Below is the news when it happened and the market’s reaction. For best results start at the bottem and work your way up. All Times are Eastern Standard Time.
9:30 AM New Rates have been posted
30-Year Fixed 3.375% (3.457% APR) No Origination Fee
For more rates and details click: http://www.johnmarbury.com/page5.html/
- 30-Year Fixed-Rate Mortgage: The monthly payment on a $200,000 30-year Fixed-Rate Loan at 3.375% and 70% loan-to-value (LTV) is $884.19 with 0 points due at closing. The Annual Percentage Rate (APR) is 3.457%. Payment does not include taxes and insurance premiums. The actual payment amount will be greater. Some state and county maximum loan amount restrictions may apply.
Feel free to call (205-266-5669) or email (firstname.lastname@example.org) John for a quote based on the terms of your loan.
8:48 AM - The New York Fed will be purchasing up to $2.775B in Fannie/Freddie 3s and 3.5s this morning.
8:42 AM - CoreLogic reports that August home prices rose 6.2% year-over-year, +1.1% from July.
8:30 AM - U.S. dollar index 96.23, +0.64.
8:28 AM - 10-yr T Note yield 1.62%.
8:27 AM - WTI oil $48.56/barrel, -$0.24.
8:21 AM - S&P futures now near unchanged.
8:21 AM - Stock investors are treading carefully due to the future interest rate environment, upcoming earnings season, the U.S. presidential election and Britain's separation from the European Union.
8:18 AM - Fed's Lacker (non-voter) said there was a strong case for raising interest rates to keep inflation under control. Feels the Fed Funds Rate should be 1.5%.
8:16 AM - There are no economic reports due for release today.
8:14 AM -MBS open higher while S&P futures edge higher as the Deutsche Bank woes ease.