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ISM Reports Strong June Results

The Institute for Supply Management reported a rise in their index for the month of June, which shows that the manufacturing sector of the economy may be stronger than expected.  Experts were expecting a decline.   Bonds however were up today, despite this news which is not favorable for mortgage rates.  Rates should show now change [...]


Rates Flat Monday

Mortgage and Stock Markets were unchanged today, although mortgage rates should improve by about .25 to the points as a result of strengths in bonds from Friday.  There was no relevant news released today.  It will be a short trading week, with the bond market closing early on Thursday for the Fourth of July Holiday.   Rates Flat [...]


Rates Down Friday

It was another bad day on the stock markets, which helped mortgage rates continue to fall, despite some unfavorable economic news.  Rates should improve by .125 to price. The May Personal Outlays and Income data came in at levels not good for mortgage rates, showing income increasing and inflation slowing. The University of Michigan’s Index of Consumer [...]


 
    
Mortgage Loan Payment Calculator and Amortization Table
This calculator will compute a mortgage's monthly payment amount based on the principal amount borrowed, the length of the loan and the annual interest rate. This calculator will also compute your total mortgage payment which will include your property tax, property insurance and PMI payments. Then, once you have computed the monthly payment, click on the "Create Amortization Schedule" button to create a report you can print out.

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Our attempt is to provide our clients with up-to-date information on all current mortgage rates. The rates illustrated above are based on current market conditions for today, and are subject to change without notice.