Posts Tagged ‘retail sales’

4
Feb

Mortgage Rates February 4, 2009

   Posted by: Cal    in Gulf Coast Mortgages

Welcome to www.MyGulfCoastBeachTeam.com ! Please feel free to leave a comment and also visit our sister site www.GulfShoresLife.com ! Thanks for stopping by!

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.

What you see below is a 30 day chart of the FNMA 4.5% mortgage bond trading activity.  The activity on the bond market is what dictates retail mortgage rates, and the retail mortgage rates that are passed on to consumers are generally .5% to 1.0% higher than the "coupon" rate of the bond itself.  We are now following the 4.5% coupon bond because the activity in the 4% bond has trickled and

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14
Jan

Mortgage Rates January 14, 2009

   Posted by: Cal    in Gulf Coast Mortgages

The Retail Sales report for December came out today with much worse than expected numbers.

Because of this, the Dow is off over 200 points at the time of this posting, and mortgage bonds remain flat on the news. Normally, news like this would send a rush of buyers into the bond market, but that has not been the case so far today, further challenging conventional wisdom in forecasting. Stay tuned as tomorrow will be another big day in the news with the release of the Core Producer Price Index (PPI), Initial Jobless Claims for the first week of January and the Philadelphia FED Index (the outcome of which will have a high level impact on the markets). 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 4.375%
30 Yr FHA 4.500%
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.

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13
Jan

Mortgage Rates January 13, 2009

   Posted by: Cal    in Gulf Coast Mortgages

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.

Tags: , , , , , , , , , , , , , ,

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