Prosperity's News You Can Use

November 10, 2014

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Bettering Our Business: Giving Back to Our Nation’s Military

Prosperity Home Mortgage, LLC is dedicated to giving back to the men and women who have served in the United States military, and we are pleased to announce an exciting new campaign in honor of Veterans Day this Tuesday. We will introduce a new incentive for veterans and active duty members of the Armed Forces who are buying or refinancing a home with a Veterans Affairs (VA) home loan through Prosperity. This incentive is available for all loan customers who apply for a VA home loan with Prosperity between Nov. 10 and Dec. 31, 2014. The loan must close by March 31, 2015.

Below is a list of the incentives included in this special campaign:

  • No loan origination fee ($995 value)
  • A complimentary one-year home warranty through HMS or 210 Home Warranty OR complimentary appraisal from Prosperity (up to $450 value)
  • A 10-percent discount off a home inspection fee with US Inspect (purchase only)
  • $200 off the settlement/closing fee from RGS Title, Sage Title Group, Settlement Pros and Mid-States Title of Southwest VA

Interest Rates

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Weekly Market Update

Mortgage bond prices finished the week near unchanged holding mortgage rates steady. Rates were slightly negative the beginning of the week tied to stronger than expected data.

The Institute for Supply Management release printed at 59 versus the expected 56.2 mark. The trade deficit stood at $43B versus the expected $40.2B deficit. Factory orders data fell 0.6%, which was near expectations.

The ADP payroll report indicated the US economy added 230K jobs in October. Traders expected the addition of 220K jobs. Unemployment came in at 5.8% and payrolls rose 214K versus the expected 235K increase. Mortgage interest rates finished the week flat.

Contact Me

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Licensed by the NJ Department of Banking and Insurance. Also licensed in Delaware, District of Columbia, Maryland, North Carolina, Pennsylvania, South Carolina, Virginia, and West Virginia.

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