Archive for Mortgage News

Mortgage News – Sept 29, 2017

Friday, September 29th, 2017 azrealtycom No Comments »

The Federal Open Market Committee (FOMC)chose to maintain the target range of federal fund rates at 1% to 1.25%. Although we are still in a competitive market, we may finally see a decline in bidding wars. For the first time in 7 weeks, the average 30-year fixed mortgage rates increased from an average of 3.78% […]

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Mortgage Rates – 9/21/2017

Thursday, September 21st, 2017 azrealtycom No Comments »

CONVENTIONAL 30 Yr 3.875 to 4 APR 4.12 15 Yr 3.125 to 3.375 APR 3.425 ARMS 5 Yr 3.125 to 3.375 APR 3.61 7 Yr 3.25 to 3.75 APR 3.78 FHA/VA 30 Yr 3.5 APR 3.62 15 Yr 3.125 APR 3.12

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Mortgage Rates – 8/29/2017

Tuesday, August 29th, 2017 azrealtycom No Comments »

CONVENTIONAL 30 Yr 3.875 to 4.125 APR 4.25 15 Yr 3.125 to 3.25 APR 3.3 ARMS 5 Yr 3.125 to 3.375 APR 3.61 7 Yr 3.25 to 3.75 APR 3.78 FHA/VA 30 Yr 3.5 APR 3.62 15 Yr 3.125 APR 3.23

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Mortgage News – July 21, 2017

Friday, July 21st, 2017 azrealtycom No Comments »

Jobless claims hit a near 5-month low this week, supporting economic growth. Sustained labor market strength could contribute to higher rates. The failure to pass a new health care reform bill has traders questioning possible tax cuts and infrastructure spending, and is supportive of lower mortgage rates. Recent economic data has cast doubt on whether […]

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National Average FICO Score hit 700!

Monday, July 17th, 2017 azrealtycom No Comments »

Credit scores are rising, as the national average FICO score hit 700 for the first time in history. FICO’s VP for scores and analytics said a 700 score is considered “very good credit.” Better credit scores can get buyers more favorable mortgage terms. The chief economist at property information firm CoreLogic says “the market continues […]

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Housing News – July 14, 2017

Friday, July 14th, 2017 azrealtycom No Comments »

Job growth surged to 222,000 in June, and jobless claims were also down this week. Strong employment keeps the Fed on track to raise rates again this year. The producer price index, a key gauge of inflation, was up 0.1% last month. Fed officials are closely watching inflation, which pressures mortgage rates higher. In testimony […]

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Mortgage Interest Rates Update – July 8, 2017

Saturday, July 8th, 2017 azrealtycom No Comments »

CONVENTIONAL 30 Yr 3.875 to 4.125 APR 4.26 15 Yr 3.25 to 3.5 APR 3.61 ARMS 5 Yr 3.125 to 3.375 APR 3.61 7 Yr 3.25 to 3.75 APR 3.78 FHA/VA 30 Yr 3.625 APR 3.71 15 Yr 3.25 APR 3.37

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Housing News – June 30, 2017

Friday, June 30th, 2017 azrealtycom No Comments »

Four out of five major global central banks are talking about tightening policy, including raising rates. Market reaction to the news could pressure rates higher. Comments this week by Fed members, including Fed Chair Janet Yellen, have investors speculating that another Fed rate increase is likely this year. First quarter GDP growth was revised higher […]

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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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