Blog

December 26th - 29th

12/29/17 Market Wrap Sparse trading desks led to lower trading volumes in this holiday shortened week. Bond prices closed higher when trading ended at 2:00 p.m. ET. The Fannie Mae 30-yr 3.5% coupon ended at 102.72, +19bp and above both resistance levels at the 25- and 50-day Moving Averages. Stocks are modestly lower and close normal time at 4:00 p.m. ET. If you read this morning's Daily Market Update, you will see the huge gains seen in the U.S. equity markets in 2017. The 10-yr yield is finishing the year at 2.41%. WTI oil was last seen at $60.27/barrel. We'll get right back in...

December 29th, 2017 December 26th - 29th

County Taxes on the Jefferson County Alabama website

Property Taxes Alabama Jefferson County: Click on the link below: http://eringcapture.jccal.org/caportal/CAPortal_MainPage.aspx Then click just below  JEFFERSON COUNTY, ALABAMA. CITIZEN ACCESS PORTAL Property Tax Shelby County https://ptc.shelbyal.com/caportal_mainpage.aspx Madison http://www.deltacomputersystems.com/AL/AL47/plinkquerya.html    

December 28th, 2017 County Taxes on the Jefferson County Alabama website

December 18th to the 22nd

12/22/17  Late Morning Review: Sales of new homes soared in November, driven by solid demand across the nation. The Commerce Department reported that New Home Sales rose 17.5% from October to an annual rate of 733,000 units, a 10-year high. That was the biggest monthly gain since January 1992. Sales also were up nearly a whopping 27% from November 2016.A strong labor market was one of the catalysts that propelled New Home Sales higher. Regionally, sales rose 31% in the West, 14.9% in the South, 9.5% in the Northeast and 6.9% in the Midwest. The median home price rose 1.2%. Inventori...

December 20th, 2017 December 18th to the 22nd

December 11th to 15th

12/13/17 Market Wrap: Coming soon Late Morning Review: Inflation at the consumer level was somewhat tame in November, due in part to weak healthcare costs and a big drop in apparel prices. The Labor Department reported that the Consumer Price Index (CPI) rose 0.4% in November from October, which was inline with expectations. When stripping out volatile food and energy, the more closely watched Core CPI rose 0.1%, below the 0.2% expected. Year over year, Core CPI fell to 1.7% from 1.8%. The Federal Reserve Bank of the U.S. is expected to raise the short term Fed Funds Rate when t...

December 11th, 2017 December 11th to 15th

December 4th to the 8th 2017

12/08/17 Market Wrap:  Not much action after this morning's movement after the Jobs Report was released. U.S. employers added 228K new workers last month, above the 190K expected. The Fannie Mae 30-yr 3.5% coupon closed at 102.78, -9bp, and right on support at the 200-day Moving Average. The Dow closed at 24,329.16, +117.68 while the S&P 500 gained 14.52 points to end at 2,651.50, both record high closes. The NASDAQ rose 27.24 points to end at 6,840.08. WTI oil closed at $57.34/barrel, +$0.68. 10-yr yield 2.37%. Next week we will receive inflation data from the Producer and ...

December 4th, 2017 December 4th to the 8th 2017

November 27th - December 1st 2017

Friday 12/01/17 Late Morning Review: The national homeownership rate in the U.S. as of September 30, 2017 was 63.9%, down from a peak of 69.2% at the end of 2004. Every 1 percentage point reduction in the homeownership rate represents 1.2 million households that have changed from homeowner to renter status. Freddie Mac reports that the average 30-year fixed rate mortgage over the last 45 years is 8.26%. The average 30-year fixed rate mortgage as of 1130/17 was 3.90%. Mortgage rates continue to run just above all-time lows. The all-time low was 3.35% hit back in November and December o...

November 27th, 2017 November 27th - December 1st 2017

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
 

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