Posts Tagged ‘crude oil inventories’

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Mortgage bonds were off to a rough start this morning at the open.   But, at the time of this posting, they have recovered much of the early morning losses in trading.   No significant economic data is due out until Wednesday January 14th when the retail sales report and crude oil inventories becomes available.

Because of this, the bond market will likely take the lead from stocks and world news over the next 48 hours.

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

Rates as of 9:10 AM 1/12/2009

30 Yr Fixed Mtg 4.750%
15 Yr Fixed Mtg 4.500%
30 Yr FHA 4.875%
30 Yr VA 4.875%
Reverse Mortgage Call For Rates

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

* 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.

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