Weekly Rate Update 23Sep16 From Gerry Phillips With Movement Mortgage

Dated: September 26 2016

Views: 985

While the FED meeting helped rates... take advantage of it while you can.With this last meeting now investors will begin adjusting their portfolios in expection of a near 100% chance that the FED will increase short term rates at their next meeting November 1-2.... and if not on that date, then on the last scheduled meeting for 2016, December 13-14. 


Quote of the week from Movement Secondary Market.... 

While the Federal Reserve chose not to raise the federal funds rate at its meeting this week, Chair Janet Yellen in her press conference on Wednesday made it clear a rate hike will happen later this year if the economy stays on its current track. 

We expect a small increase is now likely in December. Of course, factors that would delay a rate hike include more global economic shocks (like Brexit) or a sudden traumatic shock to our U.S. economy. If economic data stays on its current trend, rates will keep creeping higher. 


MORTGAGE RATES at a glance... 

  • 30yr Conventional - mid to high 3s

  • 15yr Conventional - right at 3 to low 3s

  • 30yr Government - low to mid 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) 

www.movement.com/gerry.phillips

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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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