Gold $1378.50/ounce [down]
Crude Oil (Brent) $97.53/brl [up!]
U.S. Dollar to:
Euro .7749 [up]
Japanese Yen 81.95 [down]
6-mo Treasury Bill Yield 0.17%
10-yr Treasury Note Yield 3.36%
[6-month unchanged, 10-yr up 6 bps]
11th Dist Cost of Funds 1.571%[-]
30-yr Fixed-rate Mortgage 5.12%
15-yr Fixed-rate Mortgage 4.51%
1-yr ARM 3.78%
[HSH average includes jumbo rates: 30-yr down 7 bps; 15-yr down 5 bps; 1-yr ARM down 6 bps]
Freddie Mac weekly average rate 4.77% [prior week: 4.86%]
Mortgage Bankers Association Mortgage Applications Index week ending 12/31:
Overall Up 2.3%; down 3.9% the week prior
Purchase Money Loans:
Down 0.8%; up 3.1% the week prior
Refinancing Loans:
Up 3.9%; down 7.2% the week prior
Jobless Claims 1/1:
409,000 prior week 391,000 Continuing claims down 3500 to 4.103 million
Employment Report Dec:
Unemployment rate fell from 9.8% to 9.4% - 103,000 new payrolls (disappointingly weak)
About Me
- Effective Mortgage Company
- Northridge, CA, United States
- We are a full service mortgage brokerage with experience in the areas of mortgage lending, real estate and business. Our company has established relationships with many mortgage investors and banks to provide the best programs for your individual circumstances. We specialize in Conventional, Goverment, Investment, and Reverse Mortgage. We are experts regarding any FHA or VA (veteran) questions you may have. Post any questions or feel free to call our office 818-773-0033. If our clients don't fit into one of the many loan programs offered we promise to help them overcome the roadblocks that can stop them from securing a loan. When purchasing we suggest always getting a pre-approval early on to have ease of mind knowing what amount you will qualify for and make the loan process as smooth as possible.
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