8/12/16 Retail Sales Disapoints

August 12th, 2016

What is Going on with Interest Rates?  #wigowir

10:06 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/

When the price goes up Rates come down! Today prices are moving up after a yesterday afternoon's losses.  Retail Sales were unchanged and wholesale prices unexpected fall is good news for Rates. For more inforamation: http://www.bloomberg.com/news/articles/2016-08-12/treasuries-gain-as-retail-sales-producer-prices-trail-forecasts

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


Below is the news and the market’s reaction


10:05 AM - August Consumer Sentiment 90.4, vs 90.2 expected, just above the 90.0 from the previous reading. Not much reaction in Mortgage Bonds.

9:31 AM -As expected, the S&P 500 open lower.

8:54 AM - Stock futures decline after the weak Retail Sales number.

 8:37 AM - MBS jump after the weak Retail Sales and low wholesale inflation data.

8:35 AM - July PPI -0.4% vs 0.0%. Core PPI -0.3% VS +0.2%.

8:33 AM - July Retail Sales 0.0% vs the 0.4% expected. Retail Sales x-autos -0.3% vs the +0.2% expected.

8:19 AM - Data out this morning, PPI, Retail Sales at 8:30, Consumer Sentiment at 10.

8:18 AM - U.S. dollar index 95.77, -0.06.

8:17 AM - WTI oil near unchanged at $43.54/barrel.

8:15 AM -S&P futures near unchanged.

8:15 AM - 10-yr T Note yield 1.54%.

8:13 AM - MBS open flat to slightly higher as a variety of economic indicators for China missed expectations.



John Marbury
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Fax: 866-217-4174

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Birmingham, Alabama 35209

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As a loan officer (mortgage broker 1989-2006) since 1985, I have seen a lot of changes over the years. The only consistency in the mortgage business and life is change. This is the reason that we believe it is necessary to move quickly and to be early. Let us know if you have any questions or if we can help in any way.

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