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: Coming Soon Late morning Commentary:   Coming SoonWhat is the Great Unwind? Defined by T...

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

Full Rate Sheet Wednesday

Rates Effective September 20, 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 3.500% (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 Fixed ...

September 20th, 2017 Full Rate Sheet Wednesday

What exactly happens when a mortgage lender checks my credit?

What exactly happens when a mortgage lender checks my credit? : HTTPS://WWW.CONSUMERFINANCE.GOV/ASK-CFPB/WHAT-EXACTLY-HAPPENS-WHEN-A-MORTGAGE-LENDER-CHECKS-MY-CREDIT-EN-2005/According to the link above from the Consumer Financial Protection Bureau (CFPB)A mortgage inquiry has a small, but negative impact on your credit score.You can shop around and have multiple inquiries for 45 days, and the impact is the same as one inquiryYou can get a free credit report at www.annualcreditreport.com

September 19th, 2017 What exactly happens when a mortgage lender checks my credit?

Mortgage Rates & Lack of Skilled Labor

Rates Effective September 19, 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: Fed on balance sheet: The plan is to slowly stop reinvesting the money that its portfolio throws off. The Fed has said it will start by allowing $6 billion in Treasury securities and $4 billion in Mortgage-Backed Securities to mature every month.  For this reason we believe it is now tim...

September 19th, 2017 Mortgage Rates & Lack of Skilled Labor

Pages: 1 2 3 4 5 6 7 8 9 10 11 Next >

Contact

John Marbury
jmarbury@nationalbankofcommerce.com
NMLS# 740833
Phone:205-266-5669
Fax: 866-217-4174

813 Shades Creek Parkway
Birmingham, Alabama 35209
 

Mission Statement

As a loan officer (mortgage broker 1989-2006) since 1985, I have seen a lot of changes over the years. The only consistency in the mortgage business and life is change. This is the reason that we believe it is necessary to move quickly and to be early. Let us know if you have any questions or if we can help in any way.

Sign Up Now!