All eyes are on the Feds and the posibility of QE easing. With the threat of a military strike on Syria and the economy continuing to improve, we can expect the volitility in rates to continue. It's anyones guess on what will happen with either topic.

Please remember that we do purchase money loans and we can help with the refinance of your current loan regardless of who it is with. Our rates are below the national average and we are usually anywhere from 0.25% up to 0.5% lower in rate than you can get from your current mortgage lender as their existing customer.

Current Mortgage Rates

We can help you with a new purchase or refinance your existing loan with these great rates!

Term	Rate	Orig Fee	Disc Fee	APR
30-Yr Fixed	4.500%	0.000%	0.000%	4.544%
20-Yr Fixed	4.375%	0.750%	0.000%	4.498%
15-Yr Fixed	3.375%	0.000%	0.000%	3.451%
10-Yr Fixed	3.250%	0.000%	0.000%	3.359%
30-Yr Jumbo	5.125%	0.000%	0.000%	5.152%

Payment Calculator

*Posted rates and APR's are based on primary residence, Purchase or Rate and Term Refinance loan amount of $165K, 80% LTV, mid credit score of 740 or higher, full income and asset verification. Rates and origination fees as of 09/05/2013 at 5 PM and are subject to market fluctuations. Jumbo rates are based on the above qualifications with an LTV of 65% and a loan amount of 418K. Jumbo's available up to 80% LTV.

Insider's Industry News

Clear Capital: Yearly Home Price Growth Up 10.2 Percent in August

Mortgage applications decreased 3.7 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending July 26, 2013. The Market Composite Index, a measure of mortgage loan application volume, decreased 3.7 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased four percent compared with the previous week. The Refinance Index decreased four percent from the previous week. The seasonally adjusted Purchase Index decreased three percent from one week earlier. The unadjusted Purchase Index also decreased three percent compared with the previous week and was five percent higher than the same week one year ag

o..... Continue to article

Article By:National Mortgage Professional Magazine Tues, 2013-09-03 16:51

What's Moving The Market

August : 30-Yr Fixed National Average Rate Chart

Last Week's Mortgage Rate Recap

Once again we saw another week where rates ended basically unchanged for the week, hugging tightly to the technical resistance point. We did see a jump on Tuesday as news from Syria had traders move to bonds, but the gains were extremely short lived as Wednesday we saw all gains lost as part of a sell off that drove us right back to that same resistance level. Even though we see consistency to where we begin and end each day, we are seeing lots of intraday volatility.

This week mortgage rates will see action based on a large number of economic data releases, as news about Syria and the President seeking support from Congress has cooled off trader reactions. The next couple of weeks may very well prove to be the calm before the storm as traders wait to see what the September 18th FOMC meeting brings. Even still, we should expect each day to bring it's own voliatility as speculation continues on Fed tapering.

Article By: Sigma Research and provided by TBWS Rate Alert on 09/05/2013

HARP 2.0 will end this year. With rates still at historic lows, now is the best time to check into refinancing if you, your friends or family have not done so already. I tuley care about each of my clients and I promis to dedicate as much time and help as is needed to each person that inquires about refinancing through a referral from a client. All I can ask is that you have them call me and I will take it from there. Honestly, they will appreciate you thinking of them.

Sincerely,

Joseph Adsit
President / Sr Loan Originator

NMLS #216585

1st Rate Mortgage Services LLC

NMLS #771904

770-334-8451

joe@1stRateMtg.com

1st Rate Mortgage is not authorized by, in sponsorship with or otherwise affiliated with the lender for whom this newsletter is addressed and received by.

Georgia Residential Mortgage Licensee