Here is this week's weekly mortgage commentary for the week of June 12, 2011.
The US economy continues to grow. While that statement is true, the rate of growth continues to slow, and we seem to be hitting an even slower patch. While the economy has been very dependant on manufacturing to drive this recovery, we are seeing some slowing in that segment. In previous recoveries, consumers would generally be returning to spending, and driving more of the recovery effort. However, with the economy slow to add jobs, consumers are still holding back.
This week is jam-packed with economic data for markets to digest, including Retail Sales, Industrial Production, and both the Producer and Consumer Price Indices. With so many signs that consumers are not engaging and manufacturing is slowing, a positive Retail Sales report or surprise increase in IP would probably jolt the market, and rates might move upward. We’ve had some concerns with inflation accelerating when economic growth is slowing, but as long as the PPI and CPI remain near or below expectations, then they may not provide much upward pressure on mortgage rates.
Below is how I typically deliver my weekly mortgage commentary:
I hope you all are having a great day!
Here are today's mortgage interest rates for Arab, AL and the surrounding Marshall County area:
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Conventional 30 Year Fixed - 4.875% (5.164% APR)
Conventional 20 Year Fixed - 4.625% (5.016% APR)
Conventional 15 Year Fixed - 4.250% (4.738% APR)
FHA 30 Year Fixed - 4.750% (5.264% APR)
FHA 15 Year Fixed - 4.250% (5.013% APR)
VA Loan 30 Year Fixed - 4.75% (5.15% APR)
USDA Rural Development 100% Financing - 30 Year Fixed - 4.50% (5.28% APR)
AHFA Alabama Bond Monday - Step Up Loan - 4.75% (5.360% APR)
Rates as of 6/1/2011. Rates subject to change without notice.
If you found this post after 6/1/2011, you can always view today's rates by going to http://bit.ly/cfmrates
You can apply online right now by going to MortgagesCanBeSimple.com.
I hope you all are having a great day!
Here are today's mortgage interest rates for Cullman, AL and the surrounding Cullman County area:
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Conventional 30 Year Fixed - 4.875% (5.164% APR)
Conventional 20 Year Fixed - 4.625% (5.016% APR)
Conventional 15 Year Fixed - 4.250% (4.738% APR)
FHA 30 Year Fixed - 4.750% (5.264% APR)
FHA 15 Year Fixed - 4.250% (5.013% APR)
VA Loan 30 Year Fixed - 4.75% (5.15% APR)
USDA Rural Development 100% Financing - 30 Year Fixed - 4.50% (5.28% APR)
AHFA Alabama Bond Monday - Step Up Loan - 4.75% (5.360% APR)
Rates as of 6/1/2011. Rates subject to change without notice.
If you found this post after 6/1/2011, you can always view today's rates by going to http://bit.ly/cfmrates
You can apply online right now by going to MortgagesCanBeSimple.com.
Here are today's local Marshall County interest rates as of Janurary 2, 2011. These rates are for Arab, AL; Guntersville, AL; Albertville, AL; Boaz, AL; and other surrounding communities.
Conventional 30 Year Fixed Rate
4.750% (5.037% APR)
Conventional 15 Year Fixed Rate
4.250% (4.739% APR)
FHA 30 Year Fixed Rate
4.625% (4.974% APR)
FHA 15 Year Fixed Rate
4.000% (4.758% APR)
VA Loan 30 Year Fixed Rate
5.000% (5.132% APR)
100% USDA / Rural Development Loan - 30 Year Fixed Rate
4.750% (5.102%)
AHFA Step Up (FHA Down Payment Assistance Loan)
4.875% (5.207% APR)
Here are today's local Marshall County interest rates as of October 20, 2010. These rates are for Arab, AL; Guntersville, AL; Albertville, AL; Boaz, AL; and other surrounding communities.
Conventional 30 Year Fixed Rate
4.000% (4.147% APR)
Conventional 15 Year Fixed Rate
3.750% (4.232% APR)
FHA 30 Year Fixed Rate
3.875% (4.209% APR)
FHA 15 Year Fixed Rate
3.75% (4.503% APR)
VA Loan 30 Year Fixed Rate
4.250% (4.376% APR)
100% USDA / Rural Development Loan - 30 Year Fixed Rate
4.000% (4.337%)
AHFA Step Up (FHA Down Payment Assistance Loan)
4.375% (4.697% APR)
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Consumer First Mortgage is a full-service mortgage lending firm. We offer all conventional, FHA, VA, USDA, and Alabama Housing Bond Money loans. Call today for your free mortgage consultation.
HI! Welcome to my profile. My name is Brandon Snider. I am originally from Arab, AL, and am proud to be back home to serve clients as a mortgage lender in Arab, AL and Cullman, AL, as well as the surrounding areas. I graduated from the University of Alabama with a B.S. in Commerce & Business Administration in 2003. I became a mortgage lender 2004 as a lender with Wells Fago. I joined Consumer First Mortgage (CFM) in 2006 as a Mortgage Banker. In February 2007, my wife and I moved back to Arab, AL where opened the very first 'net branch' of CFM. I was the first Lending Manager/Branch Partner. In June of 2009, I opened my second branch of CFM in Cullman, AL. Both have been growing ever since!
My commitment to excellence, strong work ethic, and dedication to serving my client’s needs have built the foundation for my career. Whether you’re a first-time homebuyer or an experienced homebuyer, or maybe just looking to refinance...I can guide you through the entire process.
Be sure to "Like" my page on Facebook by going to www.facebook.com/cfmarab. Follow me on Twitter (@cfmbrandon) or click on Twitter.com/cfmbrandon
I have extensive knowledge of all types of conventional and government mortgages, including USDA Rural Development Loans, FHA Loans, VA Loans, and Alabama Housing's bond programs. CFM was the largest retail, non-bank FHA lender in 2009. If you're looking for 100% Financing in Arab, AL or Cullman, AL ...then we can help!!
We have a staff of in-house underwriters and processors and we can take the entire process from application to closing without it ever leaving our company. This makes it a more streamlined process for you as a borrower.
Client Referrals:
“Brandon Snider is a detailed-oriented manager who I highly recommend you to use if you are looking at buying a house. I was looking for buy a my first house, didn't know what I was doing and he was always there to answer questions. He is very affordable and is very involved to help you in any way he can. He was always looking for ways he could lower my interest rate to get the best deal. He is a strong Christian Man of God who is reliable, trustworthy, and consistent. His work is Superlative.” Merideth W. - Client
“Recently Brandon provided financial advise to me related to long term interests. This advise has proven that he is a careful and exact planner. He is perceptive, possesses sound listening skills, and can quickly identify problems and formulate solutions. After I implemented the financial guidance he offered it has enabled me to increase my financial net worth.” - Curtis S. - Client
Realtor Referrals:
“Brandon Snider is an wonderful loan officer and we would recommend him to anyone looking for a mortgage. He is excellent in his field. His company is very professional as well as the other loan officers in his office. We appreciate the opportunity to work with an honest, trustyworthy and loyal loan officer.” - Lachun W. - RE/MAX
“I recommend Brandon for all of your mortgage needs. He is very competitive and will work hard to please his clients. I have found business with him to be enjoyable and professional. The clients I have sent to Brandon have been very pleased. They walked away from the transaction happy as well as informed and eager to send more business his way.” - Julie M. - Coldwell Banker
“I am a Realtor and have worked with Brandon on many occasions. Brandon is diligent in the service of his clients and helping Realtors. What has probably impressed me the most personally and professionally is his level of commitment and integrity(1. adherence to moral and ethical principles; soundness of moral character; honesty. ) It is very easy in this market to make a mistake or to overlook something, or to catch something unexpected, and I have yet and probably will never meet anyone who is perfect, with that being said: If something has ever went astray, Brandon has always picked up the torch and seen it through, even when it was others mistakes. I would have no problem in sending any client to Brandon and knowing they will receive the highest level of professional service and dedication to their individual needs. Brandon will be a success in anything he puts his hand to in my opinion.” - Jennifer M. - RE/MAX
“Brandon is a very hard working person, who puts his customers first. He is very knowledgeable about the programs his company offers as well as the current market.” Milinda G. - Mill Creek Realty
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