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MORTGAGE INTEREST RATE LOCK ADVISORY 11/15/16
MORTGAGE INTEREST RATE LOCK ADVISORY November 15, 2016, 8:00 AM PT    1-15 Day Close:   Caution 16-30 Day Close: Caution 31-45 Day Close: Caution Recommendations can change throughout the day.   Click for current Lock Advice  ________________________________________________________________________________________  Reverse Mortgages Provide Senior Financial Security. Click for Information _____________________________________________________________________________  MARKET INDICATORS Average 30-Yr FRM, up 0.03 points to 3.57% on 11-10-16 Rate Price Based on 3% MBS, Down -0.25 Point. DJI Stocks - Currently, $18,831.36, Down ($37.33) -0.2% Asian & European Stock Market Indexes Up 0.143% Crude Oil (WTI) - Currently, $44.92, Up $1.60 Gold 1 Ounce - Currently, $1,226.40, Up $2.00 _____________________________________________________________________________ MARKET REPORTS & ANALYSIS      Rate Lock Advisory. Rate prices moved up 2.07 points over the previous five days. This morning MBS prices have improved 0.27 point. Possibly this is the beginning of the awaited pullback. However, at this point, the market is too uncertain to predict. Monday's Mortgage Market: prices for rates based on Mortgage Backed Securities (MBS) continued their rise, closed up 0.70 point..  30-year fixed-rate mortgage (FRM) averaged 3.54 percent with an average 0.5 point for the week ending November 3, 2016, up from last week when it averaged 3.47 percent. A year ago at this time, the ... more

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