CURRENT MARKET SURVEY

Weekly Mortgage Interest Rate Report September 24, 2015

Week ending on 09/24/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 3.86% 0.7 N/A  15 Year Fixed Rate 3.08% 0.6 N/A  5/1-Year Adjustable Rate 2.91% 0.5 2.74  1 Year Adjustable Rate 2.53% 0.2 2.74  Week ending on 09/17/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 3.91% 0.6 N/A  15 Year Fixed Rate 3.11% 0.6 N/A  5/1-Year Adjustable Rate 2.92% 0.5 2.74  1 Year Adjustable Rate 2.56% 0.2 2.74 “Global growth concerns and lackluster inflation convinced the Fed to defer a hike in the Federal funds rate. In response, Treasury yields fell about 9 basis points over the week. In response, the interest rate on 30-year fixed rate mortgages dropped by 5 basis points. Mortgage rates have remained below 4 percent for 9 consecutive weeks. These low mortgage rates have supported strong home sales, and 2015 is on pace to have the highest home sales total 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 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.

MARKETING CORNER

Facebook Rolls Out 3-D Video Capability

DAILY REAL ESTATE NEWS | THURSDAY, SEPTEMBER 24, 2015

Now you can show off your real estate listings in 3-D on Facebook.

The social-networking giant announced Wednesday that its news feed now supports 360-degree videos on the Web and Android smartphones. Apple's iOS will be getting the added feature in the coming months.

Facebook collaborated with Oculus, a virtual-reality headset maker it purchased for $2 billion last year, in bringing the technology to its site. Mobile users are able to swipe a 360-degree video on Facebook or just tilt their phone to view the content from different angles. On the Web, users can drag the video with their mouse to view more angles.

READ MORE

CE CORNER

Agent CE Class: Certified Military Residential Specialist

Please join us for this very special event! Details and registration HERE

Fairway Independent Mortgage Corporation, through its American Warrior Initiative, invites you to attend a very special Certified Military Residential Specialist Boot Camp, a 3 hour continuing education and certification event for real estate professionals. 

The objective in offering the Certified Military Residential Specialist Program is to provide a platform whereby real estate professionals can be trained and equipped to handle with excellence the home purchase needs of active duty and former military clients.  

The mission of Fairway’s American Warrior Initiative is to educate, encourage and inspire Americans to give back to our active duty and veteran clients.   A key part of this initiative is the education platform for real estate professionals.  Please check out the videos on www.AmericanWarriorInitiative.com to see how AWI has changed the lives of many of the wounded heroes of America in 2014/2015. 

- - Immediately following the CE course, Sean Parnell will share with the audience some of his experiences while serving in U.S. Army in Afghanistan.  Captain Parnell is the NY Times best-selling author of Outlaw Platoon and a combat veteran, who penned the story of his platoon’s crucible of combat in Eastern Afghanistan.   Captain Parnell will be on-hand to autograph copies of his book immediately following the event. 

This is a unique  opportunity to become a “watchdog” for the warrior by pursuing excellence in serving the home purchase needs of military and veteran clients.  

Agenda

12:30pm – Registration

1pm – 4pm  CMRS Training

4pm – 4:30pm  Sean Parnell Speaks

When

Tuesday, October 6, 2015
12:30PAM - 4:30 PM

Where

Falcon Field Airport Hangar
4800 East Falcon Drive
Mesa, Arizona 85215

*This continuing education course is approved for General CE credit through Advantage Solutions Group, LLC • 4000 N Dust Devil Drive, Tucson, AZ 85739 • 520-344-0209

MARKET NEWS

Mortgage rates retreat after Federal Reserve holds off on rate hike

Credit: Kathy Orton, Washington Post, September 24, 2015

Mortgage rates retreated this week after the Federal Reserve’s decision not to raise its benchmark interest rate, according to data released Thursday by Freddie Mac.

Concerns about the worldwide economy, volatility in the U.S. stock market, and sluggish job and wage growth contributed to the Fed’s decision to hold off on a rate increase. Those same apprehensions had a dampening effect on mortgage rates. That’s good news for home buyers and homeowners looking to refinance.

READ MORE

CURRENT MARKET SURVEY

Weekly Mortgage Interest Rate Report September 17, 2015

Week ending on 09/17/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 3.91% 0.6 N/A  15 Year Fixed Rate 3.11% 0.6 N/A  5/1-Year Adjustable Rate 2.92% 0.5 2.74  1 Year Adjustable Rate 2.56% 0.2 2.74  Week ending on 09/10/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 3.90% 0.6 N/A  15 Year Fixed Rate 3.10% 0.7 N/A  5/1-Year Adjustable Rate 2.91% 0.5 2.74  1 Year Adjustable Rate 2.63% 0.3 2.74 “The Treasury market was relatively quiet this week, and as a result the 30-year mortgage rate barely budged. Inflation fell shy of expectations in August, up 0.2 percent over the past year, but core consumer prices increased 1.8 percent year-over-year. Low mortgage rates help to support housing markets, which continue to bring good news. The National Association of Home Builders' HMI came in above expectations at 62, which is a ten year high.” – 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 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.

Andy Andrews LIVE - A Smashing Success!

Fairway would like to extend a HUGE thank you to the 748 Real Estate Professionals and Sponsors who attended Andy Andrews LIVE in Arizona on September 15th, 2015!

We are so pleased with the turnout and energy of the crowd! What an incredible and inspiring presentation from Andy! And CONGRATS to Vic Huerta, winner of the "Chicago Title Tweet to Win" contest! Enjoy your new MacBook Pro Vic!

                            Click on the collage below to see the first round of photos from the event!

CE CORNER

Fairway's American Warrior Initiative CE Class/Veteran Event for Real Estate Agents Making News Across the U.S.

- Tour hits Arizona, October 6th, 2015

The below news report is just one of example of the many Veteran stories being told by news stations and publications throughout the country as the CMRS Tour continues in 2015.

Fairway Independent Mortgage Corporation, through its American Warrior Initiative, offers the Certified Military Residential Specialist (CMRS) Program to provide a platform whereby real estate professionals can be trained and equipped to handle with excellence the home purchase needs of active duty and former military clients.

At each tour stop a Veteran is selected and honored at the event in addition to receiving a donation raised by local real estate agents and loan officers.

The mission of Fairway’s American Warrior Initiative is to educate, encourage and inspire Americans to give back to our active duty and veteran clients.   A key part of this initiative is the education platform for real estate professionals.  

Immediately following the CE course, Sean Parnell shares with the audience some of his experiences while serving in U.S. Army in Afghanistan.  Captain Parnell is the NY Times best-selling author of Outlaw Platoon and a combat veteran, who penned the story of his platoon’s crucible of combat in Eastern Afghanistan.   Captain Parnell will be on-hand to autograph copies of his book immediately following the event. 

This is a unique  opportunity to become a “watchdog” for the warrior by pursuing excellence in serving the home purchase needs of military and veteran clients. 

For more information on the CMRS Tour and the October 6th stop in Arizona, visit www.CMRSevents.com

Boston News, Weather, Sports | FOX 25 | MyFoxBoston

MARKET NEWS

Fed Leaves Interest Rates Unchanged

NY Times - Binyamin Appelbaum Sept. 17, 2015

WASHINGTON — One of the longest economic expansions in American history remains so fragile that the Federal Reserve said on Thursday it would postpone any retreat from its stimulus campaign.

Janet L. Yellen, the Fed’s chairwoman, described the decision as a close call and said the central bank still expected to raise interest rates later this year. The Fed has kept its benchmark interest rate close to zero since late 2008, when the nation’s economy was at the depths of crisis.

READ MORE

#NeverForget

Have a safe and thoughtful weekend. #NeverForget

CURRENT MARKET SURVEY

Weekly Mortgage Interest Rate Report September 10, 2015

Week ending on 09/10/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 3.90% 0.6 N/A  15 Year Fixed Rate 3.10% 0.7 N/A  5/1-Year Adjustable Rate 2.91% 0.5 2.74  1 Year Adjustable Rate 2.63% 0.3 2.74  Week ending on 09/03/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 3.89% 0.6 N/A  15 Year Fixed Rate 3.09% 0.6 N/A  5/1-Year Adjustable Rate 2.93% 0.4 2.74  1 Year Adjustable Rate 2.62% 0.3 2.74 “Following a shortened week, mortgage rates were virtually unchanged, inching up 1 basis point to 3.90 percent. The employment report released last Friday provided mixed signals, adding one more note of uncertainty prior to the Fed's September meeting. The unemployment rate dropped to 5.1 percent in August, the lowest rate since April 2008, but only 173,000 jobs were added, well below expectations. Wages grew 2.2 percent, a neutral indication at best.” – 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 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.

IN THE LOOP WITH ANDY ANDREWS: PODCAST

Looking forward to seeing all of you ticket holders at Andy Andrews LIVE this coming Tuesday! Take a listen to Andy's current Podcast by clicking the image below!

On this week’s episode, we’re finishing up our series on discussing my office and the items that bring me a spirit of gratefulness, belief, opportunity, and achievement.

Tune in to this week’s episode to hear about:

• The book that I’ve read in its entirety every month for over 30 years. (I’m shocked that I still get new understanding from some of these things…)
• The award from the Center for Healthy Families that reminds me to be obedient, seek wisdom, and that I make a difference.
• The gift Adam made me for Father’s Day.
• How islanders would pull sharks to the shore hundreds of years ago.
• The item Civil War officers used to brush the day’s dirt away, and why it reminds me to move forward and look towards another day.
• What started me on the path towards learning the Seven Decisions.

- See more at: http://www.andyandrews.com/episode-201/#sthash.wcxpAsJ9.dpuf

©2009-2015 Andy Andrews. Used by Permission. Originally posted on AndyAndrews.com. - See more at: http://www.andyandrews.com/episode-201/#sthash.wcxpAsJ9.dpuf

CE CORNER

Agent CE Class: Certified Military Residential Specialist

Please join us for this very special event! Details and registration HERE

Fairway Independent Mortgage Corporation, through its American Warrior Initiative, invites you to attend a very special Certified Military Residential Specialist Boot Camp, a 3 hour continuing education and certification event for real estate professionals. 

The objective in offering the Certified Military Residential Specialist Program is to provide a platform whereby real estate professionals can be trained and equipped to handle with excellence the home purchase needs of active duty and former military clients.  

The mission of Fairway’s American Warrior Initiative is to educate, encourage and inspire Americans to give back to our active duty and veteran clients.   A key part of this initiative is the education platform for real estate professionals.  Please check out the videos on www.AmericanWarriorInitiative.com to see how AWI has changed the lives of many of the wounded heroes of America in 2014/2015. 

- - Immediately following the CE course, Sean Parnell will share with the audience some of his experiences while serving in U.S. Army in Afghanistan.  Captain Parnell is the NY Times best-selling author of Outlaw Platoon and a combat veteran, who penned the story of his platoon’s crucible of combat in Eastern Afghanistan.   Captain Parnell will be on-hand to autograph copies of his book immediately following the event. 

This is a unique  opportunity to become a “watchdog” for the warrior by pursuing excellence in serving the home purchase needs of military and veteran clients.  

Agenda

12:30pm – Registration

1pm – 4pm  CMRS Training

4pm – 4:30pm  Sean Parnell Speaks

When

Tuesday, October 6, 2015
12:30PAM - 4:30 PM

Where

Falcon Field Airport Hangar
4800 East Falcon Drive
Mesa, Arizona 85215

*This continuing education course is approved for General CE credit through Advantage Solutions Group, LLC • 4000 N Dust Devil Drive, Tucson, AZ 85739 • 520-344-0209

MARKET NEWS

Mortgage rates largely steady ahead of Fed decision

Published: Sept 10, 2015 10:00 a.m. ET

By

STEVEGOLDSTEIN

D.C. BUREAU CHIEF

Mortgage rates were little changed ahead of the Federal Reserve's key rate decision next week, mortgage buyer Freddie Mac said Thursday. The 30-year fixed rate mortgage averaged 3.90% in the week ending Sept. 10, up from 3.89. The 15-year fixed-rate mortgage averaged 3.10%, up from 3.09%, and the 1-year Treasury-indexed adjustable rate mortgage averaged 2.63%, up from 2.62%. The 5-year Treasury-indexed hybrid ARM averaged 2.91%, down from 2.93%.

Happy Labor Day Weekend!

CURRENT RATE SURVEY

Weekly Mortgage Interest Rate Report September 3, 2015

Week ending on 09/03/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 3.89% 0.6 N/A  15 Year Fixed Rate 3.09% 0.6 N/A  5/1-Year Adjustable Rate 2.93% 0.4 2.74  1 Year Adjustable Rate 2.62% 0.3 2.74  Week ending on 08/27/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 3.84% 0.6 N/A  15 Year Fixed Rate 3.06% 0.6 N/A  5/1-Year Adjustable Rate 2.90% 0.4 2.74  1 Year Adjustable Rate 2.62% 0.3 2.74 “The 30-year mortgage rate increased 5 basis points, but don't read too much into that. The Fed took great pains at the Jackson Hole conference to keep all their options open and to avoid making too much – or too little – of the situation in China and the volatility in global equity markets. This Friday's employment report is the last piece of significant, solid evidence the FOMC will have to consider before their September decision. There won't be a clear direction for mortgage rates until the Fed makes its September decision, at the earliest.” – 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 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.

Agent CE Class: Certified Military Residential Specialist

Agent CE Class: Certified Military Residential Specialist

Please join us for this very special event! Details and registration HERE

Fairway Independent Mortgage Corporation, through its American Warrior Initiative, invites you to attend a very special Certified Military Residential Specialist Boot Camp, a 3 hour continuing education and certification event for real estate professionals. 

The objective in offering the Certified Military Residential Specialist Program is to provide a platform whereby real estate professionals can be trained and equipped to handle with excellence the home purchase needs of active duty and former military clients.  

The mission of Fairway’s American Warrior Initiative is to educate, encourage and inspire Americans to give back to our active duty and veteran clients.   A key part of this initiative is the education platform for real estate professionals.  Please check out the videos on www.AmericanWarriorInitiative.com to see how AWI has changed the lives of many of the wounded heroes of America in 2014/2015. 

- - Immediately following the CE course, Sean Parnell will share with the audience some of his experiences while serving in U.S. Army in Afghanistan.  Captain Parnell is the NY Times best-selling author of Outlaw Platoon and a combat veteran, who penned the story of his platoon’s crucible of combat in Eastern Afghanistan.   Captain Parnell will be on-hand to autograph copies of his book immediately following the event. 

This is a unique  opportunity to become a “watchdog” for the warrior by pursuing excellence in serving the home purchase needs of military and veteran clients.  

Agenda

12:30pm – Registration

1pm – 4pm  CMRS Training

4pm – 4:30pm  Sean Parnell Speaks

When

Tuesday, October 6, 2015
12:30PAM - 4:30 PM
 

Where

Falcon Field Airport Hangar
4800 East Falcon Drive
Mesa, Arizona 85215

*This continuing education course is approved for General CE credit through Advantage Solutions Group, LLC • 4000 N Dust Devil Drive, Tucson, AZ 85739 • 520-344-0209