tuesday up + 40 bps.

Moving forward, September could be a volatile month for markets.  The geopolitical events of international conflict and natural disasters in the US will continue to affect the market and interest rates.  Congress is now back in session and one of the first items on the agenda will be increasing the debt ceiling and avoiding a government shut down.  How close the government comes to being shut down will affect markets.  Many central banks across the globe will be releasing policy statements this month and the FED may start cutting it’s budget. 

It’s shaping up to be an eventful month for financial markets and interest rate pricing.

Have an amazing week and we’re always available if you need help with a new home loan purchase or refinance. 

teamgreen@fairwaymc.com

Jenn Patel / Senior Loan Officer:  480-818-3769

Reggie Green / Branch Manager:  480-206-5577

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

 

 

 

 

 

 

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

 

 

 

 

 

 

 

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:       3.875% – .65 points (4.00% APR),       3.99% – 0 points (4.05% APR),    4.25% – $0 costs (4.25% APR)

20 year fixed:       3.625% – .6 points (3.74% APR),     3.875% – 0 points (3.99% APR),  4.125% – $0 costs (4.125% APR)

15 year fixed:        3.25% –  .76 points (3.37% APR),        3.5% – 0 points (3.57% APR),     3.75% – $0 costs (3.75% APR)

5/1 ARM:        3.25% – .8 points (3.36% APR),      3.75% – 0 points (3.79% APR)    

30 year fixed FHA:        3.75% – .99 points (4.65% APR),      4.125% – 0 points (4.82% APR),     4.5% – $0 costs (outside of FHA Fee) (5.2% APR)

15 year fixed FHA:        3.625% – .99 points (4.12% APR),      3.99% – 0 points (4.29% APR),    

30 year fixed VA:        3.75% – .9 points (3.95% APR),     3.99% – 0 points (4.06% APR),     4.5% – $0 costs (4.5% APR)

30 year Fixed Jumbo:     3.75% – .86 points (3.92% APR),      4.0% – 0 points (4.05% APR),        

7/1 ARM Jumbo:        3.125% – .71 points (3.24% APR),      3.375% – 0 points (3.4% APR)

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.  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.  September 5th  2017 30 year fixed rates, September 6th 2017 30 year fixed rates, September 7th 2017 30 year fixed rates, September 8th 2017 30 year fixed rates, September 9th 2017 30 year fixed rates, September 10th 2017 30 year fixed rates, September 11th 2017 30 year fixed rates, September 12th 2017 30 year fixed rates.

WEEKLY RATE – Rates Go Deeper Into 2017 Lows

WEEKLY RATE – Interest Rates Reverse Course and Improve

WEEKLY RATE – Interest Rates Reverse Course and Improve

After moving up much of the prior week and a half, mortgage interest rates found some positive momentum, improving 5 of the last 7 days.

The Mortgage Backed Security (MBS) market closed last week up + 34 bps and is trading this week up + 39 bps.  The bond markets trading up is a positive for interest rates.

Most investor eyes this week are on the announcement by the European Central Bank on Thursday.  The main topic of interest is how far away the Bank is from tapering it’s balance sheet.  I expect rate pricing to moderately improve before the announcement but the actual announcement is a high risk event.

Even if the announcement is seen as a positive for interest rates, I don’t see rates moving a ton lower than current levels without a major stock market correction or an unforeseen event that moves markets.  That being said, most indicators are that the stock market is over valued at the moment so a correction is not out of the question.

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

TEAMGREEN@FAIRWAYMC.COM

Jenn Patel / Senior Loan Officer:  480-818-3769

Reggie Green / Branch Manager:  480-206-5577

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:

 

 

 

 

 

 

 

Fairway is a top 10 retail lender in the country based on funded volume.  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. 

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

TODAY’S INTEREST RATES:

30 year fixed:       3.99% – .86 points (4.16% APR),       4.25% – 0 points (4.28% APR),    4.375% – $0 costs (4.375% APR)

20 year fixed:       3.875% – .53 points (3.98% APR),     3.99% – 0 points (4.1% APR),  4.25% – $0 costs (4.25% APR)

15 year fixed:        3.25% –  1 point (3.45% APR),        3.625% – 0 points (3.767% APR),     3.99% – $0 costs (3.99% APR)

5/1 ARM:        3.375% – 1 point (3.57% APR),      3.875% – 0 points (3.99% APR)    

30 year fixed FHA:        3.875% – .9 points (4.75% 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 (4.125% APR),      4.0% – 0 points (4.3% APR),    

30 year fixed VA:        3.875% – .9 points (4.05% APR),     4.25% – 0 points (4.29% APR),     4.5% – $0 costs (4.5% APR)

30 year Fixed Jumbo:     3.875% – 1 point (4.07% APR),      4.125% – 0 points (4.18% APR),        

7/1 ARM Jumbo:        3.125% – .99 points (3.32% APR),      3.5% – 0 points (3.55% APR)

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.  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.  Team Green.  Reggie Green.  FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage.  July 19th  2017 30 year fixed rates, July 20th 2017 30 year fixed rates, July 21st 2017 30 year fixed rates, July 22nd 2017 30 year fixed rates, July 23rd 2017 30 year fixed rates, July 24th  2017 30 year fixed rates, July 25th 2017 30 year fixed rates, July 26th 2017 30 year fixed rates.

WEEKLY RATE – Interest Rates Reverse Course and Improve

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 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 – Interest Rates Go Down Amid Choppy Week

WEEKLY RATE – Interest Rates Go Down Amid Choppy Week

Rates were very choppy last week.

Interest rates saw some great improvement on Monday.  Then they went up a lot on Tuesday and Wednesday.  Then back down slowly Thursday through Tuesday of this week.

As the dust cleared, rate pricing improved slightly with volatility likely to continue. 

There are a couple of events to round out the week that could have a big impact on rates.  The FED will make an interest rate decision on Wednesday.  Most market watchers don’t expect the FED to raise the Federal Funds Rate at this meeting.  

On Friday, the US Non Farm Payroll and Unemployment percentage numbers will be released along with possible revisions to earlier estimates.  This is usually one of the most significant reports in shaping rate pricing for the coming month. 

For a free email 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:       4.125% – .8 points (4.29% APR),       4.375% – 0 points (4.4% APR)

20 year fixed:       4.0% – .4 points (4.08% APR),     4.125% – 0 points (4.16% APR)

15 year fixed:        3.375% –  .85 points (3.55% APR),        3.625% – 0 points (3.66% APR)

10 year fixed:        3.25% – .77 points (3.38% APR),      3.625% – 0 points (3.67% APR)

5/1 ARM:        3.125% – .99 points (3.31% APR),      3.625% – 0 points (3.67% APR)

7/1 ARM:       3.375% – .77 points (3.51% APR),     3.75% – 0 points (3.79% APR)

30 year fixed FHA:        3.75% – .61 points (4.57% APR),      3.875% – 0 points (4.57% APR)

15 year fixed FHA:        3.5% – .74 points (3.65% APR),      3.75% – 0 points (3.78% APR)

30 year fixed VA:        3.75% – .86 points (3.92% APR),     4.0% – 0 points (4.05% APR)

todays-interest-rates-january-31st-2017

Today’s Mortgage Interest Rates.  Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, Colorado, Washington, and Virginia.  Arizona Home Loans, California Home Loans, Colorado Home Loans, Washington Home loans, Virginia Home Loans.  Arizona refinance, California refinance, Colorado refinance.  Scottsdale, Arizona Mortgage Banker in McCormick Ranch.  McCormick Ranch Loan Officer.  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.  January 31st 2017 30 year fixed rates, February 1st 2017 30 year fixed rates, February 2nd 2017 30 year fixed rates, February 3rd 2017 30 year fixed rates, February 4th 2017 30 year fixed rates, February 5th 2017 30 year fixed rates, February 6th 2017 30 year fixed rates.

Weekly Rate – Rates Go Down Amid Choppy Week

WEEKLY RATE – Rates Improve Before the New Year, Likely to Move Back Up

WEEKLY RATE – Rates Improve Before the New Year, Likely to Move Back Up

Finally, mortgages got some good news with interest rates improving some in the week before New Year’s. 

The Mortgage Backed Security (MBS) market improved 3 of the 4 days and ended the week trading up + 91 bps.  Unfortunately, this is probably a short term improvement as traders strategically parked their investments in safer bonds with the lack of trading in the last week before New Year’s. 

Lock them in as I expect rates to continue to rise in 2017.

For a free email 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:       4.125% – .78 points (4.28% APR),       4.25% – 0 points (4.3% APR)

20 year fixed:       3.875% – .66 points (4.0% APR),     4.0% – 0 points (4.05% APR)

15 year fixed:        3.375% –  .95 points (3.52% APR),        3.625% – 0 points (3.68% APR)

10 year fixed:        3.25% – .78 points (3.41% APR),      3.5% – 0 points (3.54% APR)

5/1 ARM:        3.25% – .99 points (3.45% APR),      3.75% – 0 points (3.8% APR)

7/1 ARM:       3.5% – .92 points (3.69% APR),     3.875% – 0 points (3.9% APR)

30 year fixed FHA:        3.75% – .28 points (4.5% APR),      3.875% – 0 points (4.57% APR)

15 year fixed FHA:        3.5% – .65 points (3.93% APR),      3.75% – 0 points (4.05% APR)

30 year fixed VA:        3.75% – .53 points (3.85% APR),     3.875% – 0 points (3.9% APR)

todays-interest-rates-january-2nd-2017

Today’s Mortgage Interest Rates.  Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, Colorado, Washington, and Virginia.  Arizona Home Loans, California Home Loans, Colorado Home Loans, Washington Home loans, Virginia Home Loans.  Arizona refinance, California refinance, Colorado refinance.  Scottsdale, Arizona Mortgage Banker in McCormick Ranch.  McCormick Ranch Loan Officer.  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.  January 2nd 2016 30 year fixed rates, January 3rd 2016 30 year fixed rates, January 4th 2016 30 year fixed rates, January 5th 30 year fixed rates, January 6th 2016 30 year fixed rates, January 7th 2016 30 year fixed rates, January 8th 2016 30 year fixed rates.

WEEKLY RATE – Rates Improve Before the New Year, Likely to Move Back Up

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