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:

  • 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 ( 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.



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