Dow up Rates up

11:20 am Need a rate quote?  Call or email John.  He is in the office and ready to take your questions.Suggestions that can change during the day: Mortgage Bonds now below support.  You might want to consider locking..After close Commentary:  After today's sell-off and the close below support and after the alert to lock, continue to advise locking until such time we can find a bottom. As we mentioned earlier, the Fannie Mae 30-yr 3.5% coupon hit 102.50 this afternoon and closed just below that level, matching the low seen on July 25. If you take a look at the Bond ...

October 24th, 2017 Dow up Rates up

Trying to Stabilize

Email or Call John if you would like a rate quote.jmarbury@nationalbankofcommerce.com205-266-5669Suggestions that can change during the day: Mortgage Bond prices are trying to stabilize near critical support levels. Carefully floating is recommended. After close Commentary: Coming Soon Late morning Commentary:  Corporate earnings season ramps up this week with 37% of the S&P 500 companies set to report. Thus far, three-quarters of the 88 S&P companies that have reported have beat profit expectations. In addition, 12 of the 30 companies in the Dow Jones Industrial ar...

October 23rd, 2017 Trying to Stabilize

Senate Approves Budget Blue Print. Are Tax Cuts Next?

Suggestions that can change during the day: Mortgage Bond prices have slipped below key support levels. Locking is recommended.After close Commentary: Hopes of tax reform sent Bond prices lower this morning and Stocks higher to end the week. The Fannie Mae 3.5% 30-yr coupon closed at 102.66, -25bp. The slightly better Existing Home Sales data had little impact on the Bond markets. The three major Stock indexes closed at record highs on hopes of tax reforms as the Republican-led Senate approved a $4T budget measure which enables the GOP to pass a tax bill with a simple 51-vote majority in ...

October 20th, 2017 Senate Approves Budget Blue Print. Are Tax Cuts Next?

News

Suggestions that can change during the day: Mortgage Bonds are getting a boost from lower Stocks prices. Carefully floating is recommended. After close Commentary: MBS closed with modest gains and traded in a tight range for most of the session ending near the highs of the session. Today's better than expected economic data limited today's Bond price gains. The Fannie Mae 30-yr 3.5% coupon closed at 102.91, +9bp. Stocks closed mixed. The Dow squeaked at a fresh record close, up 5.44 points to 23,163.04, while the S&P also closed at a fresh record high of 2,562.10 wit...

October 19th, 2017 News

Mortgage Rates & Hurricane News

Rates Effective October 18th, 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 newsRates:  Coming soonSuggestions that can change during the day: Higher Stock prices are pressuring Mortgage Bond prices lower this morning, though support has been holding for prices. Carefully floating is recommended.After close Commentary: Coming Soon Late morning Commentary:   Hurricanes Harvey and Irma put a dent ...

October 18th, 2017 Mortgage Rates & Hurricane News

What does the UK have to do with it?

Suggestions that can change during the day: Mortgage Bond prices are flat, being capped by a sharp rise in inflation from the U.K. Carefully floating is recommended. After close Commentary:  Not much movement in the MBS markets today as prices seemed to be capped by the inflation warnings from the U.K. and Fed Chair Yellen. The Fannie Mae 30-yr 3.5% coupon closed unchanged at 103.03. Stocks closed mixed but the Dow did hit the 23K mark before ending below that level. The Dow gained 40.48 points to end the session at 22,997.44, a fresh record high close. The S&P 500 gain...

October 17th, 2017 What does the UK have to do with it?

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
 

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!