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Mortgage Rates & the Great Unwind Begins this week

Rates Effective October 10th, 2017 10:30 AM EST*30-Year Fixed Rate 4.000% (4.087%APR)**15-Year Fixed Rate 3.250% (3.397% APR)Conforming loans $424,100 and underNo origination fee on all posted rates.  Call for other rates. ***Rate Assumptions below the newsSuggestions that can change during the day: Mortgage Bonds are edging higher to begin the holiday shortened week. Carefully floating is recommended.After close Commentary: The Fannie Mae 30-yr 3.5% coupon closed at its midway point in today's trading range closing near unchanged, despite the Dow hitting a fresh record high. The Bond...

October 10th, 2017 Mortgage Rates & the Great Unwind Begins this week

Blog Image: Mortgage Rates & Hourly Earnings are Hot!

Mortgage Rates & Hourly Earnings are Hot!

Rates Effective October 6th, 2017 10:30 AM EST*30-Year Fixed Rate 4.000% (4.087%APR)**15-Year Fixed Rate 3.250% (3.397% APR)Conforming loans $424,100 and underNo origination fee on all posted rates.  Call for other rates. ***Rate Assumptions below the newsSuggestions that can change during the day: The September Jobs Report showed strong wage growth, which pushed Mortgage Bond prices lower. This might be the beginning of rates trending higher.After close Commentary: Coming SoonLate morning Commentary:   The Labor Department reported on Friday that payroll growth declined in...

October 6th, 2017 Mortgage Rates & Hourly Earnings are Hot!

Blog Image: Wicking T-Shirt

Wicking T-Shirt

To get a free T-Shirt be one of the first 100 to email jmarbury@nationalbankofcommerce.com your size  and agree to be on our Bi-Weekly Email Rate Sheet and News letter.  You will be able to pick up the T-Shirt at:813 Shades Creek ParkwayBirmingham AL 35209 

October 6th, 2017 Wicking T-Shirt

Mortgage rates & Employment Friday

Rates Effective October 5th, 2017 10:30 AM EST*30-Year Fixed Rate 3.875% (3.961%APR)**15-Year Fixed Rate 3.250% (3.397% APR)Conforming loans $424,100 and underNo origination fee on all posted rates.  Call for other rates. ***Rate Assumptions below the newsSuggestions that can change during the day:  12:47 PM Stocks are up bond prices are lower.  Rates are subject to change. Lock is suggested  or you can roll the dice and see what happens tomorrow.After close Commentary: Coming Soon Late morning Commentary:   Mortgage rates edged higher in the latest week thou...

October 5th, 2017 Mortgage rates & Employment Friday

Mortgage Rates & ADP today Employment on Friday

Full Rate Sheet Wednesday!  https://www.johnmarbury.com/blog/10348/full-rate-sheet-wednesdaySuggestions that can change during the day:  Mortgage Bond prices are near unchanged after slow job growth in August was reported by ADP. Carefully floating is recommended.After close Commentary: Not much movement in Bond prices today as the surge in the ISM Service Index kept a lid on any upward movement. The 30-yr Fannie Mae 3.5% coupon closed at 103.16, +3bp, just above support at the 100-day Moving Average (103.11). Stocks were able to squeak out gains which led to record cl...

October 4th, 2017 Mortgage Rates & ADP today Employment on Friday

Full Rate Sheet Wednesday

Rates Effective October 4th, 2017 10:30 AM ESTCall for exact quotes for your individual situation - 205-266-5669No origination fee on all posted ratesConforming loans $424,100 and underFixed Rates30-Year Fixed 3.875% (3.961%APR)15-Year Fixed 3.250% (3.397% APR) Adjustable Rate Mortgage fixed first 10 years using a 30 year amortization7-1 ARM 3.625% (3.910% APR)(Call for other ARM rates) Lender Paid Private Mortgage Insurance30 Year Fixed 90% 4.125% (4.213% APR)30 Year Fixed 95% 4.250% (4.339% APR) Jumbo Loans over $424,100 and over30-Year Fixed 4.125% (4.169% APR)15-Year Fixed 3...

October 4th, 2017 Full Rate Sheet Wednesday