Mortgage Rates & Fed Day

Rates:   See Full Rate Sheet Wednesday: https://www.johnmarbury.com/blog/10267/full-rate-sheet-wednesdaySuggestions that can change during the day:  Mortgage Bond prices are near unchanged ahead of today's 2:00 p.m. ET release of the Fed statement. Carefully floating is recommended.After close Commentary: Coming SoonWed, Sep 20 2:09 PM 10-yr yield rises to 2.27%.Wed, Sep 20 2:08 PM Fed says hurricanes will affect near-term economic activityWed, Sep 20 2:06 PM Fed: Labor market continues to strengthen.Wed, Sep 20 2:05 PM Most Fed members see thre...

September 20th, 2017 Mortgage Rates & Fed Day

Full Rate Sheet Wednesday

Rates Effective September 20, 2017 10:30 AM ESTNo origination 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 3.500% (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 Fixed ...

September 20th, 2017 Full Rate Sheet Wednesday

Mortgage Rates & Lack of Skilled Labor

Rates Effective September 19, 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: Fed on balance sheet: The plan is to slowly stop reinvesting the money that its portfolio throws off. The Fed has said it will start by allowing $6 billion in Treasury securities and $4 billion in Mortgage-Backed Securities to mature every month.  For this reason we believe it is now tim...

September 19th, 2017 Mortgage Rates & Lack of Skilled Labor

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

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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