Today's Rates 05-22-15

Loan Amt:  
Term Rate APR Payment
30 Yr 4.125% 4.125%
Super Conf 30yr 4.250% 4.250%
FHA 3.500% 3.500%
15 Yr 3.125% 3.125%
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 5 states, including Florida, 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 3.625 (3.739 APR)
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Market News

Yellen tone suggests choppiness for markets ahead

A street sign for Wall Street hangs in front of the New York Stock ExchangeU.S. stock investors have been enjoying an extended period of low volatility and steady gains, but with the Federal Reserve on track to raise interest rates this year and major indexes near records, the market could get a bit choppier in coming weeks. Fed Chair Janet Yellen on Friday said she expected the U.S. central bank to raise rates in 2015, though the process was expected to be gradual, with the timing of the first hike dependent on the strength of economic data. Some weak reports have pushed back the expected lift-off, but Yellen's words suggest the Fed is still headed to rate increases later this year.




Fed on track to hike rates as economic headwinds wane: Yellen

File photo of Federal Reserve Chair Yellen speaking at meeting of the FSOC at the Treasury Department in WashingtonBy Jonathan Spicer and Michael Flaherty PROVIDENCE, R.I. (Reuters) - Federal Reserve Chair Janet Yellen was clearer than ever on Friday that the central bank was poised to raise interest rates this year, as the U.S. economy was set to bounce back from an early-year slump and as headwinds at home and abroad waned. Yellen spoke amid growing concern at the Fed about volatility in financial markets once it begins to raise rates, and a desire to begin coaxing skeptical investors toward accepting the inevitable: that a 6-1/2-year stretch of near-zero interest rates would soon end. In a speech to a business group in Providence, Rhode Island, Yellen said she expected the world's largest economy to strengthen after a slowdown due to "transitory factors" in recent months, and noted that some of the weakness might be due to "statistical noise." The confident tone suggested the Fed wants to set the stage as early as possible for its first rate rise in nearly a decade, with Yellen stressing that monetary policy must get out ahead of an economy whose future looks bright.