Posts Tagged ‘economic data’

13
Jan

Mortgage Rates January 13, 2009

   Posted by: Cal    in Gulf Coast Mortgages

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Mortgage bonds continue to move sideways today with no significant news to drive it up or down. Stocks are also nearly flat, surprising in the wake of an after closing release by Alcoa that they had a $1 billion loss for the 4th quarter.

Tomorrow will bring the retail sales report for December and the Crude Oil inventory report. This highly anticipated economic data will likely have a volatile effect on the markets making today a good day to get your affairs in order on your mortgage application and be prepared to lock should the news be worse than expected.

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


Rates as of 10:10 AM 1/13/2009


30 Yr Fixed Mtg 4.625%
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

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.

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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

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.

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Mortgage Bonds are trading slightly to the negative this morning, with stocks relatively flat as well.  There is no significant economic data due out today, so it should probably be pretty quiet in the financial markets.  At the pump, gas hit a 5 year low with a national average of $1.66 per gallon (just in time for holiday travel).

I don’t expect a lot of volatility this week since the exchange shuts down early for the holidays.  As you get ready for this holiday season, remember the things most important to you, and if your answer has the word Xbox anywhere in it, you should re-evaluate.  Have a Merry Christmas!!

  • 4.750% 30 Year Fixed
  • 4.750% 15 Year Fixed
  • 4.875% 30 Year Fixed FHA
  • 5.000% 30 Year Fixed VA

For more information about your loan, call Steve Russell with Primary Residential Mortgage at 850-221-8334. Or visit www.SteveRussellOnline.com.

Steve Russell

Mortgage Banker

Primary Residential Mortgage

850-497-6325 Office

850-221-8334 Cell

steve@steverussellonline.com

*Rates are subject to change without notice. Click here for the specifics on the rate quotes listed above.

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