Weekly Rate Update 14Oct16 From Gerry Phillips With Movement Mortgage
Dated: October 16 2016
For the first time in the last few weeks, mortgage rates remained steady... no increase. The FED minutes released revealed a clear separation of opinions about raising the short term interest rates under the direct control of the Federal Reserve Bank.
Quote of the week from Movement Secondary Market....
We tend to believe forecasts that call for the home purchase market to grow in the year or two ahead. Altogether, that’s more homes purchased, slightly higher rates, and a firm U.S. economy.
MORTGAGE RATES at a glance...
30yr Conventional (Fannie/Freddie) - high 3s
15yr Conventional - right at 3 to low 3s
30yr Government (FHA, USDA, VA) - mid 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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