September Is Mortgage Professional Month

September 2025 Newsletter

Marine Bank’s team of expert mortgage lenders is committed to making you feel comfortable and confident every step of the way. At Marine Bank, you have the option to apply for a mortgage online and get pre-approved using our Marine Bank Mortgage Mobile app or you can apply in-person at a Marine Bank banking center. Either way, you will get a quick decision and the personal attention of an experienced residential loan officer. Click here for more ways our mortgage experts can make your home buying process easier.

Yes and no. The Federal Reserve influences mortgage rates indirectly by setting the federal funds rate, which affects the yield on the 10-year Treasury note, the interest rate that the U.S. government pays to issue debt over 10 years. As a long-duration loan, mortgage rates are primarily benchmarked to the 10-year Treasury note, which has a duration close to the average mortgage. Therefore, movement in the 10-year Treasury has a significantly larger and more direct impact on mortgage rates than the federal funds rate. Click here to learn more.

Joe Coakley has been successful at several careers, including police officer, ambulance medical team member, car salesman, employment agency owner, and medical office manager. Fortunately for our community, he wasn’t very good at retirement. Now he’s connecting friends and neighbors with community resources including Marine Bank’s banking professionals. Learn more about Joe.