| Weekly Mortgage Interest Rate Report August 27, 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 1026.2. 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. |
Market Update
Friday, August 28, 2015
CURRENT RATE SURVEY
ALMOST SOLD OUT!
Seats for Andy Andrews LIVE: 7 Decisions That Determine Personal Success are almost gone! A few exciting updates on the event to report:
• We will be Live Tweeting the event. Attendees who join the Live Tweet using the designated hashtag will be entered to win a 2015 MacBook Pro 13" with Retina Display courtesy of Brian Peitz with Chicago Title. The more you tweet the greater your chances of winning! *Must be present to win.
• Camera crew will be on hand to catch the whole event and get interviews from Sponsors and Attendees!
• After Andy's presentation, we will be honoring a local AZ Veteran with a Home Repair Package in partnership with House of Heroes Arizona! House of Heroes is a national organization dedicated to repairing homes and providing ADA upgrades for the homes of Military, Police, Fire & EMT Heroes across the country!
• We will be Live Tweeting the event. Attendees who join the Live Tweet using the designated hashtag will be entered to win a 2015 MacBook Pro 13" with Retina Display courtesy of Brian Peitz with Chicago Title. The more you tweet the greater your chances of winning! *Must be present to win.
• Camera crew will be on hand to catch the whole event and get interviews from Sponsors and Attendees!
• After Andy's presentation, we will be honoring a local AZ Veteran with a Home Repair Package in partnership with House of Heroes Arizona! House of Heroes is a national organization dedicated to repairing homes and providing ADA upgrades for the homes of Military, Police, Fire & EMT Heroes across the country!
Don't miss this incredible event! Get tickets HERE
Agent CE Class
Agent CE Class: Certified Military Residential Specialist
Please join us for this very special event! Details and registration HERE
Market Watch
Mortgage rates fall to lowest level since May Published: Aug 27, 2015 10:00 a.m. ET
By
STEVE
GOLDSTEIN
WASHINGTON (MarketWatch) -- Market turmoil has pushed the benchmark mortgage rate to the lowest level since May, mortgage buyer Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.84% for the week ending Aug. 27, down from 3.93%. The 15-year fixed-rate mortgage averaged 3.06%, down from 3.15%; the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.9%, down from 2.94%; and the 1-year Treasury indexed ARM stayed at 2.62%. "There are indications though that the unsettled state of global markets will make the Fed think twice before taking any action on short-term interest rates in September. If that's the case, the 30-year mortgage rate may remain subdued in the short-to-medium term, providing support for continued strength in the housing sector," said Sean Becketti, chief economist of Freddie Mac, in a statement.
Friday, August 21, 2015
RATE SURVEY
| Weekly Mortgage Interest Rate Report August 20, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||
| 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 1026.2. 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. |
HUGE NEWS!
WIN A MACBOOK PRO!
A very special thank you goes out to Brian Peitz and Chicago Title who will be giving away a brand new Apple MacBook Pro 13' with Retina Display at our upcoming event Andy Andrews LIVE: 7 Decisions That Determine Personal Success
You must get a ticket and be in attendance to win. During the event, which we will be Live Tweeting, attendees will be asked to Tweet, Facebook and Instagram a special hashtag to be entered to win.
At the end of the event the winner will be announced and receive their prize on the spot!
Click the link below to get your tickets and stay tuned for more details on the Social Media Campaign and how to enter more than once!
GET TICKETS HERE
Rate News
Average US rate on 30-year mortgage eases to 3.93 percent
WASHINGTON (AP) — Average long-term U.S. mortgage rates edged lower this week, with the key 30-year loan rate remaining under 4 percent.
Mortgage giant Freddie Mac said Thursday the average rate on a 30-year fixed-rate mortgage ticked down to 3.93 percent from 3.94 percent a week earlier. A year ago, the average rate was 4.10 percent.
The rate on 15-year fixed-rate mortgages eased this week to 3.15 percent from 3.17 percent.
Marketing Corner
Content marketing takes time, effort and dedication.
But you’re pressed for time everyday. You can’t seem to get around to everything on your to-do list -- much less invest the time required for effective content marketing.
So, you just give up. If you can’t do it 110%, you might as well not do it at all? Right?
Wrong.
Yes, it would be great if you could spend hours on content marketing everyday. And it’d be even better if you had the budget to hire an expert.
Phoenix Market News
Phoenix ranks as sixth best U.S. real estate market
Houston-based commercial real estate firm Situs RERC ranked 48 U.S. metro areas on the attractiveness of their commercial real estate markets for future investments.
Phoenix came in sixth behind only Austin, San Antonio, Raleigh, Dallas and Orlando.
Brian Velky, managing director of fiduciary and valuation services for Situs, said Phoenix has better price values than more expensive “primary” U.S. markets such as Los Angeles, New York, San Francisco and Boston. Velky also said Phoenix has good growth projects for population and job gains.
... SEE MORE
Friday, August 14, 2015
Weekly Mortgage Interest Rate Report August 13, 2015
| Weekly Mortgage Interest Rate Report August 13, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||
| 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 1026.2. 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 REAL ESTATE CE CLASS - REGISTRATION NOW OPEN!
Registration is now open for the upcoming CMRS CE Boot Camp for Agents on October 6th with special guest speaker Sean Parnell, NY Times Best Selling Author of Outlaw Platoon!
3 General CE Credit Hours with certification as a
Military Residential Specialist!
Course is $20 with Partial Proceeds Benefitting Local Veteran Charity
Marketing Corner: Scope the Market!
The previous post about using Periscope as a safer, more efficient technique for open houses generated a lot of buzz! Due to the interest, I wanted to follow up with a post outlining some tips and tricks for Realtors® using Periscope.
Things to Do
- DO keep location turned on during your real estate scope. This will tell people where the home is located, and will allow you to be found by people searching a specific city or area.
- DO use emojis. Emojis are small cartoon-like icons that demonstrate emotion or playful actions. This will help you be more relatable to your clients, and home-shaped emojis will also help you stand out as a Realtor®!
- DO just jump in and do it! You’ll learn something new every time. Folks are scoping all kinds of random things, so don’t be shy!
- DO plan a descriptive and catchy title. The title will bring people in.
- DO announce who you are and what you plan to talk about in the beginning. Then, every few minutes, do a quick recap for folks who may have just joined.
- DO answer common real estate questions. Do a Q&A scope, or cover a specific topic!
- DO be an early adopter. If you get in now, you can be one of the key real estate experts.
- DO schedule a private scope with one or two people to try it out and test features. Then, when you do your first public one, you’ll be ready!
If you want a test buddy, let me know! I’m happy to help you. I’m @NadineLarder.
Things NOT to Do
- DO NOT scope and drive. If you see someone else doing so, exit the scope to discourage them.
- DON’T ignore questions or comments. You’re there to interact! You can, however, say that you’re going to share and then take questions/comments at the end.
- DON’T interrupt your sentence to answer a question or comment. It’s frustrating for those listening to your content.
- DON’T use more than one hashtag. Your scope will have #Periscope added automatically, so by using an additional hashtag, you will end up with two. Any more than that looks cluttered.
- DON’T think you need perfect hair and makeup and a practiced script. Know what you want to talk about, but be natural about it.
- DON’T be afraid to block trolls. Some folks will make dumb or inappropriate comments. Tap on their name, tap on “block”, and move on.
- DON’T have your camera below eye level. Folks don’t want to see up your nose. It’s best to hold the camera level with your face and look into the camera hole, so it looks like you’re making eye contact.
- DON’T forget a call-to-action. Tell folks where they can find you online, on Facebook, and on Twitter. Offer a free download on your website so you can build your email list!
Periscope is a new world, and everyone using it is a newbie. It’s a great time to jump in, establish yourself as a real estate expert, and learn how to make great use of this platform. You’ll be learning right along with the rest of us!
The Water Cooler
Excellent share for your Social Media Real Estate Business Pages! Just copy and paste the link and content below.
COPY/PASTE:
August is National Curb Appeal Month! Find out how to improve your home's look without a lot of cash. http://bit.ly/1ItWoxt
COPY/PASTE:
August is National Curb Appeal Month! Find out how to improve your home's look without a lot of cash. http://bit.ly/1ItWoxt
Friday, August 7, 2015
Rate Report
| Weekly Mortgage Interest Rate Report August 6, 2015 | ||||||||||||||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||||||||||||||
| 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. |
Upcoming TRID Changes
Effective October 3, 2015
1. Use a “Day 1” mentality of doing things today - not tomorrow, not next week, TODAY.
2. Submit contract addendums and required documents to your Loan Officer as soon as possible.
3. Advise buyers to choose their homeowners agent the first week of the contract instead of waiting to decide.
4. Send the title by the end of the first week so you can move everything up in the process – termite, title, closing agent information, etc.
5. Pay special attention to Homeowners Associations (HOA) to avoid last minute surprises – including knowing if there is an HOA and what/when fees are due.
6. Give your clients realistic expectations especially if repairs are required and/or if they are using a Bond loan - additional days may be required in these situations.
7. Use settlement agents who are timely.
8. Stay in constant communication with all parties to avoid last minute changes.
9. Price changes for new construction should be a minimum of 30 days prior to settlement, if not sooner.
10. Be familiar with your lenders process for issuing Closing Disclosure (CD)
Contact your Fairway Loan Officer for more information and materials or to schedule an in-house training.
Community
2015 9/11 Memorial Healing Field
This is an incredible local cause and we at Fairway are proud to help support in any way we can.
Please donate if you are able and share on your Social Media pages. Information and links to donate are below.
September 11, 2001, a day in our life times that is seared in our memory. In an effort to bring healing to our community and country, the Exchange Club of Tempe along with the Valley of the Sun Exchange Clubs Foundation, is preparing to present the 12th annual 9/11 Healing Field Memorial at Tempe Town Lake in Tempe Arizona.
This living memorial to the nearly 3,000 lives lost has become one of our country's signature memorials each year. Nearly 400 volunteers meet each year to pound in nearly 3,000 pieces of rebar and erect an 8' tall American Flag. They then place a name card with short bio in each flag which personalizes the field.
This event does come with a very large cost and we need your help. donations as little as $5 are appreciated and our goal of $25,000 will almost cover 2/3 of the costs to bring this free event to the community.
The Valley of the Sun Exchange Foundation is a tax exempt 501c(3) organization.
For more information visit: www.facebook.com/september11healingfield
Donate Here:
Please donate if you are able and share on your Social Media pages. Information and links to donate are below.
September 11, 2001, a day in our life times that is seared in our memory. In an effort to bring healing to our community and country, the Exchange Club of Tempe along with the Valley of the Sun Exchange Clubs Foundation, is preparing to present the 12th annual 9/11 Healing Field Memorial at Tempe Town Lake in Tempe Arizona.
This living memorial to the nearly 3,000 lives lost has become one of our country's signature memorials each year. Nearly 400 volunteers meet each year to pound in nearly 3,000 pieces of rebar and erect an 8' tall American Flag. They then place a name card with short bio in each flag which personalizes the field.
This event does come with a very large cost and we need your help. donations as little as $5 are appreciated and our goal of $25,000 will almost cover 2/3 of the costs to bring this free event to the community.
The Valley of the Sun Exchange Foundation is a tax exempt 501c(3) organization.
For more information visit: www.facebook.com/september11healingfield
Donate Here:
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