2009

It looks like the financial markets had a good day.  Breaking through the 25 day moving average, the benchmark Fannie Mae bond is back in positive territory since falling last week.  This is good for rates, and has been reflected in today’s pricing

 

If you would like to get pre-approved for a purchase or refinance, please call 850-221-8334 anytime.


Rates as of 11:40 AM 4/13/2009


30 Yr Fixed Mtg 4.625%
15 Yr Fixed Mtg 4.375%
30 Yr FHA 4.750%
30 Yr VA 4.750%
Reverse Mortgage Call For Rates

Steve Russell
Mortgage Banker
Primary Residential Mortgage
850-221-8334 Cell
850-497-6325 Office

Steve@steverussellonline.com

www.SteveRussellOnline.com

* All rates assume the purchase of a single family primary residence with at least 20% down payment, 740 credit scores, and verifiable income and assets. Rates vary based on borrower profile and property type. Rates are subject to change without notice. All rates also assume a 1% origination fee. Loans with no origination fee and no points may be available at a higher rate.

 

 

 

{ 3 comments }

Mortgage Rates February 4, 2009

February 4, 2009 Gulf Coast Mortgages

There is a lot of volatility in daily trading in the mortgage bond market, and since the main stream media always gets it wrong, I have included visual aids for you to see exactly what mortgage professionals see.

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Mortgage Rates January 30, 2009

January 30, 2009 Gulf Coast Mortgages

The bond market had a rough day yesterday and yet it has had little affect on today’s mortgage rates. This is likely due to previous rate increases to try and slow down the overwhelming rush to refinances that has underwriting backed up for weeks.

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Mortgage Rates January 28, 2009

January 28, 2009 Gulf Coast Mortgages

Today marked the first FED meeting since December 16th when they announced the FED would be aggressively buying mortgage backed securities through the first 6 months of 2009.

5 comments Read the full article →

Mortgage Rates January 23, 2009

January 23, 2009 Gulf Coast Mortgages

According to FED member Frederic Mishkin in an interview on CNBC this morning, we could see inflation begin to creep into the economy based on all the government programs on the drawing board.

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Mortgage Rates January 21, 2009

January 21, 2009 Gulf Coast Mortgages

We wake up today with a new president and new direction for the future and regardless of your party affiliation, the excitement in the air is palpable. All of the hoopla over our new comander in chief got me thinking,

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Mortgage Rates January 20, 2009

January 20, 2009 Gulf Coast Mortgages

Mortgage bonds are moving down slightly today as the markets react negatively to prospects that the Obama administration is considering nationalizing the banking industry.

0 comments Read the full article →