Weekly Rate Update 11Nov16 From Gerry Phillips With Movement Mortgage
Dated: November 12 2016
With the Election of Donald Trump mortgage rates jumped up a quarter of a percent.This is likely due to expectation from investors/traders that economic expansion mixed with increased government spending will fuel inflation. Inflation is a 4-letter word (somehow) to bonds... and bonds directly impact home mortgage rates through fannie/freddie/VA/FHA/etc....
Quote of the week from Movement Secondary Market....
Right now, all we can do is speculate and look forward to seeing who our new president chooses as economic advisers. That will give us a better indication of what policies he hopes to unveil over the next four years.
MORTGAGE RATES at a glance...
30yr Conventional (Fannie/Freddie) - high 3s or right at 4
15yr Conventional - low to mid 3s
30yr Government (FHA, USDA, VA) - high 3's to right at 4
15yr Government - low to mid 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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