Thursday AM Lock Advisory & Market News 6-18-15

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

MORTGAGE MARKET INDICATORS

• Freddie Mac Average:30-Yr FRM, on: 6-18-15: 4.00% - Down 0.04 point
• Rate Price Based on 3% MBS - Currently, Up 0.07 Point.
• DJI Stocks - Currently, $18,087.29, Up $151.55
• Asian & European Stock Market Indexes Down -0.099%
• Crude Oil (WTI) - Currently, $60.19, Down ($0.27)
• Gold 1 Ounce - Currently, $1,202.00, Up $25.00
   

MARKET REPORTS & ANALYSIS     

• Thursday AM: Rates show slight improvement inspite of postitve reports from June Philly Fed and May Leading Economic Indicators generally negative for pricing.
• Rates whipsawed Wednesday down and Up. Ending unchanged after Yellen's announcement that rates were going up this year.
• May Industrial Production was worse than expected. This coupled with the earlier weaker than expected Empire Mfg Index is supportive of your pricing but not enough to change direction.
• Rates ended up again Monday and overall direction of the rate market appears to be heading higher since June 1.
• Friday morning rates were down slightly then started to rise midmorning, ending the day up. Readers recieved a rate warning at 10:45 AM.