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    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 two 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.

    July 24, 2014

    Today's market Commentary

    Mortgage bond prices remain lower this morning adding to the losses from yesterday afternoon which is pushing mortgage interest rates sharply higher.

    The initial data this morning was not rate friendly. Weekly jobless claims were a lower than expected 284k. Analysts anticipated a 308k mark and this beat the estimate by a large margin.

    New home sales data was more rate friendly but we have yet to get much traction from the release. New home sales came in at 406k versus the expected 475k mark.

    We saw this morning the importance of data and daily mortgage interest rate changes. The rest of the month has multiple releases of significant importance. An email was sent over the weekend detailing the reports and their importance. If you did not receive the report, send an email to cs@ratelink.com with the subject line DATA and we will get it out to you.

    Event Calendar:
    Tuesday, Jul 22, 2014
    Consumer Price Index @ 8:30 am et

    Tuesday, Jul 22, 2014
    Existing Home sales @ 10:00 am ET

    Thursday, Jul 24, 2014
    Weekly Jobless Claims @ 8:30 am et

    Thursday, Jul 24, 2014
    New Home Sales @ 10 am et

    Friday, Jul 25, 2014
    Durable Goods Orders @ 8:30 am et

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