Current mortgage interest rates

WEEKLY RATE – INTEREST RATES REMAIN STABLE

WEEKLY RATE – Interest Rates Remain Stable

Interest rates continue to ebb and flow, but remain remarkably consistent when looking at rate pricing over a week or longer period.

30 Year Fixed rates are still sticking in the high 3%’s with less than a point and 4.125% at 0 points.

The Mortgage Backed Security (MBS) market closed last week up + 30 bps, and is trading down – 20 bps so far this week. Some ups and downs, but very consistent and stable

I expect rates to continue in this fashion until at least the next FED meeting.

PRODUCT SPOTLIGHT – Early Access Product

We have a great product that allows home owner’s to refinance or purchase without waiting the long periods required by Conventional, FHA, and VA.

We see it every day where consumers want to buy above the FHA loan limit, but had a foreclosure within the past 7 years. Conventional loans require a full 7 years out of foreclosure before qualifying for a Fannie Mae/Freddie Mac mortgage.

The Early Access product is a great solution to finance now with the goal to switch to a conventional loan down the line.

Below are some of the details of this great product:

620+ credit score required

85% LTV or less

43% Debt to Income Ratio or less

Primary, Vacation and Investment Homes

Gift funds permitted

Cash out loans permitted

If you have been having a hard time getting financing due to a recent foreclosure, short sale, or bankruptcy. Please give us a call. We would love the opportunity to help!!

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:

 

 

 

 

 

 

 

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% – .68 points (4.12% APR),       4.125% – 0 points (4.16% 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% –  .97 points (3.44% APR),        3.625% – 0 points (3.76% APR),     3.875% – $0 costs (3.875% APR)

5/1 ARM:        3.5% – .94 points (3.69% APR),     4.0% – 0 points (4.06% APR)    

30 year fixed FHA:        3.875% – .99 points (4.77% APR),     4.125% – 0 points (4.82% APR),     4.625% – $0 costs (outside of FHA Fee) (5.32% APR)

15 year fixed FHA:        3.75% – .91 points (4.23% APR),     4.0% – 0 points (4.3% APR),    

30 year fixed VA:        3.875% – .86 points (4.04% APR),     4.125% – 0 points (4.17% 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:        3.25% – .83 points (3.42% APR),     3.5% – 0 points (3.57% 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.  August 16th  2017 30 year fixed rates, August 17th 2017 30 year fixed rates, August 18th 2017 30 year fixed rates, August 19th 2017 30 year fixed rates, August 20th 2017 30 year fixed rates, August 21st  2017 30 year fixed rates, August 22nd 2017 30 year fixed rates, August 23rd 2017 30 year fixed rates.

WEEKLY RATE – INTEREST RATES REMAIN STABLE

WEEKLY RATE – INTEREST RATES HOVERING AT RECENT HIGHS

WEEKLY RATE – Interest Rates Hovering At Recent Highs

It’s true, mortgage rates have drifted higher but since rates have moved in such a narrow range since January, rates aren’t really much higher than they have been.

On Friday, mortgage interest rates were fluctuating near 3 month highs, but were only about .125% higher than the 8 month low.  So the trade range has been narrow. 

Last week the Mortgage Backed Security Market (MBS) closed the week -26 bps.  This week, we are finally getting some positive traction with the MBS market trading up + 9 bps on Mondya and + 13 bps as of Tuesday morning.

Currently, most borrowers will have to pay slightly over a point to get in the 3%’s on a 30 year fixed conventional loan.  And slightly less than a point to get a 4.125%. 

I expect rates to continue in this narrow range barring an unforeseen event.

As always, have an amazing week and I’m always available if you need help with a new home loan purchase or refinance.  teamgreen@fairwaymc.com ; 480-206-5577. 

For a no obligation mortgage quote, please answer questions on right of webpage 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:       4.125% – .74 points (4.27% APR),       4.25% – 0 points (4.29% APR),    4.5% – $0 costs (4.5% APR)

20 year fixed:       3.875% – 1 point (4.07% APR),     4.125% – 0 points (4.17% APR),  4.25% – $0 costs (4.25% APR)

15 year fixed:        3.375% –  1 point (3.57% APR),        3.75% – 0 points (3.79% APR),     4.125% – $0 costs (4.125% APR)

5/1 ARM:        3.5% – .99 points (3.7% APR),      3.875% – 0 points (4.07% APR)    

30 year fixed FHA:        3.875% – 1 point (4.77% APR),      4.25% – 0 points (4.95% APR),     4.625% – $0 costs (outside of FHA Fee) (5.32% APR)

15 year fixed FHA:        3.75% – 1 point (4.25% APR),      4.125% – 0 points (4.42% APR),    

30 year fixed VA:        4.0% – .79 points (4.15% APR),     4.25% – 0 points (4.29% APR),     4.5% – $0 costs (4.54% APR)

30 year Fixed Jumbo:     4.0% – 1 point (4.2% APR),      4.25% – 0 points (4.29% APR),        

7/1 ARM Jumbo:        3.375% – .83 points (3.54% APR),      3.625% – 0 points (3.69% 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 11th  2017 30 year fixed rates, July 12th 2017 30 year fixed rates, July 13th  2017 30 year fixed rates, July 14th 2017 30 year fixed rates, July 15th 2017 30 year fixed rates, July 16th  2017 30 year fixed rates, July 17th 2017 30 year fixed rates, July 18th 2017 30 year fixed rates.

WEEKLY RATE – INTEREST RATES HOVERING AT RECENT HIGHS

WEEKLY RATE – Interest Rates Move Up .125%

WEEKLY RATE – Interest Rates Move Up .125%

I hope everyone had a happy and safe 4th of July!!

After floating around 8 month lows the week before, interest rate pricing took a turn for the worse starting on Tuesday of last week. From Tuesday to Monday July 3rd, interest rate pricing increased every day.  See article below from mortgage news daily:

Worst 5 Days For Rates Since The Election

by: Matthew Graham

Jul 3 2017, 1:42PM

Mortgage rates continue rising at an uncomfortable pace for anyone in the market to buy or refinance.  Today was the 5th straight day of quicker-than-average movement higher and it leaves the average lender at the highest levels in nearly 2 months.  

Whether or not this is as dramatic as it sounds depends on your perspective.  While it’s true that the past 5 days have been the worst since the US presidential election, it’s also true that interest rates are just over an eighth of a point higher during that time.  An eighth of a point (.125%) will cost you about 14 bucks a month on a $200k loan.  Alternatively, it would cost you $1200-$1600 in cash to get the rate back down to levels from 5 days ago on the same loan amount.  

For years, lenders have capitalized on the psychology of “monthly payments.”  $14/mo doesn’t sound like too much when it comes to a $200k home loan.  But consider going out of town for a week and coming back to find your closing costs roughly $1400 higher simply to keep the same quote you had last week.  For most, the $1400 upfront cost is the more effective way to communicate the true change in cost.

Bond markets and mortgage lenders will be closed tomorrow for the Independence Day Holiday.  The safest strategy is to assume the current weakness will continue until we see a definitive bounce.  

The Mortgage Backed Security (MBS) market closed last week down -57 bps and closed Monday down another – 13 bps.  Interest rates moved up about .125%.  4.125% is now the lowest rate we can offer for less than a point.

The June US Non Farm Payroll report comes out on Friday. Most experts I read have bearish technicals in regards to rate improvement, so my suggestion is locking rate pricing.

As always, have an amazing week and I’m always available if you need help with a new home loan purchase or refinance. teamgreen@fairwaymc.com ; 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:       4.125% – .66 points (4.25% APR),       4.25% – 0 points (4.28% APR),   4.5% – $0 costs (4.5% APR)

20 year fixed:       3.875% – .98 points (4.07% APR),     4.125% – 0 points (4.17% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed:        3.375% –  .99 points (3.57% APR),        3.75% – 0 points (3.79% APR),     4.125% – $0 costs (4.125% APR)

5/1 ARM:        3.5% – .99 points (3.7% APR),     4.0% – 0 points (4.07% APR)    

30 year fixed FHA:        4.0% – .83 points (4.86% APR),     4.25% – 0 points (4.95% APR),     4.625% – $0 costs (outside of FHA Fee) (5.32% APR)

15 year fixed FHA:        3.75% – .95 points (4.24% APR),     4.125% – 0 points (4.42% APR),    

30 year fixed VA:        4.0% – .95 points (4.19% APR),     4.25% – 0 points (4.29% APR),     4.5% – $0 costs (4.54% APR)

30 year Fixed Jumbo:     4.125% – .56 points (4.23% APR),     4.25% – 0 points (4.3% APR),        

7/1 ARM Jumbo:        3.375% – .81 points (3.53% APR),     3.625% – 0 points (3.67% 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 5th  2017 30 year fixed rates, July 6th 2017 30 year fixed rates, July 7th  2017 30 year fixed rates, July 8th 2017 30 year fixed rates, July 9th 2017 30 year fixed rates, July 10th  2017 30 year fixed rates, July 11th 2017 30 year fixed rates, July 12th 2017 30 year fixed rates.

WEEKLY RATE – Interest Rates Move Up .125%

WEEKLY RATE – Interest Rates Float Around 8 Month Lows

WEEKLY RATE – Interest Rates Float Around 8 Month Lows

Rates and the bond market have stayed in a relatively narrow range for the past month. Interest rates continue to float right around 8 month lows – the lowest levels since before the election.
That being said, prospects for rates moving higher on the horizon is still likely with the FED likely to raise the Federal Funds rate again this year.

The Mortgage Backed Security (MBS) market traded up + 6 bps last week and is trading down – 20 bps so far this week. Currently, a well qualified buyer can get a 30 year fixed rate in the 3%’s with less than a point – a great historical rate.

Fairway Independent Mortgage was again the top funding lender in Maricopa County, Arizona. This is a great accomplishment and I’m proud to work for such a great company. We have a great culture and our products and loan service are fantastic.


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

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


 

 

 

 

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: 3.99% – .67 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 Float Around 8 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 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 – 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

WEEKLY RATE – Interest Rates Hit 2 Week Lows

WEEKLY RATE – Interest Rates Hit 2 Week Lows

Interest rates improved moderately last week and had a great day on Monday.

The Mortgage Backed Security (MBS) market closed last week trading up + 10 bps.  The FED did not raise the Federal Funds rate.  That being said a FED member did say they may raise rates at their March meeting.  In the US Non Farm Payroll report, the job creation numbers were good but wages were not. 

On Monday, rates hit 2 week lows with the MBS market trading way up , + 35 bps on the day.

Rates are still trading in a narrow channel and have remained that way for a month plus.  I expect that to continue.

I do not see rates dropping without something significant happening in the market.  I expect rates to stay in the same area until the FED raises rates again.  Then I expect rates to rise.

For a free email mortgage quote, please answer questions at bottom of email 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:       3.875% – .94 points (4.08% APR),     4.125% – 0 points (4.17% APR)

15 year fixed:        3.375% –  .73 points (3.52% APR),        3.625% – 0 points (3.66% APR)

10 year fixed:        3.25% – .59 points (3.36% APR),      3.5% – 0 points (3.52% APR)

5/1 ARM:        3.125% – .84 points (3.29% APR),      3.5% – 0 points (3.55% APR)

7/1 ARM:       3.25% – .92 points (3.4% APR),     3.625% – 0 points (3.7% APR)

30 year fixed FHA:        3.75% – .54 points (4.55% APR),      3.875% – 0 points (4.57% APR)

15 year fixed FHA:        3.375% – .99 points (3.87% APR),      3.75% – 0 points (4.05% APR)

30 year fixed VA:        3.75% – .79 points (3.91% APR),     4.0% – 0 points (4.03% APR)

todays-interest-rates-february-6th-2016

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.  February 7th 2017 30 year fixed rates, February 8th 2017 30 year fixed rates, February 9th 2017 30 year fixed rates, February 10th 2017 30 year fixed rates, February 11th 2017 30 year fixed rates, February 12th 2017 30 year fixed rates, February 13th 2017 30 year fixed rates.

Weekly Rate – Interest Rates Hit 2 Week Lows

WEEKLY RATE – Rates Improve Slightly

WEEKLY RATE – Rates Improve Slightly

Interest rate pricing improved slightly last week and so far this week.  Overall, pricing is about .25 point lower on costs at each rate.

The Mortgage Backed Security Market (MBS) traded much higher on Thursday (+53 bps), but the market took a hit on Friday when the December US Non Farm Payroll report was released.  Although job creation didn’t meet expectations (this typically helps rates), the November job creation numbers were revised higher and the MBS market traded down -27 bps.

On the week, the MBS market closed up + 12 bps and closed this Monday up + 6 bps.  (good for rates)

So we did see some modest rate pricing improvement.  Long Term outlook is still that rates will slowly move higher.

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% – .5 points (4.22% APR),       4.25% – 0 points (4.29% APR)

20 year fixed:       3.875% – .39 points (3.95% APR),     4.0% – 0 points (4.03% APR)

15 year fixed:        3.375% –  .69 points (3.51% APR),        3.625% – 0 points (3.67% APR)

10 year fixed:        3.125% – 1 point (3.32% APR),      3.375% – 0 points (3.4% APR)

5/1 ARM:        3.25% – .82 points (3.41% APR),      3.625% – 0 points (3.67% APR)

7/1 ARM:       3.375% – .26 points (3.43% APR),     3.75% – 0 points (3.8% APR)

30 year fixed FHA:        3.75% – .26 points (4.5% APR),      3.875% – 0 points (4.57% APR)

15 year fixed FHA:        3.375% – .93 points (3.86% APR),      3.625% – 0 points (3.92% APR)

30 year fixed VA:        3.75% – .51 points (3.85% APR),     3.875% – 0 points (3.9% APR)

todays-interest-rates-january-9th-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 9th 2016 30 year fixed rates, January 10th 2016 30 year fixed rates, January 11th 2016 30 year fixed rates, January 12th 30 year fixed rates, January 13th 2016 30 year fixed rates, January 14th 2016 30 year fixed rates, January 15th 2016 30 year fixed rates.

WEEKLY RATE – Rates Improve Slightly

WEEKLY RATE – Interest Rates See Improvement / Conventional Loan Limits Rise

WEEKLY RATE – Interest Rates See Improvement / Conventional Loan Limits Rise

After a rough few weeks, we are finally seeing some interest rate improvement partially due to worries over oil prices.

The Mortgage Backed Security (MBS) market is trading up + 61 bps this week.

Not a huge improvement and I don’t expect much more, but anything is welcome after rates went up .5% in rapid fashion. 

We have a big week this week with the Unemployment report and US Non Farm Jobs report coming out on Friday.  December is also the month the FED will meet and decide on a possible rate change. 

Rates will likely continue to be very volatile with the new data coming out.

Conventional loan limits are being raised on December 2nd from $417,000 to $424,100.  This is the first change since 2006.  Some higher priced areas will continue to after high balance conventional loans above that.

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:       3.99% – .9 points (4.18% APR),       4.25% – 0 points (4.28% APR)

20 year fixed:       3.875% – .89 points (4.05% APR),     4.0% – 0 points (4.07% APR)

15 year fixed:        3.25% –  .98 points (3.44% APR),        3.5% – 0 points (3.53% APR)

10 year fixed:        3.25% – .35 points (3.31% APR),      3.375% – 0 points (3.4% APR)

5/1 ARM:        3.375% – 1 point (3.57% APR),      3.875% – 0 points (3.9% APR)

7/1 ARM:       3.625% – .79 points (3.79% APR),     4.0% – 0 points (4.05% APR)

30 year fixed FHA:        3.625% – .87 points (4.49% APR),     3.75% – 0 points (4.45% APR)

15 year fixed FHA:        3.375% – .71 points (3.82% APR),      3.625% – 0 points (3.92% APR)

30 year fixed VA:        3.75% – .41 points (3.85% APR),     3.875% – 0 points (3.9% APR)

todays-interest-rates-november-29th-2016

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.  November 29th 2016 30 year fixed rates, November 30th 2016 30 year fixed rates, December 1st 2016 30 year fixed rates, December 2nd 30 year fixed rates, December 3rd 2016 30 year fixed rates, December 4th 2016 30 year fixed rates, December 5th 2016 30 year fixed rates.

WEEKLY RATE – Interest Rates See Improvement / Conventional Loan Limits Rise

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