Daily Rates & Headlines | Wednesday, December 21, 2022
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*|Contact_First_Name|* *|Contact_Last_Name|*, Here is our Rate Sheet, and other interest rate observations from this morning. Good morning!! To view our entire rate sheet, simply click our Download Rate Sheet button.

Daily Rates & Headlines

For Friday, October 11, 2024

*|Contact_First_Name|* *|Contact_Last_Name|*,
Here is our Rate Sheet, and other interest rate observations from this morning. Good morning!! To view our entire rate sheet, simply click our Download Rate Sheet button.

Your Account Executive
Jim Beech
(801) 864-6400
Jim@directmortgage.com
Today Rate APR Yesterday Rate APR
Today's Par Rate 5.99% 6.171% Yesterday's Par Rate 5.875% 6.087%
Today's Price 0.065 Charge Yesterday's Price 0.396 Charge
Your Lender Paid Comp plan is currently set at 1.625% which would result in a borrower net charge of 1.69%.

Desired Rate Formula = 1st rate above 0%

*Rate Scenario Details: Purchase, 30 Year Fixed Rate, Conventional, $750,000 Purchase, $600,000 Loan, 80% LTV, 0% DTI, Income=$0, Primary Residence, Single Family Residence - Detached, 84045 Zip Code, FICO=800,Escrows=Yes, Fee Out, Expiration=12 days.
Change
Daily Rate Sheet Compare Comparison Rate* Difference Today Yesterday
Higher 7% 0.017 -2.637 -2.654
Higher

MBS Price
Current Day
at time of Rate Sheet Generation

MBS Price
Down: -04/32
10 Year Treasury
4.10
Lower
MBS Price
Yesterday Close
MBS Price
Up: 02/32
10 Year Treasury 4.06
Rate Influence Economic Report Actual Expected Prior
Lower
PPI
0.0%
0.1%
0.2%
Expected
Core PPI
0.2%
0.2%
0.3%
Lower
Consumer Sentiment
68.9
71.0
70.1
Legend:Yellow highlight = Higher Interest Rates.
Green Highlight = Lower Interest Rates.


Iran's Secret Warning to U.S. Allies: Don't Help Israel, or You're Next
(Wall Street Journal by Summer Said & Nancy A. Youssef, and Omar Abdel-Baqui). The threats through diplomatic channels have prompted Arab states to tell the U.S. that they won't aid any attack on Iran.

DUBAI-Tehran is threatening in secret diplomatic backchannels to target the oil-rich Arab Gulf states and other American allies in the Middle East if their territories or airspace are used for an attack on Iran, said Arab officials.

Israel has threatened Tehran with a severe reprisal after Iran fired about 180 ballistic missiles at Israel earlier this month, with some Israeli officials and commentators pushing for damaging strikes on Tehran's nuclear facilities or oil infrastructure. In that event, Iran has warned it would respond with devastating hits on Israel's civilian infrastructure, and would retaliate against any Arab state that facilitated the attack, the officials said.

The Arab officials said the countries that Iran has threatened include Jordan, the United Arab Emirates, Saudi Arabia and Qatar, all of which host U.S. troops. These states have told the Biden administration that they don't want their military infrastructure or airspace to be used by the U.S. or Israel for any offensive operations against Iran, the officials said.

While the Iranian threats are vague, they have raised concerns in energy-rich Persian Gulf states that their oil facilities-long viewed as protected by an American security umbrella-could be hit, the Arab officials said. U.S. military installations and forces in the region could also be at risk in a region with one of the highest concentrations of American troops in the world, they added.

Direct's Comment:
Has anyone in the mortgage industry been watching anything other than the rising interest rates?

Well, for those that watch biblical prophecies (quoting Jesus Christ prophesying in Mathew chapter 24), how can anyone not notice the growing and intense reactions surrounding Israel? First of all, why would anyone care about such a small country? And further, the disturbance surrounding Israel often seems illogical. But the hatred towards this country is very real. Yikes!

But if we are not careful, this future world-wide war will sneak up on us with our blind ignorance. And this event will impact our mortgage interest rates more than anything we have yet seen.

Let's be prepared. Let's get to work. Let's get after it!


We Believe In Angels.
(Doctrine and Covenants 84:88). And whoso receiveth you, there I will be also, for I will go before your face. I will be on your right hand and on your left, and my Spirit shall be in your hearts, and mine angels round about you, to bear you up.

Comment:
Often our members are "angels" to neighbors in need. Home teachers and visiting teachers, as ordinary people, frequently render service that seems angelic to grateful recipients. Young people who quietly leave homemade goodies on a doorstep or two experience the joy of anonymous service to others. And I am among the many who have often referred to the loving acts of an "angel mother" or an "angel wife," or the priceless love of "angel children."

Do we believe in angels? Yes!  We believe in angels - heavenly messengers - seen and unseen; and earthly angels who know whom to help and how to help. Gospel messengers, or angels, can include ordinary people like you and me.

May angels, known and unknown, serve you and protect you along life's perilous journey.
(Daily Joy, Russell M. Nelson, p. 309).


Make it a great day! Let's get after it.

James Beech
CEO