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  • FHA PROGRAMS NOW AVAILABLE - CALL US FOR A PERSONALIZED RATE QUOTE AT 770-590-7100.

    Both Fannie Mae and Freddie Mac HARP Refi Programs available now up to 150% loan to value with no PMI - call for details.
    Writealoan.com, Inc has been in business for twenty three years. Our consumer direct internet based system allows us to offer you one of the most cost effective and convenient ways to apply for a mortgage Today! We are a Local Lender submit your Quick Application with confidence.




    February 11, 2016

    Today's market Commentary
    Price

    Mortgage bond prices were positive at pricing, above the levels seen at 10 am ET yesterday when mortgage companies set daily pricing, which applied downward pressure to mortgage rates. The Dow closed down 100 points yesterday and was down 172 points at pricing this morning. Oil fell 1.4% and traded at $27 a barrel yesterday and was near $26 a barrel this morning.

    Weekly jobless claims were 269K versus the expected 281K. The initial reaction all but ignored the release as the focus was on equity weakness across the globe but especially in Europe.

    Federal Reserve Chairperson Yellen did a great job in her testimony to Congress yesterday. In Mrs. Yellenâ??s prepared remarks she said that rates would rise gradually in 2016 but market volatiliy would affect pace, financial conditions in the US have become less supportive of growth (read dramatic drop in stock prices) however the committee expects continued strength in the labor market and inflation to rise.

    We have a 30Y bond auction this afternoon with results around 1:15pm et.

    Event Calendar:
    Tuesday, Feb 9, 2016
    3-year Treasury Note Auction @ 1:15 pm et

    Wednesday, Feb 10, 2016
    10-year Treasury Note Auction @ 1:15pm et

    Wednesday, Feb 10, 2016
    Janet Yellen House Testimony

    Thursday, Feb 11, 2016
    Weekly Jobless Claims @ 8:30 am et

    Thursday, Feb 11, 2016
    30-year Treasury Bond Auction @ 1:15 pm et

    Friday, Feb 12, 2016
    Retail Sales @ 8:30 am et

    Friday, Feb 12, 2016
    Business Inventories @ 10am et

    Friday, Feb 12, 2016
    U of Michigan Consumer Sentiment @ 10am et


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