MORTGAGE INTEREST RATE LOCK ADVISORY
February 1, 2015, 8:00 AM PST
LOCK ADVISORY
- 1-6 Day Close: LOCK
- 7-15 Day Close: FLOAT
- 16-30 Day Close: FLOAT
MORTGAGE MARKET INDICATORS
- Freddie Mac Average:30-Yr FRM, on 01-29-15: 3.66% - Up 0.03%
- Rate Price Based on 3% MBS - Currently, Up 0.15 Point.
- DJI Stocks - Currently, $17,076.55, Down ($88.40)
- Asian & European Stock Market Indexes Down -0.61%
- Crude Oil (WTI) - Currently, $48.78, Up $0.55
- Gold 1 Ounce - Currently, $1,269.53, Down ($9.37)
MARKET NEWS
- Rates were helped Friday on news that prelminary 4th QTR GDP report was lighter than expected.
- I remain bullish for interest rates expecting lower rates. At these levels though I also expect increasing volatility.
- Fannie, Freddie bonds in high demand?
- 5 Cutting-Edge Design Trends for 2015
-
Pending Home Sales Fall Short of Expectations
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