Festive Wreaths for Autumn

 

Festive Wreaths for Autumn

Autumn is here! Give your front door some flair with a festive fall wreath. With a little work and a trip to your local craft store, you can use these ideas to create something unique.

Image via Trendy Tree

Using a wire wreath frame, poly deco mesh, and some fall foliage, you can create a beautiful mesh fall wreath! View instructions here or watch this video.

Image via Artsy Chicks Rule

Pick up some autumn foliage items from your local craft store and hot glue them to a grape vine wreath. The dried oranges can be made at home and will add a nice fragrance! Click here for a tutorial.

Image via Larissa Another Day

Hot glue pinecones to a store-bought wreath form to create this perfect fall accent! You can also hang the wreath from your door with a piece of fabric for a pop of color. View more here.

Image via Pioneer Settler

Purchase a wooden letter from your local craft store to create a monogram wreath! Paint the letter in the color of your choice and attach it, along with some fall flowers and accents using hot glue to a grapevine wreath! View instructions here.

For more festive autumn wreath ideas, click here.

This is the perfect time of year to add some festive décor to your home! If you are interested in buying a new home before the New Year, call me and we can talk through some of your mortgage options.

 

Jonathan Burdick 13835 N Northsight Blvd Ste 101, Scottsdale, AZ 85260 NMLS ID 1045837 Direct 602-903-5448 Mobile 480-326-1982 Fax 1-866-380-3270 jon.burdick@fairwaymc.com www.ArizonaLending.Net   Confidentiality Notice: The information contained in and transmitted with this communication is strictly confidential, is intended only for the use of the intended recipient, and is the property of Fairway Independent Mortgage Corporation NMLS #2289 or its affiliates and subsidiaries. If you are not the intended recipient, you are hereby notified that any use of the information contained in or transmitted with the communication or dissemination, distribution, or copying of this communication is strictly prohibited by law. If you have received this communication in error, please immediately return this communication to the sender and delete the original message and any copy of it in your possession.

 

Mortgage Rates Steady to Slightly Higher

Mortgage Rates Steady to Slightly Higher

Mortgage Rateswere unchanged for a third straight day, although several lenders did raise rates at the end of the day.  That can happen when underlying bond markets (which dictate mortgage rates) move by a certain amount.  There’s no set formula for the amount of movement that will result in any given lender changing rates in the middle of the day, but it’s not uncommon to see the less aggressive lenders simply wait for tomorrow before adjusting rates to match market conditions.

All of the above is a fancy way of saying that rates would be slightly higher tomorrow if bond markets don’t change between now and then.  Lenders continue quoting conventional 30yr fixed rates of 3.5% on top tier scenarios, with the runners-up being 3.625% and 3.375% in that order.

Keep in mind that Wednesday afternoon brings the FOMC Announcement (where the Fed releases its updated policy statement).  This can be a significant source of volatility for rates markets.  That said, volatility could already be picking up as the Bank of Japan releases its own policy update earlier in the morning.  Although markets (and rates) can go either way in response to these events, big, negative reactions tend to happen faster and more abruptly than big, positive reactions.

Loan Originator Perspective

My rate sheets were largely unchanged from Friday today, but bond markets sold off slightly this afternoon, meaning tomorrow’s may worsen slightly.  The week’s big events unfold Wednesday, with both a Bank of Japan (their version of the Fed) and actual Fed statement.  If BOJ and/or Fed rhetoric stress economic growth or less accommodative monetary policy, it’s virtually guaranteed rates will rise.  Floating into Wednesday is a high risk proposition, with (in my mind) insufficient rewards for the risk.  My pipeline of loans closing in the next 45 days are locked.  Floaters beware.

Today’s Best-Execution Rates

• 30YR FIXED – 3.5%
• FHA/VA – 3.25%
• 15 YEAR FIXED – 2.75%
• 5 YEAR ARMS –  2.75 – 3.25% depending on the lender

Ongoing Lock/Float Considerations

• In the biggest of pictures, “global growth concerns” remain the driving force behind the long-term trend toward lower rates

• Amid that trend, periodic corrections toward higher rates can and will happen.  These can happen for no apparent reason, or they can be brought on by changes in expectations surrounding central bank policy at home and abroad, as well as geopolitical and systemic risks
• Time horizon and risk tolerance are 2 variables to consider when it comes to locking.  If you have plenty of time and don’t mind losing some ground, set a limit as to how much higher rates could go before you’d lock to avoid further losses, and then float in the hopes of never seeing that limit.
• In the shorter-term, it’s always good to look for lock opportunities after rates have been moving lower or sideways repeatedly, especially if they’ve since begun to move back up in any sort of consistent way.
• As always, please keep in mind that the rates discussed generally refer to what we’ve termed ‘best-execution‘ (that is, the most frequently quoted, conforming, conventional 30yr fixed rate for top tier borrowers, based not only on the outright price, but also ‘bang-for-the-buck.’  Generally speaking, our best-execution rate tends to connote no origination or discount points–though this can vary–and tends to predict Freddie Mac’s weekly survey with high accuracy.  It’s safe to assume that our best-ex rate is the more timely and accurate of the two due to Freddie’s once-a-week polling method).

Reference Mortgage News Daily

 

Jonathan Burdick-Specializes in all loan products and licensed in Arizona

Xperity Lending Group/Arizona Lending Resource

Scottsdale Arizona 85260

602-212-1234          

NMLS # 1045837

http://www.ArizonaLending.Net

Fairway Independent Mortgage Company

NMLS Entity ID 2289

Equal Housing Lender

Confidentiality Notice: The information contained in and transmitted with this communication is strictly confidential, is intended only for the use of the intended recipient, and is the property of Fairway Independent Mortgage Corporation NMLS #2289 or its affiliates and subsidiaries. If you are not the intended recipient, you are hereby notified that any use of the information contained in or transmitted with the communication or dissemination, distribution, or copying of this communication is strictly prohibited by law. If you have received this communication in error, please immediately return this communication to the sender and delete the original message and any copy of it in your possession.

 

Trust Me to Pilot You Through Your Loan

Trust Me to Pilot You Through Your Loan

August 22, 2016

We have all seen the commercials for mortgage companies who claim that you can push a button and receive a magically fast mortgage that would be akin to being in a rocket. While exhilarating and potentially fun, traveling in a rocket may be a lot more than you bargained for. When you try to go very fast, things can be missed. Even with an experienced person at the controls, fast does not mean accurate or safe, and it might not get you there in one piece.

At Fairway Independent Mortgage Corporation, we know that the process of purchasing or refinancing a home is much more like a being a passenger on an airplane. When the journey begins, there is a lot of excitement. You feel a flutter in your heart and the anticipation is high. You count on the pilot to guide you to your destination safely and for the crew to assist and help you should anything happen.

For the pilot, even on the clearest day, there is the unknown. Even armed with the best intentions and all the technology available, weather, turbulence and delays can sometimes make the simplest flight harder to navigate.

During your mortgage experience, you can count on my crew and me to keep you safe. I will keep you informed throughout the process and warn you if there are times when you will be better off on one path or another. Much like how pilots use their expertise to navigate around storms and provide you with a smooth flight, I will use my expertise to guide you through the mortgage process quickly with as little turbulence possible.

While I cannot promise you a perfect flight, I can promise you that my team and I will utilize our experience and expertise to take you on the smoothest course possible. If we do hit some turbulence, we will do everything we can to make our way back to a smooth transaction while keeping you calm.

Rest assured that your best interest is my top priority throughout this transaction. My goal is that you will be delighted with the service I provide, and I will do everything in my power to deliver beyond your expectations throughout your journey toward homeownership.

Jonathan Burdick-Specializes in all loan products and licensed in Arizona

Xperity Lending Group/Arizona Lending Resource

Scottsdale Arizona 85260

602-212-1234

NMLS # 1045837

http://www.ArizonaLending.Net

Fairway Independent Mortgage Company

NMLS Entity ID 2289

Equal Housing Lender

Confidentiality Notice: The information contained in and transmitted with this communication is strictly confidential, is intended only for the use of the intended recipient, and is the property of Fairway Independent Mortgage Corporation NMLS #2289 or its affiliates and subsidiaries. If you are not the intended recipient, you are hereby notified that any use of the information contained in or transmitted with the communication or dissemination, distribution, or copying of this communication is strictly prohibited by law. If you have received this communication in error, please immediately return this communication to the sender and delete the original message and any copy of it in your possession.