9/30/16

September 30th, 2016

 

Below is the news when it happened and the market’s reaction.  All Times are Eastern Standard Time.

10 :08 AM - September final Consumer Sentiment 91.2 vs the 90 expected. MBS edging lower. Stocks in rally mode.

9:57 AM - Stocks are trading higher soon after the open, Dow +90 points.

9:47 AM - September Chicago PMI 54.2 vs the 52.0 expected.

9:39 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 (jmarbury@nationalbankofcommerce.com) John for a quote based on the terms of your loan.

8:38 AM - The Core PCE rises 1.7% on an annual basis in August, up 0.1%.

8:36 AM - August Core PCE +0.2%, inline, up from 0.1% in July.

8:35 AM - Personal Incomes rose 0.2% in August, inline, Personal Spending 0.2%, inline.

8:15 AM - S&P futures near unchanged after yesterday's rout on the Deutsche Bank concerns.

8:14 AM - A bevy of economic data will be released this morning. Personal Income & Spending, Core PCE (8:30), Chicago PMI (9:45) and Consumer Sentiment (10).

8:12 AM - U.S. dollar index 95.86, +0.38.

8:11 AM - WTI oil $47.62/barrel, -$0.22.

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

8:01 AM - Despite yesterday's plunge in U.S. Stocks, MBS closed near unchanged as prices can't seem to rise above the current multi-year highs. MBS look to open near unchanged on the last day of the month and quarter.

Yesterday -  Yellen says Fed purchases of stocks, corporate bonds could help in a downturn

http://finance.yahoo.com/news/yellen-says-fed-purchases-stocks-corporate-bonds-could-204232236--business.html

 

Contact

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

813 Shades Creek Parkway
Birmingham, Alabama 35209
 

Mission Statement

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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