Archive for Mortgage News

Mortgage Interest Rates Update – May 26, 2017

Friday, May 26th, 2017 azrealtycom No Comments »

CONVENTIONAL 30 Yr 3.875 to 4.125 APR 4.24 15 Yr 3.25 to 3.5 APR 3.56 ARMS 5 Yr 3.125 to 3.5 APR 3.61 7 Yr 3.25 to 3.75 APR 3.78 FHA/VA 30 Yr 3.5 APR 3.6 15 Yr 3 APR 3.13

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Mortgage Interest Rates Update – May 19, 2017

Friday, May 19th, 2017 azrealtycom No Comments »

CONVENTIONAL 30 Yr 3.875 to 4.125 APR 4.24 15 Yr 3.25 to 3.5 APR 3.56 ARMS 5 Yr 3.125 to 3.5 APR 3.61 7 Yr 3.25 to 3.75 APR 3.78 FHA/VA 30 Yr 3.625 APR 3.67 15 Yr 3.125 APR 3.18

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Mortgage Interest Rates Update – April 10, 2017

Tuesday, April 11th, 2017 azrealtycom No Comments »

CONVENTIONAL 30 Yr 4 to 4.25 APR 4.28 15 Yr 3.25 to 3.5 APR 3.59 ARMS 5 Yr 3.375 to 4 APR 4.1 7 Yr 3.875 to 4.375 APR 4.41 FHA/VA 30 Yr 3.5 APR 3.56 15 Yr 3 APR 3.12

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Mortgage News – March 31, 2017

Friday, March 31st, 2017 azrealtycom No Comments »

Consumer confidence surged to a 16+-year high in March. Consumer optimism is supported by a strong labor market and a positive economic outlook. The GDP increased 2.1% in the 4th quarter, signaling economic growth. Consumer spending accounts for more than 2/3rds of U.S. economic activity. Some Fed members made comments this week supporting more than […]

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Mortgage News – March 20, 2017

Monday, March 20th, 2017 azrealtycom No Comments »

Although the Fed raised policy rates at this week’s meeting, mortgage rates improved when the Fed forecasted gradual future increases, calming markets. The Fed’s policy rate change will help tame inflation, which has been on the rise. Inflation can be a factor in increasing future mortgage rates. The economy is expected to continue to grow, […]

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Mortgage News – March 11, 2017

Friday, March 10th, 2017 azrealtycom No Comments »

A Fed policy rate hike next week is now almost 100% certain, after recent comments by Fed officials. The Fed anticipates three rate increases in 2017. The Fed’s mandate is to keep strong employment and low inflation. Jobs data this week showed the labor market remains strong, with low unemployment. Inflation is on the rise, […]

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Mortgage News – Feb 10, 2017

Friday, February 10th, 2017 azrealtycom No Comments »

Gallup reports its Economic Confidence Index hit a new high in January, reaching its highest monthly average in 9 years. The labor market continues to show strength, with jobless claims hitting a 43-year low this week and a strong showing for non-farm payrolls last week. Despite the strong economy, inflation is still lagging. As long […]

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Mortgage Interest Rates Update – Feb 10, 2017

Friday, February 10th, 2017 azrealtycom No Comments »

CONVENTIONAL 30 Yr   4.125 to 4.125 APR 4.25 15 Yr   3.250 to 3.500 APR 3.61 ARMS 5 Yr    3.250 to 3.625 APR 3.87 7 Yr    3.625 to 4.375 APR 4.41 FHA/VA  30 Yr   3.625 APR 3.73 15 Yr   3.250 APR 3.32

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Mortgage News – Dec 16, 2016

Friday, December 16th, 2016 azrealtycom No Comments »

As expected, the Fed raised policy rates 0.25% at this month’s FOMC meeting. Bond yields jumped on the news, pressuring mortgage rates higher. The U.S. dollar is at the highest level since 2003, and stocks continue to hit all-time highs. Strong economic activity contributes to mortgage rates increasing. The Fed is expected to continue to […]

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Mortgage News – Nov 18, 2016

Friday, November 18th, 2016 azrealtycom No Comments »

Mortgage rates rose as markets prepare for expected economic growth and anticipated inflation under the Trump administration. Inflation can bring higher rates. Fed Chair Janet Yellen’s comments this week support the idea of a Fed policy rate hike in December. Economists almost unanimously agree a hike is coming. Also supporting a possible Fed policy rate […]

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