Weekly Mortgage Interest Rate Report July 30, 2015

Weekly Mortgage Interest Rate Report July 30, 2015

Week ending on 07/30/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 3.98% 0.6 N/A  15 Year Fixed Rate 3.17% 0.6 N/A  5/1-Year Adjustable Rate 2.95% 0.4 2.74  1 Year Adjustable Rate 2.52% 0.3 2.74  Week ending on 07/23/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.04% 0.6 N/A  15 Year Fixed Rate 3.21% 0.6 N/A  5/1-Year Adjustable Rate 2.97% 0.5 2.74  1 Year Adjustable Rate 2.54% 0.3 2.74 “Monday's 8 percent decline in Chinese stock prices triggered similar -- though smaller -- sell-offs in global equity markets. The associated flight to quality drove U.S. Treasury yields down nearly 5 basis points. Accordingly, 30-year fixed-rate mortgages fell 6 basis points to 3.98 percent. The mortgage rate has bounced between 3.98 and 4.09 percent since the first full week of June, falling a bit when events overseas take a turn for the worse and rising when the clouds appear ready to part. With no clear direction coming from the Fed this afternoon, we expect more of the same in coming weeks.” – Sean Becketti, chief economist, Freddie Mac

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.

Andy Andrews LIVE: $15 Ticket Special!

There is a Facebook special running to get Andy Andrews Tickets for $15 (Reg. $25). But we have your direct link right here! Hurry and get your tickets before Midnight on August 7th.

CLICK FOR $15 SPECIAL

Helping Homeless Veterans in AZ!

On April 16th of this year, several Fairway branches in Arizona came together to host a very special CE Class training Agents as Certified Military Residential Specialists. Through this event we raised $7,000 for the MANA House, a local organization providing shelter and job training for homeless Veterans.

Our next CMRS event is coming October 6th with even bigger reveals in the works! Watch the video below from April's event and contact your Fairway Loan Officer to get registered for October if you are not already Certified.

CLICK TO WATCH

"Home in 5"... still alive!

Many of our Agent Partners have inquired about recent developments with "Home in 5" and if Fairway would still participate in the City of Phoenix/County of Maricopa Down Payment Assistance Program. After careful review and official confirmation, we are pleased to announce we will continue the program in conjunction with the changes set forth by the Industrial Development Authority.

Effective July 29, 2015, "Home in 5" underwent minor changes and is still a viable option for Down Payment Assistance. Speak with your Fairway Loan Officer today to get the details about these changes.

Mortgage rates fall below 4%

Anita Balakrishnan, USA TODAY 5:40 p.m. EDT July 30, 2015

Thirty-year fixed mortgage rates averaged 3.98% for the week, dropping six basis points after a roller coaster of financial and economic news on China, the Federal Reserve and the housing market.

READ MORE

Weekly Mortgage Interest Rate Report July 23, 2015

Weekly Mortgage Interest Rate Report July 23, 2015

Week ending on 07/23/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.04% 0.6 N/A  15 Year Fixed Rate 3.21% 0.6 N/A  5/1-Year Adjustable Rate 2.97% 0.5 2.74  1 Year Adjustable Rate 2.54% 0.3 2.74  Week ending on 07/16/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.09% 0.6 N/A  15 Year Fixed Rate 3.25% 0.6 N/A  5/1-Year Adjustable Rate 2.96% 0.5 2.74  1 Year Adjustable Rate 2.50% 0.3 2.74 “U.S. Treasury yields dropped following announcements that many blue chip companies' earnings failed to meet expectations. This drove the 30-year fixed rate mortgage down 5 basis points this week. Housing continues to be the bright spot in the economic recovery. Existing home sales beat market expectations coming in at a seasonally adjusted annual rate of 5.49 million homes. This is up 9.6 percent from a year ago and the fastest pace since 2007.” – Sean Becketti, chief economist, Freddie Mac

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.

Last day for $10 Tickets to Andy Andrews LIVE

Tonight, 7/24/15, at Midnight is the LAST CHANCE to get $10 Early Bird Tickets for Andy Andrews LIVE: 7 Decisions That Determine Personal Success.

Get your tickets HERE

6 New Headshot Tips for Agents

Put down the Selfie Stick and step away slowly!

No matter how confident you are as an Agent, stepping in front of a camera can be an intimidating experience. We're here to help! Through our Realtor Companion & Concierge Service, Fairway offers complimentary Headshots for our Agent Partners by our on-staff professional photographers.

Get with a Fairway Loan Officer to schedule your Headshots today!

SEE THE TIPS

June Home Sales

Phoenix home sales surged in the month of June

"This usually is a good sign that we're going to have a great year when June is a peak month,"  - Michael Orr, Cromford Report

SLOANE KINGSTON/CONTRIBUTING EDITOR, THAT REAL ESTATE SHOW

July 21, 2015 @ 12:40 pm

A June bloom in home closings is signaling good things to come for Phoenix's housing market.

According to the Cromford Report, the month of June had the highest number of closed listings in the Valley since May 2013.

READ MORE

Weekly Mortgage Interest Rate Report July 16, 2015

Weekly Mortgage Interest Rate Report July 16, 2015

Week ending on 07/16/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.09% 0.6 N/A  15 Year Fixed Rate 3.25% 0.6 N/A  5/1-Year Adjustable Rate 2.96% 0.5 2.74  1 Year Adjustable Rate 2.50% 0.3 2.74  Week ending on 07/09/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.04% 0.6 N/A  15 Year Fixed Rate 3.20% 0.5 N/A  5/1-Year Adjustable Rate 2.93% 0.4 2.74  1 Year Adjustable Rate 2.50% 0.3 2.74 “The crisis in Greece continues to generate volatility in U.S. Treasury yields. The tentative agreement hammered out last weekend gave investors the confidence to pull back a bit from Treasuries. Rates rose about 16 basis points on the 10-year Treasury from last week. As a result, the average rate on a 30-year fixed-rate mortgage rose 5 basis points this week to 4.09 percent, the highest level since October of last year.” – Sean Becketti, chief economist, Freddie Mac

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.

Arizona Market Improving for First-time Home Buyers

by ARIZONA REALTORS on JULY 16, 2015

A recent Huffington Post article cited statistics from the National Association of REALTORS® that one-third of home purchases made in May 2015 were by first-time home buyers.

The article went on to rank Arizona as the tenth best state for first-timers despite a moderate foreclosure rate and lack of many public assistance options.

READ MORE

Why Digital Marketing is a Must in Real Estate

According to NAR, 92 percent of those thinking of buying a home use the internet for their first glances....

Homes.com

READ ARTICLE

ANDY ANDREWS LIVE!

*** EARLY BIRD $10 TICKETS EXTENDED THROUGH 7/24 AT MIDNIGHT! ***

Don't Miss Andy Andrews: 7 Decisions That Determine Personal Success

CORPORATE SPONSORSHIPS AVAILABLE!

It is with great pleasure that we announce an incredible event and opportunity for

Arizona businesses in the Real Estate and Financial sectors.

Fairway Independent Mortgage is proud to bring well-known speaker and NY Times Best Selling Author Andy Andrews to Arizona for a one day special engagement:

Andy Andrews:  7 Decisions That Determine Personal Success

September 15, 2015 • 9am-1pm • Scottsdale Resort at McCormick Ranch

In addition to bringing our Industry Partners and the community a life-changing presentation, our mission is to surprise a local Veteran’s Charity with a donation. All profits above cost will be presented on the night of the event and a representative from each Sponsor will be on stage to present.

Fairway as a company is committed to Veteran causes. In the spirit of that commitment, Arizona Branches of Fairway plan and execute multiple events per year to support fundraising efforts.

Andy Andrews will be our largest of these events in 2015 with an expected guest list of 800 Real Estate Agents, Financial Planners and other professionals from the general public.

We would be incredibly grateful for any contribution you can make. Options range from buying tickets to advertising in the Event Program to Premium Sponsorship.

All sponsorship options are listed on the next page. Please feel free to contact me with any questions or concerns.

Contact your Fairway Loan Officer for details!

Tickets:  $25 Online/$30 At The Door

               (Early Bird Discount available online until 7/17/15)

Purchase tickets at www.AndyAndrewsEvent.com

Advertising in Event Program: (Full Color Glossy Book)

Full Page Ad:  $199

1/2 Page Ad:  $99         

(All artwork due by 8/21/15)

Platinum Circle:  $10,000 (2 available)

   • 10 Tickets

   • Reserved Front/Center Table Seating

   • Full Page Ad Premium Placement in Program (inside front cover and 

      back page spots)

   • Booth Included – Premium Placement

   • 10 Seats at Dinner with Andy Andrews on September 14th

Silver Circle:  $5,000 (2 available)

   • 10 Tickets

   • Reserved Front/Side Table Seating

   • Full Page Ad "Preferred Placement" in Program (non-premium, but

      within first 5 pages)

   • Booth Included

Bronze Circle:  $2,500 (4 available)

   • 5 tickets

   • Reserved Table Seating (2 sponsors per table)

   • 1/2 Page Ad “Preferred Placement” in Program (non-premium, but

      within first 5 pages)

   • Booth Included

Weekly Mortgage Interest Rate Report July 9, 2015

Weekly Mortgage Interest Rate Report July 9, 2015

Week ending on 07/09/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.04% 0.6 N/A  15 Year Fixed Rate 3.20% 0.5 N/A  5/1-Year Adjustable Rate 2.93% 0.4 2.74  1 Year Adjustable Rate 2.50% 0.3 2.74  Week ending on 07/02/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.08% 0.6 N/A  15 Year Fixed Rate 3.24% 0.6 N/A  5/1-Year Adjustable Rate 2.99% 0.4 2.73  1 Year Adjustable Rate 2.52% 0.3 2.74 “Yields on Treasury securities declined this week in response to investor concerns about events in Greece and China. Mortgage rates fell as well, although not by as much as government bond yields. Overseas volatility is likely to persist for some time, providing some restraint on potential U.S. rate increases. In addition, the minutes of the June meeting of the Federal Open Market Committee suggest the Federal Reserve will proceed cautiously -- monitoring events both overseas and in the U.S. to ascertain the appropriate moment to begin raising short-term interest rates.” – Sean Becketti, chief economist, Freddie Mac

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.

Early Bird Tickets Now On Sale for Andy Andrews!

Don't miss this exclusive event brought to you by Fairway Independent Mortgage! $10 Early Bird Tickets are available until July 17th at Midnight.  Company Sponsorship Packages are also available. Contact a Fairway Loan Officer today for more information.

GET TICKETS HERE

Andy Andrews Live - Not Normal

Pre-Registration Is Open For CMRS in October

Become a Certified Military Residential Specialist and receive 3 General CE Hours at the Fall 2015 CMRS Bootcamp. Pre-Registration is now open.

REGISTER HERE

19 Essential Tips for an Engaging Facebook Business Page

19 Essential Tips for an Engaging Facebook Business Page

Ginney Soskey - Hubspot Blog

So you've decided to set up a Facebook Page for your company -- or maybe you just want to make the most of your existing one. Well, considering Facebook is home to more than 1.4 billion monthly active users, you're making a smart move.

But if you think you can just slap together a Facebook Page and expect the leads and customers to roll right in, you've got another thing coming. The chances of actually generating leads and customers from Facebook are pretty slim if you're not creating a Facebook Page with the potential to get noticed, Liked, and engaged with. Check out the tips below to make sure you're creating an engaging page that doesn't fall flat. 

SEE THE TIPS

Average US Rate on 30-Year Mortgage Falls to 4.04 Percent

WASHINGTON — Jul 9, 2015, 11:17 AM ET Source: ABC News / Associated Press

Average long-term U.S. mortgage rates fell this week, retreating from high levels for the year amid economic turbulence overseas. The lower rates brought an incentive for prospective purchasers toward the end of the spring home buying season.

Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage declined to 4.04 percent this week from 4.08 percent a week earlier. The rate on 15-year fixed-rate mortgages eased to 3.20 percent from 3.24 percent.

READ MORE

Happy Independence Day!

Fairway Independent Mortgage would like to wish you a happy and safe 4th of July holiday weekend! We would also like to take a moment to thank our Veteran Realtors and Industry Partners for their service to this great nation. Because of the Brave, We are FREE!

Weekly Mortgage Interest Rate Report July 2, 2015

Weekly Mortgage Interest Rate Report July 2, 2015

Week ending on 07/02/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.08% 0.6 N/A  15 Year Fixed Rate 3.24% 0.6 N/A  5/1-Year Adjustable Rate 2.99% 0.4 2.73  1 Year Adjustable Rate 2.52% 0.3 2.74  Week ending on 06/25/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 4.02% 0.7 N/A  15 Year Fixed Rate 3.21% 0.6 N/A  5/1-Year Adjustable Rate 2.98% 0.4 2.74  1 Year Adjustable Rate 2.50% 0.3 2.74 “Overseas events are generating significant day-to-day volatility in interest rates. Nonetheless, the week-to-week impact on most rates was modest -- the 30-year mortgage rate increased just 6 bps, to 4.08 percent. The MBA composite index of mortgage applications fell 4.7 percent in response to what is now three consecutive weeks of mortgage rates over 4 percent. Other measures, however, confirmed continued strength in housing -- pending home sales rose 0.9 percent, exceeding expectations, and the Case-Shiller house price index recorded another solid increase.” – Sean Becketti, chief economist, Freddie Mac

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.