Fairway Independent Mortgage McCormick Ranch

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 – Fannie Mae Increases Debt To Income Ratio Limit to 50%

WEEKLY RATE – Fannie Mae Increases Debt To Income Ratio Limit to 50%

The big news this week is Fannie Mae’s implementation of DU version 10.1.

With DU 10.1, more borrowers will be able to qualify for a Fannie Mae conventional mortgage.

The most notable change is the increased max debt to income ratio to 50%.

 

 

 

 

 

 

 

 

 

 

If you were unable to qualify for a loan in the past due to debt to income ratio, please reach out to us. We would love the opportunity to look into this again for you.

Other notable changes are:

  • Easier approval for borrowers with disputed credit tradelines
  • ARM LTVs up to 95%
  • More self employed borrowers will be approved to use 1 year tax returns
  • Time Shares will no longer to be considered mortgages

 

Interest Rates Continue in Narrow Range Close to 2017 Lows

Interest rates continued to trade in a narrow range at or close to the lowest levels of 2017.

The Mortgage Backed Security Market closed last week trading up + 22 bps. Currently, well qualified borrowers are still able to get a rate in the 3%’s for less than a point.

I expect rates to continue in this narrow range for the time being barring an unforeseen event.

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 at 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% – .73 points (4.15% APR),       4.125% – 0 points (4.18% APR),   4.375% – $0 costs (4.375% APR)

20 year fixed:       3.75% – .85 points (3.86% APR),     3.99% – 0 points (4.05% 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),     3.99% – $0 costs (3.99% APR)

5/1 ARM:        3.5% – .94 points (3.69% APR),     3.875% – 0 points (3.99% APR)    

30 year fixed FHA:        3.875% – .99 points (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% – .91 points (4.23% APR),     4.125% – 0 points (4.42% 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:     4.0% – .53 points (4.1% APR),     4.125% – 0 points (4.18% APR),        

7/1 ARM Jumbo:        3.25% – .96 points (3.44% 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.  August 8th  2017 30 year fixed rates, August 9th 2017 30 year fixed rates, August 10th 2017 30 year fixed rates, August 11th 2017 30 year fixed rates, August 12th 2017 30 year fixed rates, August 13th  2017 30 year fixed rates, August 14th 2017 30 year fixed rates, August 15th 2017 30 year fixed rates.

WEEKLY RATE – Fannie Mae Increases Debt To Income Ratio Limit to 50%

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

TEAM GREEN Presents: Fairway Independent Mortgage – McCormick Ranch

Proud to announce that Team Green has officially opened our new mortgage branch in the McCormick Ranch and Gainey Ranch area of Scottsdale, Arizona.

Fairway Independent Mortgage Corporation – McCormick Ranch

7702 East Doubletree Ranch Road, Suite 300

Scottsdale, AZ, 85258

We currently at a temporary location, but we have an offer in and hope to have a permanent location soon.  McCormick Ranch and Gainey Ranch borrowers and realtors, we’d love the opportunity to meet and work with you.  We are the neighborhood lenders.


Introducing Fairway Independent Mortgage’s Doctor Home Loan Program

Introducing Fairway Independent Mortgage’s Doctor Home Loan Program

Calling all Doctors wanting a mortgage specifically designed for them.  Introducing Fairway Independent Mortgage Corporation’s Doctor Home Loan Program. 

Please call Team Green for all your home financing needs:

TEAM GREEN – 480-206-5577, teamgreen@fairwaymc.com


-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.

Introducing Fairway Independent Mortgage’s Doctor Home Loan Program

 

 

 

 

 

 

John McNulty Testimonial – Team Green

Honored to get this awesome review from John McNulty.  Thanks so much for the opportunity to work for you, your wife Jennifer, and your Mother in Law Margaret. 

I hope Margaret gets better soon and can move into your new home.

-Reg

JOHN MCNULTY TESTIMONIAL

Thinking of using Reggie Green? Let me tell you my story of how he helped
me.
In 2017 I was in the process of building a home with an “in law suite” so my
mother in law (who was battling cancer at the time and couldn’t live on her
own anymore). I needed to use the builder’s lender to take advantage of the
the $17,000.00 in incentives which they offered. During the time the home was
being built the lender consistently told me that I was totally qualified and had
nothing to worry about.
I sold my house, moved into a hotel with my family and planned to be there for
1 weekend. 4 days before I was to close the lender left me a “voicemail”
stating “sorry but we are not able to do the loan” and did not even provide an
any alternative solution. I now found my family and I homeless and hotel
hopping.
I have worked with Reggie in the past and immediately called him and asked if
he could help me.
Long story short, Reggie was able to qualify us, closed the loan and get us into
our new home within 10 days.
Being a realtor myself and working with Reggie in the past, I’ve seen him close
loans no one else could.
If your looking a professional, honest lender who will help you with all your
needs and answer all of your questions then Reggie Green at Fairways
Mortgage is the only lender to turn to.
Thanks for all of your help Reggie!

Sincerely,
John McNulty

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