Weekly Rate Update 09Sep16 From Gerry Phillips With Movement Mortgage

Dated: September 10 2016

Views: 882

Bonds tumbled today due to FED officials talking about how well the economy is doing.When bond pricing deteriorates (ie... tumbled), this puts upward pressure on mortgage rates 

Quote of the week.... 

Finally, one more quick take on rates. Goldman Sachs this week told clients it expects the Federal Reserve will try to avoid any surprises between now and the presidential election in November. In a note to clients, Alec Phillips, U.S. Political Economist in Global Investment Research at Goldman Sachs, wrote to clients that a rate hike is a 40 percent probability at the Fed’s Open Market Committee meeting in September and just 30 percent in December. . ~~ Greg Richardson of Movement Mortgage, Secondary Market 

MORTGAGE RATES at a glance... 

  • 30yr Conventional - high 3s

  • 15yr Conventional - low 3s

  • 30yr Government - mid to high 3s

  • 15yr Government - low 3s

**Your Rate depends on several factors...

  • timing of your closing

  • loan amount, term, & program

  • credit score

  • property type

  • % down

  • etc....

You can depend on me for accurate and trustworthy information. 

We Love & Value People... that is our culture at Movement Mortgage. 

Thanks! 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) 

 Movement Mortgage

573-480-1978 (mobile) 

866-302-2942 (fax) 


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Kathy Beeler

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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