Weekly Rate Update 09Sep16 From Gerry Phillips With Movement Mortgage
Dated: September 10 2016
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
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)
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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