MORTGAGE INTEREST RATE LOCK ADVISORY
January 22, 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
- Freddie Mac Average:30-Yr FRM, on 01-22-15: 3.63% - Down 0.03%
- Rates Based on MBS (3%) - Currently, Up 0.02 Point.
- DJI Stocks - Currently, $17,573.35, Up $58.12
- Asian & European Stock Market Indexes Down -0.029%
- Crude Oil (WTI) - Currently, $46.39, Unchanged $0.00
- Gold 1 Ounce - Currently, $1,288.00, Down ($7.00)
MARKET NEWS
- MBS Up 0.28, down to 0.01, up 0.18 now down 0.07. Looks like a volatile day.
- MBS helped by European Central Bank announces €60bn a month of quantitative easing .
- HUD Secretary Talks Opportunities, Challenges for Housing in 2015
- Seriously underwater properties decrease 2.2 million in 2014
- Critical Update on FHA's New MIP Cancellation Procedures
- Home Prices Still 2% Undervalued Nationally
-
CFPB created an uneven playing field between mortgage brokers and bankers.
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