Fairway Independent Mortgage

WEEKLY RATE – Interest Rates Rise in Anticipation of FED Raising Rates on Wednesday

WEEKLY RATE – Interest Rates Rise in Anticipation of FED raising rates on Wednesday

After hitting 7 month lows the previous week, mortgage interest rate pricing has slowing increased in anticipation of the Federal Reserve Board raising the Federal Funds rate .25% on Wednesday, June 14th.

The economy has slowly been improving with incremental job growth and another drop in the unemployment rate. Inflation has also stabilized.

The Mortgage Backed Security Market (MBS) closed last week trading down – 20 bps and has started this week trading down -17 bps. Pushing interest rates off their lows but still very good with the ability for a well qualified borrower to get a 30 year fixed rate in the 3%’s with less than a point.

Here at Fairway, we have a lot of unconventional products that may fit your needs if you don’t qualify in the agency box.

Some of the popular unconventional products we offer are:

-Early Access programs that allow you to lend with lower seasoning periods after a Bankruptcy, Foreclose, or Short Sale than Conventional, FHA, and VA.

-High Debt to income ratio non conventional products

-Non Warrantable condo loans

-Down payment assistance products – buy a new home without a down payment

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 the right or click below:

 

 

 

 

 

 

WWW.FREEMORTGAGEQUOTE.BIZ

To apply for a refinance or home purchase loan, please call me or click below:


 

 

 

 

 

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. 

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

TODAY’S INTEREST RATES:

30 year fixed:       3.99% – .66 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 Rise in Anticipation of FED Raising Rates on Wednesday

 

Testimonial Tuesday – Team Green

TESTIMONIAL TUESDAY – TEAM GREEN

Thank you for the awesome review Ken.   Congratulations on your new home and we truly appreciate the opportunity to work on your home loan. 

If you would like to apply or get prequalified for a new home loan, please click APPLY NOW.


 

 

 

If you would like to get a FREE MORTGAGE QUOTE – please answer 6 questions here:  WWW.FREEMORTGAGEQUOTE.BIZ


 

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

 

 

 

 

 

 

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

%d bloggers like this: