MORTGAGE INTEREST RATE LOCK ADVISORY
January 16, 2015, 8:00 AM PST
LOCK ADVISORY
- 1-6 Day Close: LOCK
- 7-15 Day Close: NEUTRAL
- 16-30 Day Close: FLOAT
MORTGAGE MARKET INDICATORS
- FHLMC Weekly Average:30-Yr FRM, on 01-15-15: 3.66% - Down 0.07
- MBS (3%) - Currently, 102.77, High: 103.42, Low: 102.68, Up 0.65 Point.
- DJI Stocks - Currently, $17,357.20, Up $36.49
- Asian & European Stock Market Indexes Down -0.263%
- Crude Oil (WTI) - Currently, $47.48, Up $1.26
- Gold 1 Ounce - Currently, $1,273.30, Up $8.50
MARKET NEWS
- Bond prices remain at the top of established trading channel . High probability for temporary price increase.
- The January Consumer Sentiment Index hit 98.2 vs est of 94.1.This is a HUGE reading and negative for pricing.
- All Indicators Experience Growth in Q4 Housing Barometer
- Fitch: 6 predictions for housing in 2015
- CFPB mortgage rate tool needs to be taken down
- Critical Update on FHA's New MIP Cancellation Procedures
- Home Prices Still 2% Undervalued Nationally
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