Today's Rates 07-31-14

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

Wall St. tumbles; S&P below 50-day moving average

A trader works on the floor of the New York Stock Exchange shortly after the market's opening in New YorkBy Ryan Vlastelica NEW YORK (Reuters) - U.S. stocks slumped in a broad decline on Thursday, with the S&P 500 falling below a key technical level and erasing its gains for the month as concerns mounted over the strength of overseas economies and ongoing tensions with Russia. All ten primary S&P 500 sectors were down on the day, with energy the biggest decliner with a drop of 1.8 percent. Almost 90 percent of stocks traded on the New York Stock Exchange fell, while 82 percent of Nasdaq-listed shares were lower.




U.S. wage growth picking up as labor market tightens

A job seeker meets with a prospective employer at a career fair in New York CityThough economists cautioned against reading too much into the rise in the employment cost index, they said a tightening jobs market suggested wage growth would soon accelerate significantly. Most members of the Federal Reserve appear to believe it will be a lot later and not very rapidly but I am not that sure," said Joel Naroff, chief economist at Naroff Economics Advisors in Holland, Pennsylvania. The Employment Cost Index, the broadest measure of labor costs, rose 0.7 percent. It is one of Fed Chair Janet Yellen's favorite labor market gauges and is being closely watched for clues on the timing of the first interest rate increase from the U.S. central bank.