Team Green

WEEKLY RATE – INTEREST RATES REMAIN STABLE

WEEKLY RATE – Interest Rates Remain Stable

Interest rates continue to ebb and flow, but remain remarkably consistent when looking at rate pricing over a week or longer period.

30 Year Fixed rates are still sticking in the high 3%’s with less than a point and 4.125% at 0 points.

The Mortgage Backed Security (MBS) market closed last week up + 30 bps, and is trading down – 20 bps so far this week. Some ups and downs, but very consistent and stable

I expect rates to continue in this fashion until at least the next FED meeting.

PRODUCT SPOTLIGHT – Early Access Product

We have a great product that allows home owner’s to refinance or purchase without waiting the long periods required by Conventional, FHA, and VA.

We see it every day where consumers want to buy above the FHA loan limit, but had a foreclosure within the past 7 years. Conventional loans require a full 7 years out of foreclosure before qualifying for a Fannie Mae/Freddie Mac mortgage.

The Early Access product is a great solution to finance now with the goal to switch to a conventional loan down the line.

Below are some of the details of this great product:

620+ credit score required

85% LTV or less

43% Debt to Income Ratio or less

Primary, Vacation and Investment Homes

Gift funds permitted

Cash out loans permitted

If you have been having a hard time getting financing due to a recent foreclosure, short sale, or bankruptcy. Please give us a call. We would love the opportunity to help!!

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.

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% – .68 points (4.12% APR),       4.125% – 0 points (4.16% 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% –  .97 points (3.44% APR),        3.625% – 0 points (3.76% APR),     3.875% – $0 costs (3.875% APR)

5/1 ARM:        3.5% – .94 points (3.69% APR),     4.0% – 0 points (4.06% APR)    

30 year fixed FHA:        3.875% – .99 points (4.77% APR),     4.125% – 0 points (4.82% APR),     4.625% – $0 costs (outside of FHA Fee) (5.32% APR)

15 year fixed FHA:        3.75% – .91 points (4.23% APR),     4.0% – 0 points (4.3% 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:     3.875% – 1 point (4.07% APR),     4.125% – 0 points (4.18% APR),        

7/1 ARM Jumbo:        3.25% – .83 points (3.42% APR),     3.5% – 0 points (3.57% 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 16th  2017 30 year fixed rates, August 17th 2017 30 year fixed rates, August 18th 2017 30 year fixed rates, August 19th 2017 30 year fixed rates, August 20th 2017 30 year fixed rates, August 21st  2017 30 year fixed rates, August 22nd 2017 30 year fixed rates, August 23rd 2017 30 year fixed rates.

WEEKLY RATE – INTEREST RATES REMAIN STABLE

The Overly Metrosexual Mortgage Banker – Reggie Green

The Overly Metrosexual Mortgage Banker – Team Green.
When Only a Metrosexual Mortgage Will Do.
#metrosexualmortgagebanker, #reggiegreen, #teamgreen, #fairwayindependentmortgagemccormickranch.

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%

Testimonial Tuesday – Team Green

TESTIMONIAL TUESDAY – TEAM GREEN.

It’s always awesome when our clients take the time to review our team online.  Joanne started with me last year but we were not able to qualify her at that time.

She put in the work required and 7 months later boom – we were able to complete the loan she wanted.

Thanks Joanne for your business – we appreciate you trusting us to refinance your 2nd home.

Communication is a key component in our team’s philosophy on customer service.  We have a system of updating the client every Monday and Thursday.

This is not an automated update, but a real update from us on exactly what is happening with their loan – good or bad. 

I believe this is one of the main reasons why we get so many happy clients and repeat customers – great communication.

Thanks again Joanne and great job Jenn and Jo – killing it.

#communication, #teamgreen, #fairwaymortgagemccormickranch, #fairwayindependentmortgagearizona, #highlyreviewedarizonamortgagelender, #scottsdalemortgagelender, #phoenixmortgagelender, #arizonamortgagelender, #reggiegreen, #jennpatel, #jolynanderson.

 

WEEKLY RATE – Interest Rates Reverse Course and Improve

WEEKLY RATE – Interest Rates Reverse Course and Improve

After moving up much of the prior week and a half, mortgage interest rates found some positive momentum, improving 5 of the last 7 days.

The Mortgage Backed Security (MBS) market closed last week up + 34 bps and is trading this week up + 39 bps.  The bond markets trading up is a positive for interest rates.

Most investor eyes this week are on the announcement by the European Central Bank on Thursday.  The main topic of interest is how far away the Bank is from tapering it’s balance sheet.  I expect rate pricing to moderately improve before the announcement but the actual announcement is a high risk event.

Even if the announcement is seen as a positive for interest rates, I don’t see rates moving a ton lower than current levels without a major stock market correction or an unforeseen event that moves markets.  That being said, most indicators are that the stock market is over valued at the moment so a correction is not out of the question.

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:

 

 

 

 

 

 

 

Fairway is a top 10 retail lender in the country based on funded volume.  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. 

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

TODAY’S INTEREST RATES:

30 year fixed:       3.99% – .86 points (4.16% APR),       4.25% – 0 points (4.28% APR),    4.375% – $0 costs (4.375% APR)

20 year fixed:       3.875% – .53 points (3.98% APR),     3.99% – 0 points (4.1% APR),  4.25% – $0 costs (4.25% APR)

15 year fixed:        3.25% –  1 point (3.45% APR),        3.625% – 0 points (3.767% APR),     3.99% – $0 costs (3.99% APR)

5/1 ARM:        3.375% – 1 point (3.57% APR),      3.875% – 0 points (3.99% APR)    

30 year fixed FHA:        3.875% – .9 points (4.75% APR),      4.25% – 0 points (4.95% APR),     4.5% – $0 costs (outside of FHA Fee) (5.2% APR)

15 year fixed FHA:        3.625% – 1 point (4.125% APR),      4.0% – 0 points (4.3% APR),    

30 year fixed VA:        3.875% – .9 points (4.05% APR),     4.25% – 0 points (4.29% APR),     4.5% – $0 costs (4.5% APR)

30 year Fixed Jumbo:     3.875% – 1 point (4.07% APR),      4.125% – 0 points (4.18% APR),        

7/1 ARM Jumbo:        3.125% – .99 points (3.32% 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.  Team Green.  Reggie Green.  FairwayAZ, Fairway McCormick Ranch, Fairway Mortgage.  July 19th  2017 30 year fixed rates, July 20th 2017 30 year fixed rates, July 21st 2017 30 year fixed rates, July 22nd 2017 30 year fixed rates, July 23rd 2017 30 year fixed rates, July 24th  2017 30 year fixed rates, July 25th 2017 30 year fixed rates, July 26th 2017 30 year fixed rates.

WEEKLY RATE – Interest Rates Reverse Course and Improve

WEEKLY RATE – INTEREST RATES HOVERING AT RECENT HIGHS

WEEKLY RATE – Interest Rates Hovering At Recent Highs

It’s true, mortgage rates have drifted higher but since rates have moved in such a narrow range since January, rates aren’t really much higher than they have been.

On Friday, mortgage interest rates were fluctuating near 3 month highs, but were only about .125% higher than the 8 month low.  So the trade range has been narrow. 

Last week the Mortgage Backed Security Market (MBS) closed the week -26 bps.  This week, we are finally getting some positive traction with the MBS market trading up + 9 bps on Mondya and + 13 bps as of Tuesday morning.

Currently, most borrowers will have to pay slightly over a point to get in the 3%’s on a 30 year fixed conventional loan.  And slightly less than a point to get a 4.125%. 

I expect rates to continue in this narrow range barring an unforeseen event.

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 on right of webpage 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% – .74 points (4.27% APR),       4.25% – 0 points (4.29% APR),    4.5% – $0 costs (4.5% APR)

20 year fixed:       3.875% – 1 point (4.07% APR),     4.125% – 0 points (4.17% APR),  4.25% – $0 costs (4.25% APR)

15 year fixed:        3.375% –  1 point (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),      3.875% – 0 points (4.07% APR)    

30 year fixed FHA:        3.875% – 1 point (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% – 1 point (4.25% APR),      4.125% – 0 points (4.42% APR),    

30 year fixed VA:        4.0% – .79 points (4.15% APR),     4.25% – 0 points (4.29% APR),     4.5% – $0 costs (4.54% APR)

30 year Fixed Jumbo:     4.0% – 1 point (4.2% APR),      4.25% – 0 points (4.29% APR),        

7/1 ARM Jumbo:        3.375% – .83 points (3.54% 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.  July 11th  2017 30 year fixed rates, July 12th 2017 30 year fixed rates, July 13th  2017 30 year fixed rates, July 14th 2017 30 year fixed rates, July 15th 2017 30 year fixed rates, July 16th  2017 30 year fixed rates, July 17th 2017 30 year fixed rates, July 18th 2017 30 year fixed rates.

WEEKLY RATE – INTEREST RATES HOVERING AT RECENT HIGHS

TESTIMONIAL TUESDAY – TEAM GREEN.

TESTIMONIAL TUESDAY – TEAM GREEN.

Always great to get a nice review from a repeat client. Thanks Tim – we really appreciate you trusting Team Green on your 1st and 2nd transaction with us. Thank you for your business!! #builtoncustomerservice, #teamgreen, #fairwayindependentmortgagecorporation, #fairwaymortgagemccormickranch, #scottsdalemortgageteam, #arizonamortgage, #wedomortgages.

Reggie and his team are the best refinance team you could ask for!!!!!
We were updated on the progress and were treated like family!!! I would recommend Reggie and his team to anyone looking to buy or refinance a property!

-Tim

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%

Happy 4th of July – From Team Green

Happy 4th of July – From Team Green. Contact us 24/7 for your home financing questions, prequals, quotes.

We would love to help!!

teamgreen@fairwaymc.com,480-206-5577. #theseawasangrythatdaymyfriendlikeanoldmantryingtosendbacksoupatadeli, #guidingborrowersoverroughseas, #thepresidentiallenders, #teamgreen, #reggiegreen, #jennpatel, #jolynanderson, #fairwayindependentmortgage, #fairwayindependentmortgagemccormickranch, #fairwaymortgagemccormickranch, #scottsdalemortgagelenders, #wedomortgages.

Happy 4th of July – From Team Green.

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

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