| Great news! The F.D.A. Advisory Panel gives the green light for the Pfizer Vaccine. The agency is likely to, giving health care workers and nursing home residents first priority to receive the shots early next week.The S&P 500 fell on Friday, as the outlook for an additional fiscal stimulus remained uncertain. For the week, the Dow and S&P 500 were down 0.6% and 1.1%, respectively. The Nasdaq has lost 1% week to date.As Congress continued to try hard to finalize a new stimulus plan, mortgage bonds are mixed while Treasury prices rose as more positive news looms. The 10-year yield has slipped to .89%. Also, it keeps changing on a daily basis.
As the economy improves, it puts upward pressure on rates. At the same time, global investors seek for yield, and U.S. Mortgage Bonds may be attractive investment choice for investors. This would limit rising rates. |
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Economic Calendar
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| Report |
Period |
Estimate |
Impact |
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| Date: Tue. Dec. 15 |
|
| Empire State Index |
Dec |
7.40 |
Moderate |
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| Date: Wed. Dec. 16 |
|
| Retail Sales ex-auto |
Nov |
0.2% |
High |
| Housing Market Index |
Dec |
89 |
Moderate |
| FOMC Meeting |
Dec |
Unch |
High |
| Retail Sales |
Nov |
0.1% |
High |
|
| Date: Thu. Dec. 17 |
|
| Jobless Claims (Initial) |
12/12 |
759K |
Moderate |
| Housing Starts |
Nov |
1.528M |
Moderate |
| Building Permits |
Nov |
1.555M |
Moderate |
| Philadelphia Fed Index |
Dec |
21.7 |
Moderate |
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Today’s Rate
Dec 11, 2020 |
| Conforming Loan |
| Loan Term (Yr) |
Rate (%) |
APR (%) |
| 30yr Fixed |
2.250% |
2.317% APR |
| 15yr Fixed |
1.875% |
1.942% APR |
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| High Balance Loan |
| Loan Term (Yr) |
Rate (%) |
APR (%) |
| 30yr Fixed |
2.375% |
2.442% APR |
| 15yr Fixed |
1.875% |
1.942% APR |
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| Jumbo Loan |
| Loan Term (Yr) |
Rate (%) |
APR (%) |
| 30yr Fixed |
2.750% |
2.817% APR |
| 15yr Fixed |
2.625% |
2.692% APR |
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| Daily rate based on: SFR/Primary/LTV60/FICO 780/Purchase |
IMPORTANT: Advertised rates were valid and effective as of the date reflected above, are for informational purposes only, and are subject to change without notice.Loans are subject to credit and collateral approval. Advertised rates are based on a set of loan assumptions including a borrower with excellent credit history and optimal loan characteristics. Your final interest rate and annual percentage rate (APR) may differ depending on your individual transaction’s specific characteristics, and certain products may not be available for your situation. Several determining factors include, but are not limited to, the state of the property location, loan amount, documentation type, loan type, occupancy type, property type, loan to value, and credit score.APR reflects the cost of credit over the term of the loan expressed as an annual rate. For mortgage loans, APR may include the interest rate, discount points (also referred to as “points”), and other charges or fees (such as mortgage insurance and origination fees), but does not necessarily take into account other loan-specific finance charges you may be required to pay.
| Golden Star, Inc. dba Transglobal Lending, 185 W. Chestnut Ave., Monrovia, CA 91016, NMLS # 1437002 (www.transgloballending.com). All rights reserved. Equal Opportunity Employer and Equal Housing Lender. All mortgage products are subject to credit property approval. Rates, Program terms and conditions are subject to change without notice. Additional conditions, qualifications, and restrictions may apply. This is not an offer for extension of credit or a commitment to lend. |
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