Janet Yellen

WEEKLY RATE – TABLE IS SET FOR HIGHER RATES

WEEKLY RATE – TABLE IS SET FOR HIGHER RATES

Interest rate pricing had a bad week.

The Mortgage Backed Security (MBS) market closed down heavily 3 of the 5 days, finishing the week closing down – 54 bps.

More importantly, the table is set for potential rapid rate increases.

The Senate passed the budget, opening the door for a Trump tax reform coming. Lower taxes are looked upon favorably by stocks, but the bond and rate markets typically move in a opposite direction. If tax reform causes stocks to continue their rapid incline, rates will be hurt with less interest in bonds.

There is also speculation that Janet Yellen (generally having been favorable for low interest rate pricing) may not be the next FED Chair.

The table is set and the potential is there for rapid rate increases in the future. Lock your rates. Don’t wait on the sidelines hoping rates will drop again.

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

TODAY’S INTEREST RATES:

30 year fixed:       3.99% – .99 points (4.2% APR),       4.25% – 0 points (4.29% APR)

20 year fixed:       3.875% – .7 points (4.01% APR),     4.125% – 0 points (4.17% APR)

15 year fixed:        3.5% –  .86 points (3.67% APR),        3.75% – 0 points (3.79% APR)

5/1 ARM:        3.375% – .99 points (3.57% APR),     3.875% – 0 points (3.92% APR)    

30 year fixed FHA:        3.99% – .99 points (4.9% APR),     4.375% – 0 points (5.07% APR)

15 year fixed FHA:        3.875% – .99 points (4.37% APR),     4.125% – 0 points (4.42% APR),    

30 year fixed VA:        3.99% – .8 points (4.15% APR),     4.375% – 0 points (4.41% APR)

30 year Fixed Jumbo:     4.0% – .85 points (4.17% APR),     4.25% – 0 points (4.29% APR)

7/1 ARM Jumbo:        3.375% – .86 points (3.55% APR),     3.625% – 0 points (3.67% APR)

MORTGAGE QUOTE / APPLY FOR HOME LOAN:

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:

 

 

 

 

 

 

 

Team Green is a top 1% originating mortgage team in the country. Everyone on our team has over 13 years of mortgage lending experience.

My team treats every transaction as an audition to earn your business for the rest of your life.

Have an amazing week and we’re always available if you need help with a purchase loan or refinance.

TEAM GREEN LINE: 480-704-4890

TEAMGREEN@FAIRWAYMC.COM

Reggie Green, Team Green, and Fairway Independent Mortgage in Scottsdale, Arizona, McCormick Ranch, Fairway Independent Mortgage McCormick Ranch is 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.  October 23rd, 2017 30 year fixed rates, October 24th 2017 30 year fixed rates, October 25th 2017 30 year fixed rates, October 26th 2017 30 year fixed rates, October 27th 2017 30 year fixed rates, October 28th 2017 30 year fixed rates, October 29th 2017 30 year fixed rates, October 30th 2017 30 year fixed rates.

WEEKLY RATE – TABLE IS SET FOR HIGHER RATES

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LOWEST INTEREST RATES IN OVER 2 MONTHS

LOWEST INTEREST RATES IN OVER 2 MONTHS

February 3rd, 2014

Interest rates are on quite the hot streak with weakness in global equity markets causing investors to seek the safety of Mortgage Backed Securities. The DOW Jones is down over 5% on the year, and the MBS market has closed better each week in 2014.

DOW

Last week the MBS market closed + 39 bps on the week – improving rate pricing about .25 pts over the previous week.

The fascinating part of this recent rate down turn is the FED has continued to taper their stimulus and interest rates are still improving. On Wednesday, the FED announced another 10 million drop in asset purchasing and Janet Yellen officially took over for Ben Bernanke heading the FEDERAL RESERVE BOARD. The FED tapering is hurting the stock market, which in turn is helping interest rates. It appears the market did so much in 2013 to brace for the FED tapering, that when it actually happened, the increase in rates was already accounted for.

Janet Yellen

We now mark the 5th week in a row rates have improved. The improvement has been very gradual with no huge drop in rates in any week. I think we are bound to get a pull back soon, and I recommend taking these gains and locking in. Rates are at their lowest levels since November 20th.

This week is employment report week. The January jobs report will be released on Friday morning. The report typically causes a lot of rate volatility and shapes where interest rates will go over the next month. The December employment report was substantially below expectations which has helped interest rates so far in 2014.

Have a great week!!

BEST VALUE OF THE WEEK:

20 Year Fixed at 4.125% with 0 points

10 Year Fixed at 3.125% with 0 points

TODAY’S RATES:

30 year fixed:      4.25% – .73 points,      4.5% – 0 points,       4.625% – $0 costs

20 year fixed:      4% – .7 points,       4.125% – 0 points,       4.25% – $0 costs

15 year fixed:       3.375% – .44 points,       3.5% – 0 points,       3.625% – $0 costs

10 year fixed:       3% – .51 points,        3.125% – 0 points,        3.5% – $0 costs

5/1 ARM:       2.75% – 1 point,        3.125% – 0 points,        3.5% – $0 costs

7/1 ARM:      3.125% – .92 points,      3.375% – 0 points,      3.625% – $0 costs

30 year fixed FHA:       3.75% – .35 points,       3.875% – 0 points,       4.125% – $0 costs

15 year fixed FHA:      3.25% – 0 points,      3.5% – $0 costs

30 year fixed VA:      3.75% – .29 points,       3.875% – 0 points,       4.125% – $0 costs

Today's Interest Rates - February 3rd, 2014

Today’s Mortgage Interest Rates. February 3rd 2014 30 year fixed rates, February 4th 2014 30 year fixed rates, February 5th 2014 30 year fixed rates, February 6th 2014 30 year fixed rates, February yth 2014 30 year fixed rates, February 8th 2014 30 year fixed rates, February 9th 2014 30 year fixed rates, February 10th 2014 30 year fixed rates.  Scottsdale, Arizona Mortgage Banker.  Arizona home loan rates.  California Home loan rates,  Colorado home loan rates.  McCormick Ranch Mortgage Direct Lender.  FED taper January 29th, 2014.

LOWEST INTEREST RATES IN OVER 2 MONTHS

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