Thursday AM Lock Advisory & Market News 5-21-15

• 1-7 Day Close: LOCK
• 8-14 Day Close: LOCK
• 15-30 Day Close: LOCK

MORTGAGE MARKET INDICATORS

• Freddie Mac Average:30-Yr FRM, on: 5-21-15: 3.84% - Down 0.01 Point
• Rate Price Based on 3% MBS - Currently, Down -0.13 Point.
• DJI Stocks - Currently, $18,286.69, Up $1.29
• Asian & European Stock Market Indexes Down -0.047%
• Crude Oil (WTI) - Currently, $59.97, Up $1.01
• Gold 1 Ounce - Currently, $1,202.00, Down ($6.00)
   

MARKET REPORTS & ANALYSIS     

• Again, we have a mixe bag of data. April Home Sales were lighter than expected but still above the very important 5M mark.
• The Leading Economic Indicators were more than double the market expectations but the Philly Fed was weaker than expected.
• The net impact is that this is not enough to move us out of our channel today.