Mortgage Rates & 2nd Quarter Strong GDP

Rates Effective September 28, 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: Mortgage Bond prices are near unchanged and are being supported by lower Stock prices. Floating seems like a good idea.After close Commentary: Mortgage Bonds were able to squeak out gains in today's session, despite the S&P closing at a fresh record high. After their r...

September 28th, 2017 Mortgage Rates & 2nd Quarter Strong GDP

Mortgage Rates & Massive Tax Plan

Full Rate Sheet Wednesday:  https://www.johnmarbury.com/blog/10302/full-rate-sheet-wednesdaySuggestions that can change during the day: A pending tax reform announcement from the Trump administration later today weighs on Bond prices this morning. Carefully floating is recommended.After close Commentary: Coming Soon Late morning Commentary:   Coming SoonWed, Sep 27 10:17 AM Stocks give up some gains.Wed, Sep 27 10:00 AM August Pending Home Sales -2.6% vs -0.4% expected. The NAR says the housing market has stalled with such low inventories and a spike in home price...

September 27th, 2017 Mortgage Rates & Massive Tax Plan

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

Contact

John Marbury
jmarbury@nationalbankofcommerce.com
Mortgage Lender NMLS# 514390
NMLS# 740833
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813 Shades Creek Parkway
Birmingham, Alabama 35209
 

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