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Current Interest Rates *, **
FIXED CONFORMING
PROGRAM RATES APR Pmt Per $1,000
30 YR 4.875%

4.958%

$5.29
15 YR 4.250% 4.392% $7.52
FIXED JUMBO
PROGRAM RATES APR Pmt Per
$1,000
30 YR 5.250% 5.311% $5.52
ARM Click any ARM product for more information.
PROGRAM RATES APR Pmt Per
$1,000
10/1 5.000% 5.251% $5.37
7/1 3.874% 4.783% $4.70
5/1 3.625% 4.870% $4.56
3/1 3.500% 5.083% $4.49
 
 
Current Interest Rates*, **
HOME EQUITY LINE OF CREDIT1
PROGRAM RATES APR Pmt Per
$1,000
20 YR 5.25% 5.25% $6.74
HOME EQUITY LOAN2
PROGRAM RATES APR Pmt Per
$1,000
10 YR 4.99% 4.99% $10.60
15 YR 5.24% 5.24% $8.03
20 YR 5.74% 5.74% $7.02
 
*Up to 80% Total Loan To Value.
Other rates and terms available
 
Current Interest Rates *, **
FIXED CONFORMING
PROGRAM RATES APR Pmt Per $1,000
30 YR 4.875%

4.958%

$5.29
15 YR 4.250% 4.392% $7.52
FIXED JUMBO
PROGRAM RATES APR Pmt Per
$1,000
30 YR 5.250% 5.311% $5.52
ARM Click any ARM product for more information.
PROGRAM RATES APR Pmt Per
$1,000
10/1 5.000% 5.251% $5.37
7/1 3.874% 4.783% $4.70
5/1 3.625% 4.870% $4.56
3/1 3.500% 5.083% $4.49
 
 
Current Interest Rates*, **
HOME EQUITY LINE OF CREDIT1
PROGRAM RATES APR Pmt Per
$1,000
20 YR 5.25% 5.25% $6.74
HOME EQUITY LOAN2
PROGRAM RATES APR Pmt Per
$1,000
10 YR 4.99% 4.99% $10.60
15 YR 5.24% 5.24% $8.03
20 YR 5.74% 5.74% $7.02
 
*Up to 80% Total Loan To Value.
Other rates and terms available

Market Commentary

Updated on November 15, 2018 10:35:47 AM EST

Fed Chairman Powell’s speaking engagement last night yielded few surprises. His comments were generally upbeat about the economy with a reference to keeping an eye on the housing market. He reiterated that inflation is on track for their expectations, indicating that rampant inflation is not much of a concern to them. It does not appear that his words are fueling this morning’s bond gains. We saw bonds rally late yesterday (well before he spoke) on Brexit-related news that caused stocks to do an about-face. After being up over 100 points during morning trading yesterday, the Dow closed down over 200 points. This morning’s gains are more about a continuation of yesterday’s rally then they are of last night’s comments by Chairman Powell.

Octobers Retail Sales data were posted at 8:30 AM ET this morning. The Commerce Department announced a 0.8% rise in consumer level spending last month. This was noticeably stronger than the 0.5% increase that was expected. Even a secondary reading that excludes more volatile and costly auto transactions came in stronger than expected, meaning consumers spent more than thought. Because consumer spending makes up such a large portion of our economy, this was bad news for bonds and mortgage rates. A downward revision to September’s sales that changed from up 0.1% to down 0.1% may be softening the impact of this morning’s stronger than forecasted headline number.

Also posted early this morning was last week’s unemployment update. It showed that 216,000 new claims for unemployment benefits were filed last week. This was slightly stronger than the 214,000 that was expected. However, since this is just a weekly update it has had no impact on today’s bond trading or mortgage pricing.

The week’s calendar will close mid-morning tomorrow with the release of October’s Industrial Production data. The 9:15 AM ET report will give us a measurement of manufacturing sector strength by tracking output at U.S. factories, mines and utilities. Forecasts are calling for a 0.3% increase in production, indicating moderate strength in the manufacturing sector. Stronger levels of production would be considered bad news for the bond market and mortgage rates, but this report is not expected to greatly influence the markets. Therefore, it will likely take a sizable variance from forecasts for it to have a noticeable impact on mortgage pricing.

 ©Mortgage Commentary 2018

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NMLS#: 406108 | Federally insured by NCUA up to $250,000. | Shares and Deposits in excess of NCUA limits are fully insured by MSIC. | ehl Equal Housing Opportunity

Copyright © 2017 Jeanne D’Arc Credit Union.  All rights reserved. Jeanne D’Arc©, MoneyStrong© and the phrase. We Share a Common Thread©, are federally register trademarks owned by Jeanne D’Arc Credit Union, and may not be used, displayed or reproduced by any other party without the express written permission of Jeanne D’Arc Credit Union.

** Rates are effective November 15, 2018 are subject to change at any time. Conforming loan sizes up to $453,100 on one unit properties. Conforming rates and APR based on $453,100 loan amount with FICO credit scores of 780 and loan to value no greater than 75%. Jumbo rates and APR based on a $630,000 loan amount with FICO credit scores of 780 and loan to value no greater than 75%. For adjustable rate mortgages, rate may increase after consummation.

1 APR = Annual Percentage Rate. For all Home Equity Line of Credit terms see Important Terms of our HELOC link above. $5.00 Membership Account Required. Up to 80% loan to value. Other rates and terms available. Home Equity Lines of Credit are only available on Primary Residence and Second Homes. Home Equity Lines of Credit are only available in the states of Massachusetts and New Hampshire.

APR = Annual Percentage Rate. Other rates and terms up to 20 years available. Borrow up to 95% (75% for Second Homes) of your home's current value less any secure debt secured by your home with a minimum of $10,000 and a maximum of $250,000. Home Equity Loans are only available on Primary Residence and Second Homes. Home Equity Loans are only available in the states of Massachusetts and New Hampshire. Rates as of November 1st, 2018 and are subject to change without notice. $5.00 Membership Account Required.

 

NMLS#: 406108 | Federally insured by NCUA up to $250,000. | Shares and Deposits in excess of NCUA limits are fully insured by MSIC. | ehl Equal Housing Opportunity

Copyright © 2017 Jeanne D’Arc Credit Union.  All rights reserved. Jeanne D’Arc©, MoneyStrong© and the phrase. We Share a Common Thread©, are federally register trademarks owned by Jeanne D’Arc Credit Union, and may not be used, displayed or reproduced by any other party without the express written permission of Jeanne D’Arc Credit Union.

** Rates are effective November 15, 2018 are subject to change at any time. Conforming loan sizes up to $453,100 on one unit properties. Conforming rates and APR based on $453,100 loan amount with FICO credit scores of 780 and loan to value no greater than 75%. Jumbo rates and APR based on a $630,000 loan amount with FICO credit scores of 780 and loan to value no greater than 75%. For adjustable rate mortgages, rate may increase after consummation.

1 APR = Annual Percentage Rate. For all Home Equity Line of Credit terms see Important Terms of our HELOC link above. $5.00 Membership Account Required. Up to 80% loan to value. Other rates and terms available. Home Equity Lines of Credit are only available on Primary Residence and Second Homes. Home Equity Lines of Credit are only available in the states of Massachusetts and New Hampshire.

APR = Annual Percentage Rate. Other rates and terms up to 20 years available. Borrow up to 95% (75% for Second Homes) of your home's current value less any secure debt secured by your home with a minimum of $10,000 and a maximum of $250,000. Home Equity Loans are only available on Primary Residence and Second Homes. Home Equity Loans are only available in the states of Massachusetts and New Hampshire. Rates as of November 1st, 2018 and are subject to change without notice. $5.00 Membership Account Required.