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MarketWatch

Greek Deal on Monday?

Increased optimism that a Greek bailout package will be approved on Monday caused investors to shift to riskier assets, which was negative for mortgage rates. Mixed US growth and inflation data had little net impact. Mortgage rates ended the week a little higher.

After several weeks of uncertainty, it appears that European officials are close to reaching agreement on a much needed bailout package for Greece. Despite strong public opposition, Greek leaders took a big step by passing a budget with new austerity measures. Comments from euro zone leaders expressed broad support for providing additional aid, which Greece needs to avoid a default on debt maturing on March 20. Prior to this week, it appeared that the option to let Greece default and possibly leave the European Union was under serious consideration, but investors now believe that European leaders will not let this happen. An important meeting is scheduled for Monday, and investors expect a deal to be announced. In anticipation, investors shifted to riskier assets, and relatively safer assets such as mortgage-backed securities (MBS) dropped in price, pushing mortgage rates higher.

The inflation data released last week showed that core inflation rates (which exclude food and energy) have continued to rise. Core CPI inflation was 2.3% higher than one year ago, which was the highest annual rate since September 2008. Fed officials forecast that core inflation levels will moderate later in the year. If it unexpectedly continues to move higher, however, the impact could be large. Higher inflation is negative for mortgage rates. In addition, it would be more difficult for the Fed to maintain its current loose monetary policy. Investors will be closely watching core inflation levels in coming months to see if the Fed's forecast proves correct.

Commentary provided by www.mbsquoteline.com

 

Today's Mortgage Rates

Why Choose Amera?Minimize

At Amera Mortgage Corporation, we pride ourselves on building a relationship with, you, our client. We strive to provide the finest customer service as well as competitive rates.   We have helped thousands of our customers realize their dreams of owning a home, or saved them money on a refinance of a current mortgage.
 
Amera is large enough to offer you an extensive range of mortgage programs at competitive rates.  However, we don't lose sight of the importance of small company customer service.  Amera understands that people drive our business and we are committed to building lasting relationships with the people who choose Amera Mortgage.  Our team, of highly experienced loan officers, is located in or around your community to personally assist you and make your home buying process an enjoyable experience.
 
So, whatever your home loan needs, Amera can help. Contact us today and start building for tomorrow!

 

LendRight Lender
        A Better Mortgage Starts Here
 
 Home buying done right starts with LendRIGHTTM . We represent the top 3% of community lenders in the U.S. We carry the LendRIGHTTM seal because we are leaders who work with you so that you understand your options and can make good choices.
 
We know that the RIGHT way to do business is to put your needs first. We believe in:
           
Relationships   - working with you to identify the right loan
Information     - sharing what we know to help you understand your options
Guidance         - providing advice to help you make good choices
Honesty          - communicating and responding to your needs in an open manner
Trust              - working to take care of the details to help you close on time 
 
So when you are ready to finance your first home, your second home or refinance your current home, look for a LendRIGHTTM Lender.   Committed to doing it right. Every day. For you.
Product Watch

You just love the house...except for the leaky pipes. Or maybe the kitchen is too small. Perhaps it needs a new roof or siding? For the house that's almost perfect, we have the perfect solution!  An FHA 203(k) Mortgage is a mortgage and home improvement loan all in one. Now you can buy or refinance a property that needs renovation, repair or remodeling and easily finance both the purchase and the improvements in one easy step.  Give us a call today!

Amera Gives BackMinimize

Amera is active in it's local communities and many of it's employees volunteer and work to help make their communities a better place.  Below are just some of the activities in which Amera or it's employees partake:

  • Amera participates in an ongoing program where it collects food, clothing, money and household item donations for Community Sharing, a local charity.  Community Sharing uses these items to help families in need.  Any donations can be made at the Amera Milford location.
  • Amera is also a business sponsor for the Junior Achievement.  Amera helps sponsor the CapitolBancorp Junior Achievement 5K run held in Lansing, MI each year.
  • Amera works with Habitat of Humanity to provide families affordable housing.
  • Amera sponsors many local youth sports programs and activities.