8/11/16

August 11th, 2016

What is Going on with Interest Rates? #wigowir

9:59 AM ET New Rates have been posted

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.

 

For more rates and details click: http://www.johnmarbury.com/page5.html/

10:07 am - Today prices are currently flat. The day ended yesterday with higher prices. Keep in mind when the price goes up, rates come downs  

Feel free to call 205-266-5669 or email jmarbury@nationalbankofcommerce.com for more information.

Below is the news and market reaction

9:59 AM - Dow +70 points.

9:30 AM - Stocks open higher.

8:30 AM - Weekly Initial Jobless Claims -1K to 266K, inline.

8:21 AM  - The benchmark 3% Fannie Mae 30-yr coupon trades above support at the 25-day Moving Average
The Treasury will sell $15B 30-yr Bonds today, auction results at 1:00 p.m. ET.
The 10-yr T Note yield 1.51%.
U.S. dollar index rebounding, +0.14 to 95.75.
S&P futures pointing towards a positive open as oil prices steady and as investors await the claims data for hints of a strengthening labor market.
Weekly Initial Jobless Claims will be released at 8:30 a.m. but it has been a non-event for the last 2 -3 weeks.
MBS open near unchanged as they continue in their sideways pattern.

 

 

 

 

 

 

 

 

 

 

 

 

Contact

John Marbury
jmarbury@nationalbankofcommerce.com
Mortgage Lender NMLS# 514390
NMLS# 740833
Phone:205-266-5669
Fax: 866-217-4174

813 Shades Creek Parkway
Birmingham, Alabama 35209
 

Mission Statement

To be the simplest and most informative mortgage website on the market today. To make the mortgage process as easy as possible, by informing and educating the consumer on what to expect and how much it is going to cost.

Sign Up Now!