Weekly Rate Update 03Mar17 From Gerry Phillips With Movement Mortgage
Dated: March 5 2017
Since the election in November, 2016... Mortgage Rates are up anywhere from .500% to a full .750%... depending on the loan program.
Quote of the week from Movement Secondary Market...
With a February jobs report due on March 10, and inflation close to the Fed’s 2 percent annual target, the stars are aligning for Fed action. The market now pegs a March rate increase at nearly 89 percent. As mortgage professionals, we should remember these rate increases are already priced into the market. We’ve been expecting this, so it’s not a surprise. This is an opportunity to confirm for your clients that rates are behaving as expected as the economy continues to expand.
MORTGAGE RATES at a glance...
30yr Conventional (Fannie/Freddie) - mid to high 4s
15yr Conventional - high 3s
30yr Government (FHA, USDA, VA) - mid 4s
15yr Government - Low 4s
**Your Rate depends on several factors...
timing of your closing
loan amount, term, & program
You can depend on me for accurate and trustworthy information.
We Love & Value People... that is our culture at Movement Mortgage.
ALWAYS feel free to call, text, or email me… any day, any time. My direct mobile number is 573-480-1978.
Accessible, Responsive, Decisive, Dependable Lender….
Gerry Phillips, Loan Officer (NMLS #505678)
Kathy Beeler is a trustworthy Lake of the Ozark Realtor, who is reliable and knowledgeable when it comes to buying or selling properties in Lake of the Ozarks area. If you are in need of a professiona....
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