By Reggie Green, Green Home Loans. 480-206-5577 , reggie@mygreenhomeloans.com
Congratulations on your closing – Patricia Garcia and Emily Duarte
Our team was very grateful working with these two amazing agents on this transaction.
What a quick and seamless process! Always a pleasure working with two fantastic agents.
Congratulations on your closing – Patricia Garcia and Emily Duarte!
#Patriciagarcia, #Realtyexecutives, #Emilyduarte, #Kellerwilliamsphx, #Kellerwilliams, #Chandler, #ChandlerAZ, #Chandlerhomes, #Eastvalleyrealtors, #AZhomes, #AZrealestate, #Heatherstone, #Maricopacounty, #Arizonaliving, #Kyreneschooldistrict #Kyrenedelsureno, #Kyreneaprende, #Tempeunionhighschooldistrict, #PultehomesAZ, #Pulte, #Mortgage, #Mortgageprofessionals, #Homeloans, #Scottsdalemortgagebroker, #AZmortgages, #McCormickranch, #Fairwayindependentmortgage, #Teamgreen
Congratulations on your closing – Patricia Garcia and Emily Duarte
I am on the YPN committee (Young Professionals Network) this year.
We are now accepting applications for 40 under 40.
A 40 under 40 winner is a Scottsdale area realtor that demonstrates business success, professional leadership, community engagement, and industry involvement. Applicant must be under 40 years of age as of May 9th, 2018.
Applicants must submit their own applications with the link below:
https://saar.formstack.com/forms/40under40app_copy
The deadline to submit applications is 4/2 at 5 pm.
A ceremony in honor of the winners will be held at SAAR (Scottsdale Area Association of Realtors) on Wednesday May 9th, 2018.
Good luck to all the applicants.
40 Under 40 Applications – Scottsdale Area Association of Realtors
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
TODAY’S INTEREST RATES
November 26th, 2012
I hope everyone had a happy and safe Thanksgiving!!
Interest rates rose last week with the Mortgage Backed Security market trading down (-53 bps). The stock market has been doing very well recently with optimism that a Fiscal Cliff deal will get done and positive signs from the economy.
I think the stock market is probably overbought a little bit, so I expect some rate improvement this week. On Monday morning, the MBS market is trading up (+22 bps), so rates should improve from their close on Friday. I do not expect a huge change in pricing, but I do predict some movement in a positive direction for interest rates.
The Holidays are usually a popular time to refinance. You always get a 1 month payment deferral on your mortgage, and you get refund from your old escrow account after closing if you impound your taxes and insurance in your payment. I can still get most loans done today by Christmas. If you are interested in lowering your payment and getting some extra cash in your pocket for the Holidays, please call me today.
TODAY’S RATES:
30 year fixed: 3.375% paying .43 points, 3.5% paying 0 points, 3.625% – $0 costs
20 year fixed: 3.25% paying .43 points, 3.375% paying 0 points, 3.5% – $0 costs
15 year fixed: 2.75% paying .46 points, 2.875% paying 0 points, 3.125% – $0 costs
5/1 ARM: 2.125% paying .96 points, 2.5% paying 0 points, 2.75% – $0 costs
7/1 ARM: 2.375% paying .89 points, 2.625% paying 0 points, 2.875%- $0 costs
30 year fixed High Balance Loan: 3.5% paying .61 points; 3.625% – 0 points; 3.75% – $0 costs
30 year fixed FHA: 3.25% – $0 costs
15 year fixed FHA: 2.75% – $0 costs
30 year fixed VA: 3.25% – $0 costs
Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 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 mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.
Today’s Interest Rates.
MORTGAGE RATES INCH HIGHER – 30 YEAR FIXED TO 3.375%
October 8th, 2012
Last week the mortgage backed security market told 2 stories.
The MBS market closed (+ 50 bps) from Monday to Tuesday. This continued the trend of rates dropping since the FED announced QE3. But every positive interest rate streak will eventually end and pull back the other way.
From Wednesday to Friday, the MBS market closed down (– 84 bps), finishing the week (– 34 bps).
The week was capped off with the September unemployment rate dropping from 8.1% to 7.8% with 114,000 new jobs created. There was a lot of controversy regarding the validity of the report – but either way the MBS market had a mini sell off and closed the week down.
Mortgage rates are still very low, but a bit higher than their previous lows. The bond market is closed Monday due to Columbus Day.
I don’t expect a ton of rate movement next week, but I do think rates may improve a bit, taking back some of the losses of last week.
Keep in mind most news websites/channels report when rates drop but not so much when they rise. Rates are always fluctuating until a loan is locked.
My best value of the week:
30 Year Fixed at 3.5% paying 0 points
Below are rates available today paying a point or less:
30 year fixed: 3.375% paying .69 points, 3.5% paying 0 points
20 year fixed: 3.25% paying .79 points, 3.5% paying 0 points
15 year fixed: 2.75% paying .81 points, 3% paying 0 points
5/1 ARM: 2.25% paying .98 points, 2.75% paying 0 points
7/1 ARM :2.5% paying .77 points, 2.75% paying 0 points
30 year fixed High Balance Loan: 3.5% paying .49 points; 3.625% paying 0 points
30 year fixed FHA: 3.25% paying 0 points
15 year fixed FHA: 2.75% paying 0 points
30 year fixed VA: 3.25% paying 0 points
Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 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 mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.
Mortgage Rates Inch Higher – 30 Year Fixed to 3.375%
MORTGAGE RATES SURPASS ALL TIME LOWS WITH THE FED’S 40 BILLION BOND PURCHASE ANNOUNCEMENT:
September 17th, 2012
The MBS market closed last week trading up (+ 28 bps).
The big news happened on Thursday when the FED announced they would purchase 40 Billion in Mortgage Backed Securities per month until the economy improves. This sent the MBS market way up, and mortgage pricing to all time low levels. The MBS market ended up closing + 134 bps on Thursday alone. On Friday and Monday, the Mbs market gave some gains back, closing – 62 bps on Friday, and – 3 bps on Monday.
The elephant in the room is still the Fannie Mae and Freddie Mac guaranteed fee increase. These will be hitting all rate sheets very soon. As a direct lender, my bank has 8 big banks that provide us credit lines in which to fund loans. All but 2 have increased pricing due to the Fannie Mae pricing announcement. The others could happen at any time. That is why I am recommending locking loans as soon as possible to take advantage of where current pricing is before the pricing goes up on all rate sheets.
The risk of waiting is not worth the reward at this point as the market will have to improve by .5 to .625% in costs just to take back the losses as a result of the Guaranteed Fee increase when it goes into effect.
Below are rates available today paying a point or less:
30 year fixed: 3.375% paying .43 point, 3.5% paying 0 points
20 year fixed: 3.25% paying .59 points, 3.375% paying 0 points
15 year fixed: 2.75% paying .65 points, 2.875% paying 0 points
5/1 ARM: 2.25% paying .43 points, 2.5% paying 0 points
7/1 ARM: 2.25% paying .87 points, 2.625% paying 0 points
30 year fixed High Balance Loan: 3.5% paying .36 points, 3.625% paying 0 points
30 year fixed FHA: 3.25% paying 0 points
15 year fixed FHA: 2.75% paying 0 points
30 year fixed VA: 3.25% paying 0 points
Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Arizona Home Loans, California Home Loans, Colorado Home Loans. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 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 mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.
MORTGAGE RATES SURPASS ALL TIME LOWS WITH THE FED’S 40 BILLION BOND PURCHASE ANNOUNCEMENT
MORTGAGE RATES RISE WITH LESS CONCERN OVER EUROPE’S DEBT CRISIS
August 13th, 2012
The MBS market closed last week trading down (-38 bps) and on Monday the MBSmarket closed down ( – 3 bps).
Mortgage rates rose last week as fewer investors are seeking the safety of US Bonds and Mortgage Markets. These markets are technically selling negative – pushing rates up from their previous lows. The general mood on Europe’s monetary situation has improved with optimism that a solution to ease the situation will eventually happen. This optimism causes less demand for mortgage backed securities, pushing the prices lower and rates higher.
I recommend locking as the MBS market technical indicators are in a bear state, indicating that rates could continue to creep higher.
My best value of the week:
30 Year Fixed High Balance Loan at 3.75% with 0 points
Below are rates available today paying a point or less:
30 year fixed: 3.5% paying .24 points, 3.625% paying 0 points
20 year fixed: 3.375% paying .69 points, 3.5% paying 0 points
15 year fixed: 2.75% paying .869 points, 3% paying 0 points
5/1 ARM: 2.25% paying .8 points, 2.5% paying 0 points
7/1 ARM: 2.375% paying .85 point, 2.625% paying 0 points
30 year fixed High Balance Loan: 3.625% paying .43 points, 3.75% paying 0 points
30 year fixed FHA: 3.25% paying 0 points
15 year fixed FHA: 2.75% paying 0 points
30 year fixed VA: 3.25% paying 0 points
Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 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 mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.
MORTGAGE RATES RISE WITH LESS CONCERN OVER EUROPE’S DEBT CRISIS
MORTGAGE RATES REMAIN STABLE – 30 YEAR FIXED AT 3.75%
July 17th, 2012
The MBS market closed last week trading down (-3 bps). Basically a ho-hum week with not a lot of data or change in rates.
This week FED chairman Ben Bernanke testifies before Congress on Tuesday and Wednesday. On Tuesday, he said that the FED could still use measures to boost economy if it saw fit. While not saying they would use them, he says they are available if they feel the need.
This economic easing could include another round of buying mortgage backed securities and lowering of the interest rate the FED charges it’s reserve banks. He noted that using these measures is an option,but there a certain risks and side effects that need to be considered carefully before using them.
The FED is still happy with inflation staying below 2%. It will focus on job growth when deciding if more economic easing is necessary. Job growth has been very slow and below projected numbers the past few months.
All in all, there is not much information that we have not already been given. Mortgage rates are remaining at record low levels and it appears the FED will not push to purchase mortgage backed securities unless it absolutely has too.
I predict for rates to stay stable barring anything unforeseen happening in the market.
My best value of the week:
30 Year Fixed High Balance Loans at 3.75% paying 0 points
5/1 ARM at 2.5% paying .0 points
Below are rates available today paying a point or less:
30 year fixed: 3.375% paying .89 points, 3.5% paying 0 points
20 year fixed: 3.25% paying .78 points, 3.375% paying 0 points
15 year fixed: 2.75% paying .7 points, 2.99% paying 0 points
5/1 ARM: 2.25% paying .8 points, 2.5% paying 0 points
7/1 ARM: 2.375% paying .8 points, 2.625% paying 0 points
30 year fixed High Balance Loan: 3.5% paying .90 point, 3.75% paying 0 points
30 year fixed FHA: 3.25% paying 0 points
15 year fixed FHA: 2.75% paying .19 points, 2.875% paying 0 points
30 year fixed VA: 3.25% paying 0 points
Today’s Mortgage Interest Rates. Current Mortgage Interest Rates and APRs for refinancing and purchasing in Arizona, California, and Colorado. Mortgage Rate Sheets for fixed mortgages, ARM mortgages, Variable Mortgages, Interest Only Mortgages, HARP mortgages, HARP 2.0 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 mortgages, Conforming mortgages, Conventional Mortgages, 100% Financing Mortgage, High Balance Mortgages, Fannie Mae mortgages, Freddie Mac Mortgages, No appraisal refinances, 0 point mortgages, 0 closing cost mortgages, paying a point mortgages, Refinance mortgages, purchase mortgages, and Jumbo Mortgages.
Mortgage Rates Remain Stable – 30 Year Fixed at 3.75%
