Fairway Mortgage Arizona

WEEKLY RATE – RATES MAKE MOVE HIGHER

WEEKLY RATE – Rates Make Move Higher

After hitting the lowest levels of the year on Tuesday, September 5th, mortgage interest rates have steadily risen.

The Mortgage Backed Security (MBS) market closed the past 5 days down – 20 bps. Not a drastic movement higher, but enough to move interest rates off their recent lows.

With UN Sanctions on North Korea, investors are moving their safety investment in bonds to securities. Also, Hurricane Irma’s damage was thought to be a 100 billion dollar hit against insurance companies. Those estimates have been revised to 20 – 40 billion, pushing insurance company stocks higher.

The stock market moving up is bad for interest rates and has been responsible for the recent rise in rates. Whenever you see a low in interest rate pricing, it’s smart to take advantage of it. Rate pricing is typically only down for a day or two and most consumers miss it.

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% – .96 points (4.07% APR),       4.125% – 0 points (4.17% APR),   4.375% – $0 costs (4.375% APR)

20 year fixed:       3.75% – .67 points (3.89% APR),     3.875% – 0 points (3.95% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed:        3.25% –  .82 points (3.41% APR),        3.5% – 0 points (3.58% APR),     3.875% – $0 costs (3.875% APR)

5/1 ARM:        3.25% – .96 points (3.44% APR),     3.75% – 0 points (3.79% APR)    

30 year fixed FHA:        3.875% – .87 points (4.74% APR),     4.125% – 0 points (4.82% APR),     4.5% – $0 costs (outside of FHA Fee) (5.2% APR)

15 year fixed FHA:        3.75% – .99 points (4.25% APR),     3.99% – 0 points (4.29% APR),    

30 year fixed VA:        3.75% – .99 points (3.95% APR),     4.0% – 0 points (4.06% APR),     4.5% – $0 costs (4.5% APR)

30 year Fixed Jumbo:     3.75% – .99 points (3.95% APR),     4.0% – 0 points (4.05% APR),        

7/1 ARM Jumbo:        3.125% – .9 points (3.31% 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, Fairway Independent Mortgage McCormick Ranch,  Team Green.  Reggie Green.  FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage.  September 12th  2017 30 year fixed rates, September 13th 2017 30 year fixed rates, September 14th 2017 30 year fixed rates, September 15th 2017 30 year fixed rates, September 16th 2017 30 year fixed rates, September 17th 2017 30 year fixed rates, September 18th 2017 30 year fixed rates, September 19th 2017 30 year fixed rates.

WEEKLY RATE – RATES MAKE MOVE HIGHER

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WEEKLY RATE – Rates Hit 2017 Lows

WEEKLY RATE – Rates Hit 2017 Lows

Interest rates trended down last week, ending at the lowest levels we’ve seen in 2017 and since November of 2016. 15, 20 and 30 Year Fixed rates are entrenched well in the 3%’s.

Now is a great time to reevaluate your mortgage to see if you can save money through a refinance. We can put together refinance options quickly on the phone or by having you answer a few simple questions on our website.

There is not a ton of interest rate news this week until Friday, when the heavy weights of the economy meet in Jackson Hole.

PRODUCT SPOTLIGHT – Down Payment Assistance Programs

 

 

 

 

Down payment assistance non repayable grants are available in many states and counties. We specialize in the Arizona Down Payment assistance programs Home Plus and Home in 5, but we also offer down payment assistance programs in other states when they are available.

The main tenets of down payment assistance are when a borrower qualifies with credit and income but does not have (or does not want to use) money for a down payment. Most programs are non repayable grants where your regular 3 to 3.5% down payment requirement are paid for through the grant.

To qualify, you typically have to have a credit score in the mid 600’s or above and we have to get your debt to income ratio to 45% or below.

If you are wanting to buy a home, but haven’t saved or don’t want to use your money for a down payment – please give us a call. We can let you know the same day whether you are eligible for down payment assistance and what grants may be available to you.

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.  Fairway Independent Mortgage is a top 5 retail lender in the United States.

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 (4.07% APR),       4.125% – 0 points (4.17% APR),   4.375% – $0 costs (4.375% APR)

20 year fixed:       3.625% – .99 points (3.82% APR),     3.875% – 0 points (3.99% APR), 4.125% – $0 costs (4.125% APR)

15 year fixed:        3.25% –  .89 points (3.44% APR),        3.625% – 0 points (3.67% APR),     3.875% – $0 costs (3.875% APR)

5/1 ARM:        3.25% – .96 points (3.44% APR),     3.75% – 0 points (3.79% APR)    

30 year fixed FHA:        3.875% – .97 points (4.77% APR),     4.25% – 0 points (4.92% 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:        3.875% – .77 points (4.02% APR),     4.125% – 0 points (4.17% APR),     4.5% – $0 costs (4.5% APR)

30 year Fixed Jumbo:     3.875% – .5 points (3.97% APR),     4.0% – 0 points (4.05% APR),        

7/1 ARM Jumbo:        3.125% – .98 points (3.31% APR),     3.5% – 0 points (3.54% APR)

Weekly Rate – Rates Hit 2017 Lows

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%

TEAM GREEN TESTIMONIAL:

Team Green Testimonial.
Thanks again for your business and the great testimonial David. Congratulations on your new home. Thanks to my awesome team who gets the loan closed and keeps the client updated through out the process. #teamgreen, #fairwaymortgagemccormickranch.
I would without any reservations recommend Reggie’s team to anyone looking to buy, refi, or any other home financial needs. Reggie has put together an impeccable team of experts that I had the pleasure to work with. Reggie, Jennifer and Jolyn walk you through the whole process and respond to questions immediately. They are genuine, professional and fun to work with. Their knowledge of the home financial industry is the best I have encountered. Reggie’s spirit is infectious. He’s very compassionate about his clients. Thank you Reggie for all your help. Oh and thanks to the Maricopa Sheriff and Buckeye Fire Departments for rescuing me..without them Reggie may have been missing a client.

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

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


 

WEEKLY RATE – INTEREST RATES CONTINUE TO TREND HIGHER

WEEKLY RATE – Interest Rates Continue to trend higher

Mortgage interest rates continued to trend higher last week and into this.

Last week was choppy with some small improvement after April’s US Non Farm Payroll report. The Mortgage Backed Security (MBS) market still ending the week trading down -13 bps. MBS is still trending down this week trading – 21 bps through Tuesday evening.

With a likely FED rate increase in June, I see no reason in floating at this time. The lower rate pricing we saw in parts of April were mainly due to Geopolitical concerns.

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:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:       4.125% – .73 points (4.2% APR),       4.25% – 0 points (4.3% APR),   4.5% – $0 costs (4.5% APR)

20 year fixed:       3.875% – .91 points (4.03% APR),     4.125% – 0 points (4.06% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed:        3.375% –  .98 points (3.55% APR),        3.75% – 0 points (3.69% APR),     3.99% – $0 costs (3.99% APR)

7/1 ARM:        3.625% – .92 points (3.7% APR),     4.0% – 0 points (3.93% APR)    

30 year fixed FHA:        3.875% – 1 point (4.74% APR),     4.25% – 0 points (4.82% APR),     4.375% – $0 costs (outside of FHA Fee) (5.1% APR)

15 year fixed FHA:        3.625% – 1 point (4.09% APR),     3.875% – 0 points (4.27% APR)  

30 year fixed VA:        3.875% – .93 points (4.00% APR),     4.25% – 0 points (4.2% APR),     4.375% – $0 costs (4.37% APR)

30 year Fixed Jumbo:     4.125% – .62 points (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 CONTINUE TO TREND HIGHER

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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