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.
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
