September 22nd, 2017
Rates Effective September 22, 2017 10:30 AM EST
*30-Year Fixed Rate 3.875% (3.961%APR)
**15-Year Fixed Rate 3.250% (3.397% APR)
Conforming loans $424,100 and under
No origination fee on all posted rates. Call for other rates. ***Rate Assumptions below the news
Suggestions that can change during the day: Increased tensions between the U.S. and North Korea pushes Stock prices lower, which is boosting Bond prices. Carefully floating is recommended.
After close Commentary: Not a lot of movement in today's session as the week came to an end. There were no economic reports released today to impact trading today. The Fannie Mae 30-yr 3.5% coupon closed at 103.22, +12bp and closed right near support at the 50-day Moving Average. The Dow closed lower by 9.64 points to 22,349.59, the S&P 500 gained 1.62 points to 2,502.22, while the NASDAQ gained 4.22 points to end the week at 6,426.92. WTI oil settled at $50.66/barrel, near unchanged. 10-yr T Note yield 2.26%. Next week's economic calendar is packed with reports that will give the investing world a broad sense of the U.S. economic landscape. Have a great weekend!
Late morning Commentary: Coming Soon
What is the Great Unwind?
info from the article: The Federal Reserve has announced it will begin the great unwinding of the gargantuan stimulus programme it began close to a decade ago in the teeth of the worst recession in living memory.
Yellen, has said she is hopeful the unwinding will be as uneventful as “watching paint dry” and the Fed plans to reduce its balance sheet in such a slow and steady manner that it will not affect the wider economy.
|Fri, Sep 22 10:20 AM Next week, the Treasury will sell $26B 2-yr Notes on Tuesday, $34B 5s on Wednesday, and $28B 7s on Thursday.|
|Fri, Sep 22 10:13 AM Mortgage Bonds holding gains as the S&P churns near unchanged. 10-yr yield falls to 2.24%.|
|Fri, Sep 22 9:33 AM The S&P trades slightly lower soon after the opening bell on Wall Street.|
|Fri, Sep 22 8:31 AM Freddie Mac reports that it expects housing starts to increase to 1.33 million in 2018, up from 1.22 million in 2017.|
|Fri, Sep 22 8:23 AM There are no economic reports due for release today.|
|Fri, Sep 22 8:18 AM WTI oil at $50.36/barrel, -$0.18.|
|Fri, Sep 22 8:17 AM 10-yr yield declines to 2.25% from 2.27% at yesterday's close.|
|Fri, Sep 22 8:17 AM U.S. dollar index 91.78, -0.26.|
|Fri, Sep 22 8:16 AM Mortgage Bond prices open modestly higher. S&P futures slightly lower.|
|Fri, Sep 22 8:14 AM North Korean tensions rise as President Trump imposes new sanctions as Kim Jong Un says he will "tame the mentally deranged U.S. dotard with fire."|
Actual payments will vary based on your individual situation and current rates. The above rates are subject to change.
Johnmarbury.com has attempted to verify the information contained on this post. However any aspect of such may change without notice. Johnmarbury.com does not provide investment advice and does not represent that any of the information or related analysis is accurate or complete at any time. Forgive my spelling and grammatical mistakes due to writing skills that are lacking and the need to communicate quickly.