Alexander City, Alabama - Home Loans, Housing Loans, and Loan Companies.

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Do most mortgage lenders provide construction loans? Many mortgage lenders have construction-to-permanent financing loan programs. Programs will vary with each individual lender. Typically, a construction loan is an interim loan secured by the property on which a dwelling is being constructed. The funds are usually disbursed throughout the construction period and replaced with permanent financing once the construction is completed. You may also choose to utilize separate lenders for the construction financing and the permanent financing
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Latest News Headlines
Mon, 11 Aug 2014 13:28:22 GMT Bond Markets Battle Back After Weaker Overnight Trading

Treasury yields moved slightly higher overnight, extending Friday afternoon's weakness in fairly linear fashion.  The weakness ended when European markets came online.  German Bund yields opened several bps higher (they hadn't had a chance to take part in Friday's sell-off), but began improving from there. 

Treasuries started the domestic session a few bps higher.  10yr yields briefly hit 2.44 but are currently back down to 2.418, close to breaking even.  MBS started 1 tick lower and are now 3 ticks higher.  Domestic bond markets have been cautiously advancing this morning as European bond markets have been holding ground or improving.

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Fri, 08 Aug 2014 20:04:45 GMT Negative Reprice Risk Remains; Possibly Increasing as Levels Leak Lower

Fannie 3.5s just ticked briefly to new lows on the day.  Both MBS and Treasuries have been grinding along at their weakest levels as the weekend approaches.  Considering that reprice risk was already on the table with the initial afternoon sell-off, it's safe to assume it not only remains, but could be increasing slightly.

We're currently down only 3 ticks on the day at 102-17, but 6 ticks lower from lender rate sheet print times.  10yr yields are unchanged at 2.424.

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