Mortgage Rates & Fed Meeting

Rates Effective September 18, 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 on all posted rates.  Call for other rates. ***Rate Assumptions below the newsSuggestions that can change during the day: Mortgage Bond prices are flat to slightly lower ahead of the two-day Fed meeting the begins on Tuesday. Carefully floating is recommended.After close Commentary: Not a lot of movement in the Mortgage Bond market for most of the session as traders brace themselves ahead of Wednesday's...

September 18th, 2017 Mortgage Rates & Fed Meeting

Mortgage Rates & Consumer Pulling Back

Rates Effective September 15, 2017 10:30 AM EST *30-Year Fixed Rate 3.875% (3.961%APR)**15-Year Fixed Rate 3.125% (3.271% APR) Conforming loans $424,100 and under No origination on all posted rates.  Call for other rates. ***Rate Assumptions below the newsSuggestions that can change during the day: Mortgage Bond prices are near unchanged after some push-pull economic data. Carefully floating is recommended.Weekly Newsletter:http://www.mmgweekly.com/w/index.html?SID=fa7518562603d5c4a7ad69e2e5726f5fMonthly Newsletter:http://www.mmgweekly.com/m/index.html?SID=78421a2e0e11...

September 15th, 2017 Mortgage Rates & Consumer Pulling Back

Mortgage Rates & Consumer Inflation Heating Up

Rates Effective September 14, 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 on all posted rates.  Call for other rates. ***Rate Assumptions below the newsSuggestions that can change during the day:   Hotter inflation date from the CPI weighs on Mortgage Bond prices, though they seem to be stabilizing. Carefully floating is recommended. After close Commentary: MBS closed modestly higher in today's session with Stocks prices mixed though the Dow managed to close at...

September 14th, 2017 Mortgage Rates & Consumer Inflation Heating Up

Mortgage Rates & Producer Price Index (PPI)

Rates Effective September 13, 2017 10:30 AM EST*30-Year Fixed Rate 3.875% (3.961%APR)**15-Year Fixed Rate 3.125% (3.271% APR)Conforming loans $424,100 and underNo origination on all posted rates.  Call for other rates. ***Rate Assumptions below the newsSuggestions that can change during the day: Higher wholesale U.S. and Eurozone inflation weighs on Mortgage Bond prices. Locking is suggested.After close Commentary:  Mortgage Bond prices hovered near unchanged to slightly lower for most of the session as Stocks also hovered near unchanged until squeaking out some minor gains. The...

September 13th, 2017 Mortgage Rates & Producer Price Index (PPI)

Full Rate Sheet Wednesday

Rates Effective September 13, 2017 10:30 AM ESTNo origination on all posted rates Conforming loans $424,100 and underFixed Rates30-Year Fixed 3.875% (3.961%APR)15-Year Fixed 3.125% (3.271% APR) Adjustable Rate Mortgage fixed first 10 years using a 30 year amortization7-1 ARM 3.500% (3.851% 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 3.625% (3.698% APR) FHA (Federal Housing Authority)30-Year ...

September 13th, 2017 Full Rate Sheet Wednesday

Mortgage Rates & Investors are willing to take a risk after Irma

Rates Effective September 12, 2017 10:30 AM EST*30-Year Fixed Rate 3.875% (3.961%APR)**15-Year Fixed Rate 3.125% (3.271% APR)Conforming loans $424,100 and underNo origination on all posted rates.  Call for other rates. ***Rate Assumptions below the news Suggestions that can change during the day:  Mortgage Bond prices continue to edge lower as Stocks trade higher hitting record levels. Locking is recommended.After close Commentary: Mortgage Bonds edged lower today as the safety trade diminishes. Stocks rallied with the Fed on hold and as Irma weakens and turns out to b...

September 12th, 2017 Mortgage Rates & Investors are willing to take a risk after Irma

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
 

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