Just a quick reminder that we are now licensed to do business in Florida! If your thinking of owning a property in Florida or have an existing mortgage you want to explore refinancing, let me know!

I recently opened a new Rate Table on the home page of my web center. This rate table is updated every 10 - 15 minutes so you are assured to always have the most current rates at your fingertips. As always, you can call me to get the current rates but this makes it that much easier if you don't have time to call.

Please always remember, our rates are below the national average and we are usually anywhere from 0.25% to 0.5% lower in rate than your current lender or bank.

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	P&I Payment
30-Yr Fixed	4.125%	0.000%	0.000%	4.187%	$775.89
20-Yr Fixed	3.875%	0.250%	0.000%	4.055%	$989.03
15-Yr Fixed	3.000%	0..339%	0.000%	3.241%	$1,139.46
10-Yr Fixed	2.875%	0.000%	0.000%	3.119%	$1,583.75
30-Yr Jumbo	4.500%	0.163%	0.000%	4.600%	$2,117.94

*Posted rates and APR's are based on primary residence, Purchase or Rate and Term Refinance loan amount of $200K, 80% LTV, mid credit score of 740 or higher, full income and asset verification. Rates and origination fees as of 11/05/2013 at 11 AM 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.

**Payments do not include amounts for taxes and insurance premiums.

30-yr YTD National Average

Mortgage Calculators

Insider's Industry News

Tight Credit Continues to Impact Homebuyer Market

Although the housing market has shown a healthy recovery over the past two years, unnecessarily restrictive mortgage lending standards are preventing some financially qualified buyers from reaching their dreams, especially singles and first-time buyers, according to an annual study recently released by the National Association of Realtors (NAR). The 2013 National Association of Realtors Profile of Home Buyers and Sellers continues a long-running series of large national NAR surveys evaluating the demographics, preferences, motivations, plans and experiences of recent home buyers and sellers; the series dates back to 1981. Results are representative of..... Continue to article

Article By:National Mortgage Professional Magazine , Mon, 2013-11-04 17:59

What's Moving The Market

October : 30-Yr Fixed National Average Rate Chart

What is on the agenda for this week?

We have another very big week for economic data.

We will get a double dose of Factory Orders this morning with both the August and September release. But the two biggest reports this week will be GDP and Non-Farm Payrolls.

Third Quarter GDP will be released on Thursday. The market is expecting growth around 2.0% which is slower than the prior reading of 2.5%. If we get a number below 2.0%, MBS will rally. If we get a reading above 2.15% then MBS will sell off.

Non-Farm Payrolls will be released on Friday. The market is expecting a very low reading of 130K which is a pull back from the prior reading of 148K. If you recall that 148K was a big miss from the consensus estimates of 180K at that time. This reading has the potential to set our next trading channel. If we get a reading of 125K or below, expect MBS to rally and crawl back up to the trading channel that we had two weeks ago (better pricing for you). But, if we get a reading above 145K, then MBS will sell off and we will break through our 25 day moving average and trade in a new and lower channel (worse pricing for you).

There are no major Treasury auctions today.

We do have a limited upside (+25BPS) from our current position and a limited downside too (-26BPS) from our current position. So, we have a wider range this week compared to last week and may see some more defined pricing swings as a result. Ultimately it will depend on GDP and Non-Farm Payrolls, if we are going to see any type of meaningful rally

Article By: Sigma Research and provided by TBWS Rate Alert on 11/04/2013

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 truly care about each of my clients and I promise 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 Ext. 101

850-518-1200 Ext. 101

joe@1stRateMtg.com

www.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.

A Mortgage Licensee in the following states: GA, FL