Market Update

Market Update

Friday, September 11, 2015

MARKET NEWS

Mortgage rates largely steady ahead of Fed decision

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

By
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%.

Friday, September 4, 2015

Happy Labor Day Weekend!


CURRENT RATE SURVEY

Weekly Mortgage Interest Rate Report
September 3, 2015
 Week ending on 09/03/15Interest
Rate
Points
& Fees
Margin
 30 Year Fixed Rate3.89%0.6N/A
 15 Year Fixed Rate3.09%0.6N/A
 5/1-Year Adjustable Rate2.93%0.42.74
 1 Year Adjustable Rate2.62%0.32.74
 Week ending on 08/27/15Interest
Rate
Points
& Fees
Margin
 30 Year Fixed Rate3.84%0.6N/A
 15 Year Fixed Rate3.06%0.6N/A
 5/1-Year Adjustable Rate2.90%0.42.74
 1 Year Adjustable Rate2.62%0.32.74
“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

MacBook Pro Tweet to Win at Andy Andrews!


We are very excited to announce we'll be giving away a MacBook Pro during our upcoming Andy Andrews LIVE event! Thank you Brian Peitz and Chicago Title for that wonderful prize donation!
We've been busy getting special Swag Bags, Program Books, Camera Crew and more fun surprises together for you! Over 1,100 tickets are spoken for with under 2 weeks to go! Get your tickets now before we're sold out!
-
Do you know who Zig Ziglar calls the BEST speaker he’s ever seen? Andy Andrews! And he’s coming to Scottsdale LIVE in person Tuesday, Sept 15 to share his 7 Decisions That Determine Personal Success.
Tickets are only $25 with a portion of proceeds to benefit House of Heroes Arizona.
PLUS one lucky attendee will win a MacBook Pro and get their picture taken with Andy during the "Chicago Title Tweet To Win Contest"!
Can’t be there? 
Tune into our LIVE TWEETS on Twitter! ‪#‎andyandrews‬ ‪#‎liveinaz‬
Event brought to you by Fairway Independent Mortgage AZ | Follow us on Twitter! @FairwayArizona

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MARKETING CORNER

13 Instagram Marketing Tips From the Experts

SOURCE: Social Media Examiner


Want to improve your Instagram marketing?
Are you interested in the latest tips and tools for Instagram?
Instagram is a fast-growing platform and businesses are eager to establish a presence and encourage engagement on the network.
We asked social media experts to share their hottest Instagram tips.
Here’s what they had to say.

NEW CHANGES MAKE IT EASIER TO GET A MORTGAGE

4 Ways Getting a Mortgage Just Got Easier



The challenges consumers have faced in recent years in procuring a mortgage may be coming to an end. Here are four major changes that could make it easier for you to get a mortgage.