July 27th, 2016
Chart above was posted at 9:25 am et. When the price goes up rates come down. Currently we are moving sideways.
10:53 AM New Rates have been posted http://www.johnmarbury.com/page5.html/ Below is a 30 year quote from the rate page.
30-Year Fixed 3.375% (3.457% APR) No Origination Fee
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 ercentage 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.
Wed, Jul 27 9:14 AM- Coca-Cola misses on revenues estimates, beats on earnings per share.
|Wed, Jul 27 8:49 AM -The MBA said the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) increased to 3.69% from 3.65%.|
|Wed, Jul 27 8:46 AM - The MBAs refinance index fell 15%, while the purchase index decreased 3%.|
|Wed, Jul 27 8:41 AM - The Treasury will sell $28B 7-year Notes today, results at 1:00 p.m. ET and comes after weak performances by the 2 and 5-yr offerings.|
|Wed, Jul 27 8:30 AM -June Durable Orders -4.0% vs -1.0% expected. May revised lower to -2.8% from -2.2%.|
|Wed, Jul 27 8:27 AM - The MBAs Market Composite Index, a measure of total mortgage loan application volume, fell 11% in the latest week.|
|Wed, Jul 27 8:23 AM- Altria's revenue falls as cigarette shipments slip.|
|Wed, Jul 27 8:21 AM - Durable Orders (8:30) and Pending Home Sales (10), but the numbers should take a backseat to the Fed statement.|
|Wed, Jul 27 8:18 AM - U.S. dollar index 97.33, +0.16.|
|Wed, Jul 27 8:17 AM - WTI oil -$0.15 to $42.78/barrel.|
|Wed, Jul 27 8:16 AM - The 10-yr T Note yield 1.56%.|
|Wed, Jul 27 8:12 AM - The two-day Fed meeting will end today with the 2:00 p.m. ET release of the monetary policy statement.|
|Wed, Jul 27 8:12 AM - There is a near zero percent chance of a hike in the short term Fed Funds Rate.|
|Wed, Jul 27 8:10 AM - MBS open flat to slightly lower. S&P futures modestly higher after strong earnings from iPhone maker Apple.|