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

Mortgage Rates, Irma weakens and North Korea Tensions Ease

Rates Effective September 11, 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: Mortgage Bond prices are lower to begin the week as Stock prices surge on easing North Korean and Hurricane Irma tensions. Locking is recommended.After close Commentary: With fears easing surrounding North Korea and Irma, Stocks rallied to begin the week as the closely watched S&P 50...

September 11th, 2017 Mortgage Rates, Irma weakens and North Korea Tensions Ease

Mortgage Rates, Irma & More Missile Tests

Rates Effective September 8, 2017 10:30 AM EST *30-Year Fixed Rate 3.750% (3.835%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:  Despite lower Stock prices, Mortgage Bonds are flat to lower to end the week. Probably not a bad day to lock in.After close Commentary: Coming SoonYoutube Market Wrap: https://www.youtube.com/embed/t99qRxCtx3s?rel=0&autoplay=1Late morning Commentary: ...

September 8th, 2017 Mortgage Rates, Irma & More Missile Tests

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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