Today's Rates 07-24-14

Loan Amt:  
Term Rate APR Payment
30 Yr 4.050% 4.090%
Super Conf 30yr 4.125% 4.125%
FHA 3.500% 3.500%
15 Yr 3.000% 3.060%
5/1 ARM 2.875% 2.827%
7/1 ARM 3.125% 2.969%
30 Yr VA 3.500% 3.500%
 









 
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Whether you're looking for home loan rates in Fairfax VA or want to speak with us about getting a 30 year fixed mortgage loan in Virginia Beach VA, we can help. Atlantic Mortgage & Funding is a Virginia based mortgage company providing home loans in 4 states, including Kentucky, Maryland, Tennessee, and Virginia. We strive to offer great purchase and refinance rates as well as affordable closing costs so that you can get into the home you've worked so hard for.

 

Today's featured product is a 30 year fixed rate at 3.875 (4.003 APR)
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Market News

GM's profit falls on recall costs, victims' compensation fund

The Chevrolet logo and the U.S. flag are seen in Gaithersburg, MarylandBy Ben Klayman DETROIT (Reuters) - General Motors Co reported a much lower second-quarter profit on Thursday due to numerous recalls and the expected cost of at least $400 million for a compensation fund for those killed or injured by a defective ignition switch linked to at least 13 deaths. GM also reiterated that it expected a moderately improved operating profit this year and that its future recall costs would be slightly higher than historic rates. "We're on or ahead of the plan we shared in January," Chief Financial Officer Chuck Stevens told reporters. "Our expectation is that the second half of the year will be better than the first half." Morgan Stanley analyst Adam Jonas said strong vehicle pricing in North America "saves the quarter." GM earlier this year recalled 2.6 million cars for the faulty ignition switches, which can cause engine stalls and stop power steering and power brakes from operating and air bags from deploying.




U.S. jobless claims lowest since early 2006; new home sales tumble

People attend a job fair in DetroitBy Lucia Mutikani WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits fell to the lowest level in nearly 8-1/2 years last week, suggesting the labor market recovery was gaining traction. Initial claims for state unemployment benefits declined 19,000 to a seasonally adjusted 284,000 for the week ended July 19, the lowest level since February 2006, the Labor Department said. The data provided further confirmation that the labor market is tightening.