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MORTGAGE INTEREST RATE LOCK ADVISORY 11/29/16
MORTGAGE INTEREST RATE LOCK ADVISORY November 29, 2016, 7:50 AM PT 
1-15 Day Close:   LOCK 16-30 Day Close: LOCK 31-45 Day Close: LOCK 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 0.09 points to 4.03% on 11-23-16 Rate Price Based on 3.5% MBS, Up 0.05 Point. DJI Stocks - Currently, $19,096.81, Down ($1.09) -0.01% Asian & European Stock Market Indexes Down -0.282% Crude Oil (WTI) - Currently, $45.33, Down ($1.75) Gold 1 Ounce - Currently, $1,189.80, Down ($4.50) _____________________________________________________________________________ MARKET REPORTS & ANALYSIS     Rate Lock Advisory. Lock on up ticks. While rates improved slightly yesterday they are up again this morning.  Overall, rates show no sign of improving in this uncertain market..  Tuesday's Market Data:  The first revision to the 3rd QTR GDP came in at 3.20% versus estimates of 3.00%. A little stronger than expected, generally GDP above 3.00% is very negative for bonds.  November Consumer Confidence 107.1 versus industry's estimate of 100.0. This is a very strong reading and generally negative for pricing Monday's Mortgage Market: prices for rates based on Mortgage Backed ... more

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