Weekly Mortgage Interest Rate Report May 28, 2015

Weekly Mortgage Interest Rate Report May 28, 2015

Week ending on 05/28/15 Interest Rate Points & Fees Margin  30 Year Fixed Rate 3.87% 0.6 N/A  15 Year Fixed Rate 3.11% 0.5 N/A  5/1-Year Adjustable Rate 2.90% 0.5 2.74  1 Year Adjustable Rate 2.50% 0.3 2.74

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.

“Mortgage rates rose to the highest level in 2015 following positive housing market data. New home sales surged 6.8 percent to an annual pace of 517,000 units in April. Although existing home sales slipped 3.3 percent to a seasonally-adjusted pace of 5.04 million units, sales are up 6.1 percent on a year-over-year basis. The S&P/Case-Shiller 20-city home price index also posted a solid gain of 5 percent over the 12-months ending in March 2015.”

– Len Kiefer, deputy chief economist, Freddie Mac

August 1 TRID Changes. We are prepared and here to help!

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 all 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!

The EDGE Event - Seats are going fast!

Seats are filling up rapidly for The EDGE Event Realtor® Business Building Mega Class! This is a 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

Arizona Cities Rank Among Most Balanced U.S. Housing Markets

Arizona Cities Rank Among Most Balanced U.S. Housing Markets

Homes selling at market value in 14 percent of markets

In the 315 counties studied there were 44 (14 percent) where homes on average sold for 100 percent of their estimated full market value — including Maricopa County, Arizona In the Phoenix metro area, Riverside County in inland Southern California, Montgomery County, Maryland in the Washington, DC metro area, Fulton County, Georgia in the Atlanta metro area, and Wake County, North Carolina in the Raleigh metro area.

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Weekly Mortgage Interest Rate Report Week Ending May 14, 2015

Weekly Mortgage Interest Rate Report

Week Ending May 14, 2015

Data Provided by Freddie Mac's Primary Mortgage Market Survey®

Week ending on 05/21/15 Interest Rate Fees & Points Margin  30 Year Fixed Rate 3.84% 0.7 N/A  15 Year Fixed Rate 3.05% 0.6 N/A  5/1-Year Adjustable Rate 2.88% 0.5 2.74  1 Year Adjustable Rate 2.51% 0.4 2.74

This is not intended as an advertisement of interest rates as defined by Regulation Z, Section 226.24. Data is provided by Freddie Mac's Primary Mortgage Market Survey (PMMS) and 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. Weekly Commentary by Len Kiefer, deputy chief economist, Freddie Mac "Mortgage rates were little changed this week amid positive housing news. Housing starts surged 20.2 percent to a seasonally adjusted pace of 1.14 million units in April, the highest level since 2007. As homebuying season moves into full swing, home builders remain positive about home sales in the near future. Although the NAHB housing market index slipped 2 points to 54 in May it is still above 50, indicating that on balance builders remain optimistic about housing markets."

Realtor® Business Building Mega Class!

CREDIT EDGE EVENTREALTOR® BUSINESS BUILDING MEGA CLASS

Event to be held at the following time, date, and location:

Thursday, June 25, 2015 from 2:00 PM to 4:00 PM (MST) The Scottsdale Plaza Resort 7200 North Scottsdale Road Paradise Valley, AZ 85253 View Map

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Join us for a Free Realtor® Business Building Mega Class!  Thursday June 25, 2015 The Scottsdale Plaza Resort 2pm - 4pm with Sponsored Happy Hour at Hotel immediately following  • Build Your Pipeline   • Close More Transactions   • Convert Turn-Downs Into Closed Deals   • Recruit, Incubate and Close Credit Challenged Clients in as       little as 90 days!    Registration required, seating is limited! We hope you can make it! Share this event on Facebook and Twitter

FHA Streamlined 203(k) Product

Inventory is low. Do you have a Client who can't seem to find the right home? That NEVER happens, right?! Maybe they actually have found the right home, but don't know it! An FHA Streamlined 203(k) Loan may help with those buyers!

Ask your Fairway Loan Officer for more information today!