Friday AM Mortgage Market Report 06-26-15

• 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: 6-25-15: 4.02% - Up 0.02 point
• Rate Price Based on 3% MBS - Currently, Up 0.25 Point.
• DJI Stocks - Currently, $17,969.99, Up $79.63
• Asian & European Stock Market Indexes Down -0.573%
• Crude Oil (WTI) - Currently, $59.41, Down ($0.29)
• Gold 1 Ounce - Currently, $1,173.00, Down ($0.22)

MARKET REPORTS & ANALYSIS     

• The University of Michigan's Final Reading better than expected report is generally, this is negative for pricing but today is all about Greece
• Thursday's very strong Personal Spending data has been that "missing piece" for some time and this type of reading provides slight up pressure on rates
• Wednesday rate prices improved and after their first posting and some lenders repriced for better.
• Tuesday prices began lower but readers received warning at 1:10 PM: that prices had just worsened and later several lenders repriced for worse
• Mortgage Rates spiked Monday erasing two days of gains. Readers of this blog were warned at 8:35 AM to look for increased prices.
  In my opinion, overall direction of the rate market has been headed up since June 1.