MORTGAGE INTEREST RATE LOCK ADVISORY
January 8, 2015, 7:45 AM PST
LOCK ADVISORY
- 1-6 Day Close: LOCK After Recent Sharp Drop to avoid Rate Snap Back
- 7-15 Day Close: LOCK
- 16-30 Day Close: LOCK
MORTGAGE MARKET INDICATORS
- FHLMC Weekly Average:30-Yr FRM, on 12-31-14: 3.73% - Down 0.14%
- MBS (3.5%) - Currently, 102.08, High: 102.33, Low: 101.99, Up 0.25 Point.
- DJI Stocks - Currently, $17,826.05, Up $241.53
- Asian & European Stock Market Indexes Up 2.38%
- Crude Oil (WTI) - Currently, $49.00, Up $0.35
- Gold 1 Ounce - Currently, $1,215.00, Up $4.30
MARKET NEWS
-
Look for short term Rate correction. Lock to take advantage of recent rate dro
p.
- FHA will reduced MIP from 1.35% to 0.85%
- Obama to direct FHA to cut mortgage insurance premiums in speech today.
- Stronger Economy Drives New Home Buyers
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- Turning Likes into Clients: How to run a successful Facebook page for your business.
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