Realtor Partners, ask a Fairway Loan Officer today how our new CreditEDGE program can help turn your credit challenged buyers into closed deals in as little as 90 days!
Market Update
Friday, June 26, 2015
Weekly Mortgage Interest Rate Report June 25, 2015
| Weekly Mortgage Interest Rate Report June 25, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||
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| Data is provided by Freddie Mac's Primary Mortgage Market Survey® (PMMS) | ||||||||||||||||||||||||||||||||||||||||||||||
| This is not intended as an advertisement of interest rates as defined by Regulation Z, Section 226.24. Data is provided for informational purposes only. The financial and other information contained herein speaks only as of the date posted herein. Freddie Mac, and/or the sender of this information, is not responsible for business decisions made based on the reported results of the PMMS. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available. Average fees and points are provided to reflect the total upfront cost of obtaining a mortgage. Borrowers may still pay closing costs which are not included in the survey. |
Thank you from Fairway!
Thank you to all of our Agents who attended The EDGE Event on Thursday, June 25th and learned how the new CreditEDGE program can help build their pipeline!
We had a great turnout and then response was overwhelmingly positive. Thank you to all who provided feedback.
A very special thank you goes out to our Sponsors;
Amanda Wigal Schlosser
Brandables Promotional Items
www.brandables.com
Brian Peitz
Chicago Title
602-667-1230
Michael Gallaugher
Bennet & Porter Insurance
480-212-1150
If you missed the class and would like more information on how we're converting credit challenged clients into closed deals, contact a Fairway Loan Officer today for more information!
10 Costly Mortgage Mistakes You Can Help Your Clients Avoid
10 Costly Mortgage Mistakes YouCan Help Your Clients Avoid
SEE LIST
Friday, June 19, 2015
Weekly Mortgage Interest Rate Report June 18, 2015
| Weekly Mortgage Interest Rate Report June 18, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||
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| Data is provided by Freddie Mac's Primary Mortgage Market Survey® (PMMS) | ||||||||||||||||||||||||||||||||||||||||||||||
| This is not intended as an advertisement of interest rates as defined by Regulation Z, Section 226.24. Data is provided for informational purposes only. The financial and other information contained herein speaks only as of the date posted herein. Freddie Mac, and/or the sender of this information, is not responsible for business decisions made based on the reported results of the PMMS. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available. Average fees and points are provided to reflect the total upfront cost of obtaining a mortgage. Borrowers may still pay closing costs which are not included in the survey. |
30-year mortgage rate declines to 4.00%
MARKET PULSE
30-year mortgage rate declines to 4.00% Published: June 18, 2015 10:00 a.m. ET
WASHINGTON (MarketWatch) -- The average rate for a 30-year fixed-rate mortgage declined to 4.00% in the week that ended June 18, pulling back from an eight-month high of 4.04% hit in the prior week, according to a Thursday report from federally controlled mortgage buyer Freddie Mac. A year ago, the 30-year rate was at 4.17%. A record low of 3.31% for the 30-year mortgage was reached in November 2012. The average rate for the 15-year fixed-rate mortgage decreased to 3.23% in the latest week from 3.25% in the prior week. Meanwhile, the rate for a 5-year Treasury-indexed hybrid adjustable-rate mortgage ticked down to 3.00% from 3.01%. The rate for a 1-year Treasury-indexed ARM was unchanged at 2.53%.
Opening the Doors to REALTOR® Safety
Opening the Doors to REALTOR® Safety
As part of our Realtor® Safety Initiative, Fairway Branches in Arizona welcome all Agents to meet their Client at our offices prior to taking them on showings.
You can also search other Open Door Partners Locations at http://www.meetmeherefirst.com
You can also search other Open Door Partners Locations at http://www.meetmeherefirst.com
Here at Fairway Independent Mortgage Corporation, we are an Open-Door Partner who offers a safe place for all real estate agents to go when meeting a buyer during our business hours. Our safety, along with the safety of our industry colleagues, is our highest priority. Here are some basic safety tips to keep in mind when you’re out in the field:
Meet first. Meeting a prospective client for the first time at an office is an effective way to deter criminals. By meeting in a public business setting, you can verify the person’s identity and help prevent being victimized by a stranger at an unsupervised location.
Keep it light. Always show properties before it gets dark outside. If you must work late, inform your coworkers about your schedule. You should also turn on all of the lights as you walk through the home and keep the curtains or blinds open.
Don’t get blocked-in. Always park your car in front of the property instead of in the driveway. You will avoid having your car get blocked in while making it easier to escape in your vehicle if necessary.
Never lead. When showing a house, have your client walk in front of you while you verbally direct them from behind so you can always keep an eye on them.
Contact a Fairway Loan Officer or Branch to schedule Pre-Meets.
Only 5 Days Left To Register For The EDGE Event!
Only 5 days left to register! Selling out soon! Don't miss this FREE class outlining new ways to fill your pipeline and close more deals. Registration is fast and easy and your tickets are emailed to you instantly.
Also join us after for a Happy Hour Reception at the Scottsdale Plaza Resort where the class will be held.
Details and Registration at www.TheEdgeEvent.com
Also join us after for a Happy Hour Reception at the Scottsdale Plaza Resort where the class will be held.
Details and Registration at www.TheEdgeEvent.com
Realtors® Applaud CFPB Extension of TRID Implementation
Realtors® Applaud CFPB Extension of TRID Implementation
Jun 17, 2015, 17:50 ET from National Association of Realtors
WASHINGTON, June 17, 2015 /PRNewswire/ -- National Association of Realtors® President Chris Polychron, executive broker with 1st Choice Realty in Hot Springs, Ark., released the following statement in response to the Consumer Financial Protection Bureau's announcement of a two-month delay for the implementation of the new Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosure, or TRID, regulation.
"The action announced today by the CFPB is a welcome step. NAR has long advocated the need to avoid implementing the new regulation during the peak summer selling season.
Friday, June 12, 2015
Weekly Mortgage Interest Rate Report June 11, 2015
| Weekly Mortgage Interest Rate Report June 11, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||
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| Data is provided by Freddie Mac's Primary Mortgage Market Survey® (PMMS) | ||||||||||||||||||||||||||||||||||||||||||||||
| This is not intended as an advertisement of interest rates as defined by Regulation Z, Section 226.24. Data is provided for informational purposes only. The financial and other information contained herein speaks only as of the date posted herein. Freddie Mac, and/or the sender of this information, is not responsible for business decisions made based on the reported results of the PMMS. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available. Average fees and points are provided to reflect the total upfront cost of obtaining a mortgage. Borrowers may still pay closing costs which are not included in the survey. |
Boomerang Buyers Beginning to Re-Enter Market
Demand spike, strained supply push prices higher in Phoenix housing market
*Ask your Fairway Loan Officer about our "Buy Again" programs for Boomerang Buyers!
Phoenix home prices have increased this year as supply decreases coinciding with a spike in demand, according to new data released from Arizona State University.
Median home prices rose 5.1 percent from last year as home buyers who have repaired their credit from foreclosure and short sale re-enter the market, the data found.
Some seats still available for The EDGE Event
Seats are running out for The EDGE Event Realtor® Business Building Mega Class! Don't miss this FREE class outlining new ways to fill your pipeline and close more deals. Registration is fast and easy and your tickets are emailed to you instantly.
Also join us after for a Happy Hour Reception at the Scottsdale Plaza Resort where the class will be held.
Details and Registration at www.TheEdgeEvent.com
Also join us after for a Happy Hour Reception at the Scottsdale Plaza Resort where the class will be held.
Details and Registration at www.TheEdgeEvent.com
Do's & Don'ts When Applying For A Mortgage!
Ask your Fairway Loan Officer if you would like a Co-Branded version to hand out to every Client!
Friday, June 5, 2015
Weekly Mortgage Interest Rate Report June 4, 2015
| Weekly Mortgage Interest Rate Report June 4, 2015 | ||||||||||||||||||||||
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This is not intended as an advertisement of interest rates as defined by Regulation Z, Section 226.24. Data is provided for informational purposes only. The financial and other information contained herein speaks only as of the date posted herein. Freddie Mac, and/or the sender of this information, is not responsible for business decisions made based on the reported results of the PMMS. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available. Average fees and points are provided to reflect the total upfront cost of obtaining a mortgage. Borrowers may still pay closing costs which are not included in the survey.
“Mortgage rates were little changed for the week following mixed economic data before bond yields began moving higher Wednesday afternoon. Although real GDP growth was revised down to a negative 0.7 percent annualized rate, the Institute for Supply Management reported a modest growth in the manufacturing sector in May. If the Wednesday surge of treasury yields persists, the impact on mortgage rates is likely to result in a bout of affordability shock to many housing markets across the country.”– Len Kiefer, deputy chief economist, Freddie Mac
The EDGE Event will soon be fully booked!
Seats are running out for The EDGE Event Realtor® Business Building Mega Class! Over 150 Agents are already registered. Don't miss this FREE class outlining new ways to fill your pipeline and close more deals. Registration is fast and easy and your tickets are emailed to you instantly.
Also join us after for a Happy Hour Reception at the Scottsdale Plaza Resort where the class will be held.
Details and Registration at www.TheEdgeEvent.com
Also join us after for a Happy Hour Reception at the Scottsdale Plaza Resort where the class will be held.
Details and Registration at www.TheEdgeEvent.com
Free TRID Overview Download!
BOOK A LUNCH & LEARN AT YOUR OFFICE!
Fairway Independent Mortgage is prepared for the August 1st TRID Changes! In order to better serve our Realtor Partners and Homebuyers, Fairway Corporate has been running a "TRID Simulator" on transactions prior to the change going into effect. This allows for a smoother transition and more efficient turn-times!
We have been training all of our Loan Officers and some are getting extra training so that they are prepared to pass on their knowledge to your office!
VISIT www.TRIDtraining.com to request a training at your office!
Andy Andrews: The 7 Decisions, Pre-Registration Now Open!
Another incredible event is coming your way from Fairway Independent Mortgage! This complimentary, life changing event with speaker Andy Andrews will inspire you to:
Create the future you want for your life, career
and family, starting right now!
About Andy
Hailed by a New York Times reporter as "someone who has quietly become one of the most influential people in America," Andy Andrews is the author of the New York Times bestsellers How Do You Kill 11 Million People?, The Noticer, and The Traveler's Gift, and is also an in-demand speaker for the world's largest organizations.
Zig Ziglar said, "Andy Andrews is the best speaker I have ever seen."
The Noticer and The Traveler's Gift were featured selections of ABC's Good Morning America and continue to appear on bestseller lists around the world. His books have been translated into over 25 languages.
Andy has spoken at the request of four different United States presidents and toured military bases around the world, being called upon by the Department of Defense to speak about the principles contained in his books. Arguably, there is no single person on the planet better at weaving subtle yet life-changing lessons into riveting tales of adventure and intrigue — both on paper and on stage.
He lives in Orange Beach, Alabama, with his wife, Polly, and their two sons. His latest book, The Noticer Returns, is available everywhere books and ebooks are sold.
CFPB Seeks to Calm TRID Fears Without Giving in to Calls for Leniency
CFPB Seeks to Calm TRID Fears Without Giving in to Calls for Leniency
BY
JUN 3, 2015 10:21am ET
It's not the grace period the mortgage and real estate industries are clamoring for, but the Consumer Financial Protection Bureau is planning an announcement designed to placate fears of hasty enforcement of its new integrated disclosure rules that take effect in
August. READ FULL ARTICLE
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