Blog

Full Rate Sheet Wednesday

Rates Effective September 27, 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 3.625% (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 3.750% (3.824% APR)FHA (Federal Housing Authority)30-Year Fixed 3.500% (4.572% APR...

September 27th, 2017 Full Rate Sheet Wednesday

Mortgage Rates & Hurricanes Impact New Home Sales

Rates Effective September 26, 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: Mortgage Bond prices are near unchanged ahead of a key speech from Fed Chair Yellen later today. Carefully floating is recommended.After close Commentary: Mortgage Bonds saw little movement today as the markets are still a bit confused over the Fed's low inflation mystery and af...

September 26th, 2017 Mortgage Rates & Hurricanes Impact New Home Sales

Mortgage Rates & Fed Member Dudley Speaks

Rates Effective September 25, 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: Bonds are improving this morning.  Floating is advised.After close Commentary: Not a lot of action in the Mortgage market today to begin the last week of the third quarter. There were no economic reports released today. The Fannie Mae 30-yr 3.5% coupon closed at 103.34, +12bp and sec...

September 25th, 2017 Mortgage Rates & Fed Member Dudley Speaks

Mortgage Rates & the Great Unwind

Rates Effective September 22, 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 under No origination fee on all posted rates.  Call for other rates. ***Rate Assumptions below the newsSuggestions that can change during the day: Increased tensions between the U.S. and North Korea pushes Stock prices lower, which is boosting Bond prices. Carefully floating is recommended.After close Commentary: Not a lot of movement in today's session as the week came to an end. There were no economic reports...

September 22nd, 2017 Mortgage Rates & the Great Unwind

Mortgage Rates & a 75% chance of hike in December?

Rates Effective September 21, 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: A day after the Fed announced the "Great Unwind", Mortgage Bond prices are modestly higher. Carefully floating is recommended.After close Commentary: Mortgage Bond prices were little changed from yesterday's close though they closed below today's best levels after y...

September 21st, 2017 Mortgage Rates & a 75% chance of hike in December?

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

Contact

John Marbury
jcmarbury@centerstatebank.com
Mortgage Lender NMLS# 514390
NMLS# 740833
Phone:205-266-5669
Fax: 866-217-4174

600 Luckie Drive Suite 200
Birmingham, Alabama 35223
 

Mission Statement

To be the simplest and most informative mortgage website on the market today. To make the mortgage process as easy as possible, by informing and educating the consumer on what to expect and how much it is going to cost.

Sign Up Now!