Scottsdale Arizona mortgage originator

WEEKLY RATE – INTEREST RATES DROP TO 2 WEEK LOWS

WEEKLY RATE – Interest Rates Drop to 2 Week Lows

After trending higher for the past 2 weeks, mortgage rates dropped to 2 week lows with strong movement in the bond market on Friday of last week.

Last week, the Mortgage Backed Security (MBS) market was trading down -67 bps through Thursday. On Friday, the MBS market trended heavily the other way gaining back much of the losses. MBS ended the day up + 45 bps.

The main take away from this is a trend towards even higher rates was thwarted and we are seeing some correction in the bond market with the MBS trading higher this week.

As always, have an amazing week and I’m always available if you need help with a new home loan purchase or refinance.

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/

For a no obligation mortgage quote, please answer questions on the right of this web page or go to:

WWW.FREEMORTGAGEQUOTE.BIZ

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

TODAY’S INTEREST RATES:

30 year fixed:       3.99% – .90 points (4.19% APR),       4.25% – 0 points (4.27% APR),   4.375% – $0 costs (4.375% APR)

20 year fixed:       3.875% – .5 points (3.98% APR),     3.99% – 0 points (4.04% APR), 4.25% – $0 costs (4.25% APR)

15 year fixed:        3.25% –  .99 points (3.45% APR),        3.625% – 0 points (3.67% APR),     3.875% – $0 costs (3.875% APR)

7/1 ARM:        3.625% – .79 points (3.78% APR),     4.0% – 0 points (4.05% APR)    

30 year fixed FHA:        3.875% – .81 points (4.7% APR),     4.125% – 0 points (4.82% APR),     4.375% – $0 costs (outside of FHA Fee) (5.07% APR)

15 year fixed FHA:        3.625% – .91 points (4.1% APR),     3.875% – 0 points (4.17% APR)  

30 year fixed VA:        3.75% – .93 points (3.94% APR),     4.125% – 0 points (4.17% APR),     4.375% – $0 costs (4.375% APR)

30 year Fixed Jumbo:     4.0% – .62 points (4.12% APR),     4.125% – 0 points (4.17% APR),        

7/1 ARM Jumbo:        3.25% – .84 points (3.4% APR),     3.5% – 0 points (3.55% 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 DROP TO 2 WEEK LOWS

%d bloggers like this: