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MORTGAGE INTEREST RATE LOCK ADVISORY 12/1/16
MORTGAGE INTEREST RATE LOCK ADVISORY December 1, 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 0.05 points to 4.08% on 12-1-16 Rate Price Based on 3.5% MBS, Up 0.34 Point. DJI Stocks - Currently, $19,193.13, Up $69.55 0.36% Asian & European Stock Market Indexes Down -0.111% Crude Oil (WTI) - Currently, $50.95, Up $1.51 Gold 1 Ounce - Currently, $1,165.30, Down ($9.40) _____________________________________________________________________________ MARKET REPORTS & ANALYSIS     Rate Lock Advisory. Lock on up ticks. Rates are up again today and technical analysis provides no sign of rates improving in this uncertain market..  Thursday's Market Data: The ISM data is another negative for MBS that were already under pressure due to Russia's announcement that they would join OPEC in production cuts. Overall, another negative day for rates. Wednesday's Results: prices for rates based on Mortgage Backed Securities (MBS) closed up 0.57 point. 30-year fixed-rate mortgage (FRM) averaged 4.08 percent with an average 0.5 point for the week ending December 1, 2016, up from ... more

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