Fairway Arizona

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

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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

Green Unit – Meet the Team

GREEN UNIT – MEET THE TEAM

Green Unit – Meet the Team.

 

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

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